Fortis (TSE:FTS – Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.80 per share for the quarter.
Fortis Stock Down 0.8 %
Shares of FTS opened at C$59.74 on Monday. The firm has a market capitalization of C$29.58 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.01 and a beta of 0.23. Fortis has a 12-month low of C$51.02 and a 12-month high of C$62.47. The company has a current ratio of 0.69, a quick ratio of 0.36 and a debt-to-equity ratio of 128.59. The firm has a fifty day moving average price of C$60.56 and a 200-day moving average price of C$56.91.
Fortis Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.83 per share. This is a positive change from Fortis’s previous quarterly dividend of $0.59. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Monday, November 18th. Fortis’s payout ratio is currently 77.12%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on FTS
Insider Transactions at Fortis
In related news, Senior Officer James Reid sold 19,972 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$59.46, for a total value of C$1,187,493.18. Corporate 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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