Fortis Inc. (TSE:FTS) Plans Quarterly Dividend of $0.64

Fortis Inc. (TSE:FTS) declared a quarterly dividend on Tuesday, February 17th, TickerTech Dividends reports. Investors of record on Sunday, March 1st will be paid a dividend of 0.64 per share on Sunday, March 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, February 17th.

Fortis Trading Up 1.4%

Shares of TSE FTS opened at C$77.42 on Friday. Fortis has a 1 year low of C$60.94 and a 1 year high of C$77.59. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36. The firm has a 50-day moving average of C$71.89 and a 200 day moving average of C$70.92. The stock has a market cap of C$39.13 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 3.01 and a beta of 0.35.

Fortis (TSE:FTS) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.90 earnings per share 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$3.08 billion for the quarter. As a group, sell-side analysts expect that Fortis will post 3.3419913 EPS for the current fiscal 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. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.