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

Fortis Inc. (TSE:FTS – Get Free Report) announced a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Stockholders of record on Monday, June 1st will be paid a dividend of 0.64 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th.

Fortis Trading Down 0.0%

Fortis stock traded down C$0.02 during trading on Wednesday, hitting C$77.13. The company’s stock had a trading volume of 68,337 shares, compared to its average volume of 1,697,701. The stock’s fifty day moving average is C$77.89 and its 200 day moving average is C$74.45. Fortis has a 1-year low of C$63.54 and a 1-year high of C$80.69. The stock has a market capitalization of C$39.27 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 3.01 and a beta of 0.47. The company has a debt-to-equity ratio of 145.23, a quick ratio of 0.36 and a current ratio of 0.49.

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Fortis (TSE:FTS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$3.40 billion for the quarter. Fortis had a return on equity of 7.51% and a net margin of 14.75%. As a group, equities research analysts predict that Fortis will post 3.3419913 EPS for the current year.

Insider Transactions at Fortis

In other news, insider Karen J. Gosse sold 8,412 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of C$78.18, for a total value of C$657,650.16. Following the completion of the sale, the insider owned 52,228 shares of the company’s stock, valued at C$4,083,185.04. This represents a 13.87% decrease in their ownership of the stock. 0.04% of the stock is currently owned by corporate insiders.

About Fortis

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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.

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