Fortis Inc. (TSE:FTS) Plans Dividend Increase – $0.67 Per Share

Fortis Inc. (TSE:FTS) declared a quarterly dividend on Tuesday, November 17th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.6650 per share on Tuesday, December 1st. This represents a $2.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 17th. This is a 3.9% increase from Fortis’s previous quarterly dividend of $0.64.

Fortis Price Performance

Shares of FTS stock traded up C$0.66 on Friday, hitting C$85.09. 2,118,292 shares of the company’s stock were exchanged, compared to its average volume of 1,615,877. The company has a debt-to-equity ratio of 146.51, a current ratio of 0.69 and a quick ratio of 0.36. Fortis has a 12 month low of C$69.06 and a 12 month high of C$86.35. The stock has a market cap of C$43.89 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 3.01 and a beta of 0.49. The company has a 50 day moving average of C$78.42 and a 200 day moving average of C$78.19.

Fortis (TSE:FTS) last released its earnings results on Tuesday, November 3rd. The company reported C$0.92 earnings per share (EPS) for the quarter. The firm had revenue of C$3.12 billion for the quarter. Fortis had a return on equity of 7.57% and a net margin of 15.04%. On average, equities research analysts predict that Fortis will post 3.34 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Fortis from C$81.00 to C$85.00 and gave the company a “market perform” rating in a report on Wednesday, November 4th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Fortis from C$82.00 to C$78.00 in a research note on Tuesday, September 22nd. Barclays lowered shares of Fortis from an “overweight” rating to an “equal weight” rating and set a C$61.00 target price on the stock. in a research report on Friday, November 6th. Raymond James Financial cut shares of Fortis from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$85.50 to C$86.50 in a research note on Wednesday, November 4th. Finally, National Bank Financial boosted their target price on shares of Fortis from C$83.00 to C$84.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 4th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Fortis currently has an average rating of “Hold” and an average price target of C$80.45.

Fortis Company Profile

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.