Fortis (TSX:FTS.PR.E.PFD) Forward Dividend Yield % : 4.84% (As of Apr. 28, 2024)

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What is Fortis Forward Dividend Yield %?

As of today (2024-04-28), the Forward Annual Dividend Yield of Fortis is 4.84%.

As of today (2024-04-28), the Trailing Annual Dividend Yield of Fortis is 4.84%.

TSX:FTS.PR.E.PFD's Forward Dividend Yield % is ranked better than
53.99% of 426 companies
in the Utilities - Regulated industry
Industry Median: 4.125 vs TSX:FTS.PR.E.PFD: 4.84

Fortis's Dividends per Share for the three months ended in Dec. 2023 was C$0.00.

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.

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.

The growth rate is calculated with least square regression.

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

Competitive Comparison of Fortis's Forward Dividend Yield %

For the Utilities - Regulated Electric subindustry, Fortis's Forward Dividend Yield %, along with its competitors' market caps and Forward 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 Forward Dividend Yield % Distribution in the Utilities - Regulated Industry

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

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

Fortis Forward Dividend Yield % Calculation

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

Fortis (TSX:FTS.PR.E.PFD) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Fortis Forward Dividend Yield % Related Terms

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Fortis (TSX:FTS.PR.E.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (TSX:FTS.PR.E.PFD) » Definitions » Forward Dividend Yield %

Comparable Companies

Traded in Other Exchanges

FORFF.PFD:USA FTRSF.PFD:USA FTS:USA 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.H.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada

Address

5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

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.

Fortis (TSX:FTS.PR.E.PFD) Headlines

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