Fortis Inc. (TSE:FTS) Plans Quarterly Dividend of $0.62

Key Points

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Fortis Inc. (TSE:FTS - Get Free Report) announced a quarterly dividend on Tuesday, August 19th, RTT News reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.615 per share on Monday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, August 19th.

Fortis Stock Up 1.5%

TSE FTS traded up C$0.99 on Monday, reaching C$68.79. 2,011,986 shares of the stock traded hands, compared to its average volume of 1,651,741. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. The company has a fifty day moving average price of C$65.45 and a 200-day moving average price of C$64.75. The company has a market cap of C$34.03 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 3.01 and a beta of 0.23. Fortis has a 12 month low of C$57.50 and a 12 month high of C$69.70.

About Fortis

Fortis owns and operates 10 utility transmission and distribution assets 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. ITC operates electric transmission in seven U.S.