Fortis Inc. (TSE:FTS – Get Free Report) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Tuesday, August 20th will be paid a dividend of 0.59 per share on Sunday, September 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, August 20th.
Fortis Stock Performance
Shares of Fortis stock traded up C$0.35 on Thursday, hitting C$58.07. 137,946 shares of the company’s stock were exchanged, compared to its average volume of 1,591,007. The company has a 50-day simple moving average of C$54.39 and a 200-day simple moving average of C$53.91. The stock has a market capitalization of C$28.63 billion, a PE ratio of 18.44, a PEG ratio of 2.80 and a beta of 0.18. Fortis has a 1 year low of C$49.82 and a 1 year high of C$58.23. The company has a debt-to-equity ratio of 128.89, a quick ratio of 0.36 and a current ratio of 0.60.
Fortis (TSE:FTS – Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported C$0.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.04. Fortis had a net margin of 14.11% and a return on equity of 7.38%. The firm had revenue of C$3.12 billion for the quarter, compared to the consensus estimate of C$3.34 billion. As a group, equities analysts anticipate that Fortis will post 3.2075145 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Research Report on FTS
Insider Transactions at Fortis
In other news, Senior Officer James Reid purchased 700 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were purchased at an average cost of C$52.37 per share, with a total value of C$36,659.00. Company insiders own 0.04% of the company’s stock.
Fortis Company Profile
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.
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