Fortis (Fortis) Dividend Payout Ratio

: 0.89 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

Fortis's dividend payout ratio for the months ended in Dec. 2023 was 0.89.

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.

The historical rank and industry rank for Fortis's Dividend Payout Ratio or its related term are showing as below:

FTS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.8 Max: 0.85
Current: 0.8

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.

FTS's Dividend Payout Ratio is ranked worse than
77.45% of 368 companies
in the Utilities - Regulated industry
Industry Median: 0.535 vs FTS: 0.80

As of today (2024-04-18), the Dividend Yield % of Fortis is 4.48%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Fortis was 4.55%. The lowest was 3.05%. And the median was 3.61%.

Fortis's Dividends per Share for the months ended in Dec. 2023 was $0.44.

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.

Fortis Dividend Payout Ratio Historical Data

The historical data trend for Fortis's Dividend Payout Ratio 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.75

0.80

0.85

0.80

Fortis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.79	0.67	1.00	0.71	0.89

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Fortis's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

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

* The bar in red indicates where Fortis's Dividend Payout Ratio falls into.

Fortis Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Fortis's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.703	/	2.133
	=	0.80

Fortis's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.44	/	0.496
	=	0.89

Fortis (NYSE:FTS) Dividend Payout Ratio Explanation

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.

Fortis Dividend Payout Ratio Related Terms

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

Fortis (Fortis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (NYSE:FTS) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

FORFF.PFD:USA FTRSF.PFD:USA 12F:Germany 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.