Fortis Inc. (FTS) Declares Dividend Increase – $0.43 Per Share

Fortis Inc. (TSE:FTS) announced a quarterly dividend on Friday, November 17th, TickerTech reports. Investors of record on Friday, December 1st will be paid a dividend of 0.425 per share on Friday, December 1st. This represents a $1.70 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, November 17th. This is an increase from Fortis’s previous quarterly dividend of $0.40.

Fortis (TSE:FTS) opened at C$47.84 on Friday. Fortis has a 1 year low of C$39.58 and a 1 year high of C$48.46.

In other news, insider Earl Ludlow sold 35,056 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of C$46.45, for a total transaction of C$1,628,351.20. Also, Director Jamie Roberts sold 1,569 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of C$48.11, for a total value of C$75,484.59.

TRADEMARK VIOLATION NOTICE: “Fortis Inc. (FTS) Declares Dividend Increase – $0.43 Per Share” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/12/fortis-inc-fts-declares-dividend-increase-0-43-per-share.html.

Several research analysts have weighed in on FTS shares. Royal Bank Of Canada lowered their price target on Fortis from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Monday, July 31st. J P Morgan Chase & Co lifted their target price on Fortis from C$47.00 to C$48.00 in a research note on Thursday, October 19th. BMO Capital Markets set a C$51.00 target price on Fortis in a research note on Friday, September 15th. Scotiabank restated an “outperform” rating and issued a C$50.00 price target on shares of Fortis in a research note on Monday, July 31st. Finally, National Bank Financial restated a “sector perform” rating and issued a C$49.00 price target (up from C$48.00) on shares of Fortis in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Fortis currently has an average rating of “Buy” and an average price target of C$48.89.

Fortis Company Profile

Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.

Dividend History for Fortis (TSE:FTS)

Receive News & Ratings for Fortis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply