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Fortis (Fortis) Dividends per Share : $1.72 (TTM As of Mar. 2024)


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What is Fortis Dividends per Share?

Fortis's dividends per share for the three months ended in Mar. 2024 was $0.44. Its dividends per share for the trailing twelve months (TTM) ended in Mar. 2024 was $1.72. Its Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.67. As of today, Fortis's Dividend Yield % is 4.31%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Fortis Inc is 0.80, which seems too high.

Good Sign:

Fortis Inc stock dividend yield is close to 10-year high.

During the past 12 months, Fortis's average Dividends Per Share Growth Rate was 5.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Fortis was 30.10% per year. The lowest was -2.20% per year. And the median was 5.35% per year.

For more information regarding to dividend, please check our Dividend Page.


Fortis Dividends per Share Historical Data

The historical data trend for Fortis's Dividends per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortis Dividends per Share Chart

Fortis Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividends per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.39 1.51 1.60 1.60 1.70

Fortis Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividends per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.43 0.42 0.44 0.44

Competitive Comparison of Fortis's Dividends per Share

For the Utilities - Regulated Electric subindustry, Fortis's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortis's Dividend Yield % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fortis's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Fortis's Dividend Yield % falls into.



Fortis Dividends per Share Calculation

Dividends paid to per common share.


Fortis  (NYSE:FTS) Dividends per Share Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Fortis's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.436/ 0.656
=0.66

During the past 13 years, the highest Dividend Payout Ratio of Fortis was 0.85. The lowest was 0.66. And the median was 0.80.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Fortis Inc is 0.80, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Fortis Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.5900002024-02-152024-02-162024-03-01Cash DividendquarterlyCAD:USD 0.737028
CAD 0.5900002023-11-162023-11-172023-12-01Cash DividendquarterlyCAD:USD 0.735998
CAD 0.5650002023-08-182023-08-212023-09-01Cash DividendquarterlyCAD:USD 0.738607
CAD 0.5650002023-05-162023-05-172023-06-01Cash DividendquarterlyCAD:USD 0.735943

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.


Fortis's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.70220609/39.78
=4.28 %

Current Share Price is $39.78.
Fortis's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.70220609.

During the past 13 years, the highest Dividend Yield of Fortis was 4.41%. The lowest was 3.05%. And the median was 3.61%.

Good Sign:

Fortis Inc stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fortis Dividends per Share Related Terms

Thank you for viewing the detailed overview of Fortis's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortis (Fortis) Business Description

Address
5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4
Fortis owns and operates eight utility transmission and distribution subsidiaries 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. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.