Fortis Inc (NYSE:FTS) announced a — dividend on Wednesday, September 11th, Wall Street Journal reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.3631 per share by the utilities provider on Sunday, December 1st. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 18th.
FTS stock opened at $40.61 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.46 and a current ratio of 0.56. Fortis has a one year low of $31.80 and a one year high of $42.80. The company has a fifty day moving average of $41.52 and a 200-day moving average of $40.07. The stock has a market capitalization of $17.61 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 3.59 and a beta of 0.14.
Fortis (NYSE:FTS) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Fortis had a net margin of 12.72% and a return on equity of 6.75%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business earned $0.65 earnings per share. Equities analysts forecast that Fortis will post 1.97 earnings per share for the current fiscal year.
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
Recommended Story: Arbitrage
Receive News & Ratings for Fortis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis and related companies with MarketBeat.com's FREE daily email newsletter.