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

Fortis Inc. (TSE:FTS) announced a quarterly dividend on Wednesday, August 19th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.64 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 19th.

Fortis Price Performance

TSE:FTS opened at C$78.68 on Monday. The company’s 50-day simple moving average is C$80.44 and its 200-day simple moving average is C$78.25. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. Fortis has a fifty-two week low of C$67.15 and a fifty-two week high of C$83.75. The stock has a market capitalization of C$40.20 billion, a P/E ratio of 23.14, a P/E/G ratio of 3.01 and a beta of 0.42.

Fortis (TSE:FTS) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.78 EPS for the quarter. The firm had revenue of C$2.93 billion during the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. On average, equities analysts anticipate that Fortis will post 3.3419913 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fortis news, insider James Reid sold 421 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$79.05, for a total transaction of C$33,280.05. Following the sale, the insider owned 31,283 shares of the company’s stock, valued at approximately C$2,472,921.15. The trade was a 1.33% decrease in their position. Over the last quarter, insiders have purchased 572 shares of company stock worth $45,909. 0.04% of the stock is currently owned by insiders.

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.