Fortis Inc. (FTS) To Go Ex-Dividend on November 17th

Fortis Inc. (TSE:FTS) declared a quarterly dividend on Monday, November 17th, TickerTech Dividends reports. Shareholders of record on Monday, December 1st will be given a dividend of 0.64 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 17th. This is a 4.1% increase from Fortis’s previous quarterly dividend of $0.62.

Fortis Trading Down 0.1%

Shares of FTS stock traded down C$0.11 during trading hours on Friday, hitting C$73.33. 3,625,198 shares of the company were exchanged, compared to its average volume of 1,575,451. The company has a 50 day simple moving average of C$70.44 and a two-hundred day simple moving average of C$68.02. The firm has a market cap of C$36.78 billion, a P/E ratio of 21.82, a P/E/G ratio of 3.01 and a beta of 0.29. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. Fortis has a fifty-two week low of C$57.98 and a fifty-two week high of C$74.00.

Fortis (TSE:FTS) last issued its earnings results on Tuesday, November 4th. The company reported C$0.81 earnings per share (EPS) for the quarter. Fortis had a net margin of 14.53% and a return on equity of 7.48%. The business had revenue of C$2.94 billion for the quarter. Equities analysts anticipate that Fortis will post 3.3419913 EPS for the current year.

About Fortis

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.