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

: 6.45% (As of Today)
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As of today (2024-04-23), the Forward Annual Dividend Yield of Fortis is 6.45%.

As of today (2024-04-23), the Trailing Annual Dividend Yield of Fortis is 6.45%.

TSX:FTS.PR.F.PFD's Forward Dividend Yield % is ranked better than
53.77% of 424 companies
in the Utilities - Regulated industry
Industry Median: 4.215 vs TSX:FTS.PR.F.PFD: 6.45

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

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 Forward Dividend Yield % Distribution

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 Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.3062024-02-152024-02-162024-03-01Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3062023-11-162023-11-172023-12-01Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3062023-08-182023-08-212023-09-01Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3062023-05-162023-05-172023-06-01Cash DividendquarterlyCAD:CAD 1.000000

* 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 Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.224/18.99
=6.45 %

Current Share Price is C$18.99.
Fortis's Dividends per Share for the forward twelve months is calculated as C$0.306 * 4 = C$1.224.

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

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.224/18.99
=6.45 %

Current Share Price is C$18.99.
Fortis's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.224.

* 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  (TSX:FTS.PR.F.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.F.PFD) 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.

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