Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
Fortis Dividend Announcement
• Fortis announced a quarterly dividend of $0.46 per ordinary share which will be made payable on 2024-12-01. Ex dividend date: 2024-11-18
• Fortis annual dividend for 2024 was $1.76
• Fortis annual dividend for 2023 was $1.69
• Fortis's trailing twelve-month (TTM) dividend yield is 2.79%
• Fortis's payout ratio for the trailing twelve months (TTM) is 48.41%
• Fortis's dividend growth over the last five years (2018-2023) was 4.81% year
• Fortis's dividend growth over the last ten years (2013-2023) was 3.15% year
Fortis Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-18 | $0.46 | quarterly | 2024-12-01 |
| 2024-08-20 | $0.43 | quarterly | 2024-09-01 |
| 2024-05-16 | $0.43 | quarterly | 2024-06-01 |
| 2024-02-15 | $0.44 | quarterly | 2024-03-01 |
| 2023-11-16 | $0.43 | quarterly | 2023-12-01 |
| 2023-08-18 | $0.42 | quarterly | 2023-09-01 |
| 2023-05-16 | $0.42 | quarterly | 2023-06-01 |
| 2023-02-14 | $0.42 | quarterly | 2023-03-01 |
| 2022-11-16 | $0.41 | quarterly | 2022-12-01 |
| 2022-08-18 | $0.42 | quarterly | 2022-09-01 |
| 2022-05-16 | $0.42 | quarterly | 2022-06-01 |
| 2022-02-14 | $0.42 | quarterly | 2022-03-01 |
| 2021-11-16 | $0.42 | quarterly | 2021-12-01 |
| 2021-08-18 | $0.40 | quarterly | 2021-09-01 |
| 2021-05-14 | $0.40 | quarterly | 2021-06-01 |
| 2021-02-12 | $0.40 | quarterly | 2021-03-01 |
| 2020-11-17 | $0.39 | quarterly | 2020-12-01 |
| 2020-08-18 | $0.36 | quarterly | 2020-09-01 |
| 2020-05-14 | $0.34 | quarterly | 2020-06-01 |
| 2020-02-14 | $0.36 | quarterly | 2020-03-01 |
| 2019-11-18 | $0.36 | quarterly | 2019-12-01 |
| 2019-08-19 | $0.34 | quarterly | 2019-09-01 |
| 2019-05-16 | $0.45 | quarterly | 2019-06-01 |
| 2019-02-14 | $0.34 | quarterly | 2019-03-01 |
| 2018-11-19 | $0.34 | quarterly | 2018-12-01 |
| 2018-08-20 | $0.33 | quarterly | 2018-09-01 |
| 2018-05-17 | $0.33 | quarterly | 2018-06-01 |
| 2018-02-14 | $0.34 | quarterly | 2018-03-01 |
| 2017-11-17 | $0.33 | quarterly | 2017-12-01 |
| 2017-08-17 | $0.32 | quarterly | 2017-09-01 |
| 2017-05-17 | $0.40 | quarterly | 2017-06-01 |
| 2017-02-14 | $0.31 | quarterly | 2017-03-01 |
| 2016-11-16 | $0.30 | quarterly | 2016-12-01 |
| 2016-08-17 | $0.29 | quarterly | |
| 2016-05-16 | $0.29 | quarterly | |
| 2016-02-12 | $0.27 | quarterly | |
| 2015-11-16 | $0.28 | quarterly | |
| 2015-08-17 | $0.26 | quarterly | |
| 2015-05-14 | $0.28 | quarterly | |
| 2015-02-12 | $0.29 | quarterly | |
| 2014-10-22 | $0.32 | quarterly | |
| 2014-08-13 | $0.32 | quarterly | |
| 2014-05-14 | $0.32 | quarterly | |
| 2014-02-12 | $0.32 | quarterly | |
| 2013-11-13 | $0.31 | quarterly | |
| 2013-08-14 | $0.31 | quarterly | |
| 2013-05-15 | $0.31 | quarterly | |
| 2013-02-12 | $0.31 | quarterly |
Fortis Dividend per year
Fortis Dividend growth
Fortis Dividend Yield
Fortis current trailing twelve-month (TTM) dividend yield is 2.79%. Interested in purchasing Fortis stock? Use our calculator to estimate your expected dividend yield:
Fortis Financial Ratios
P/E ratio18.73
PEG ratio-5.98
P/B ratio1.38
ROE7.48%
Payout ratio48.41%
Current ratio0.74
Quick ratio0.63
Cash Ratio0.16
Fortis Dividend FAQ
How much is the next Fortis dividend?
Fortis's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Fortis dividend. The next Fortis dividend will be released in February, May, August, or November.
When is Fortis dividend paid?
Fortis pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Fortis pay?
The specific amount of Fortis dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Fortis's dividend history.
Does Fortis stock pay dividends?
Yes, Fortis does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Fortis's dividend history.
How much dividend does Fortis pay?
Fortis paid $1.763 in 2024, $1.691 in 2023, $1.67 in 2022, $1.613 in 2021, and $1.446 in 2020.
How often does Fortis pay dividends?
Fortis typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Fortis's dividend yield?
The current dividend yield for Fortis is 2.79%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Fortis's exact dividend yield.
When does Fortis go ex dividend?
Fortis's ex-dividend date for the latest dividend was on 2024-11-18. Fortis typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Fortis dividend paid?
Fortis pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Fortis increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Fortis will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Fortis dividend per share?
Fortis paid $1.763 per share in 2024 and $1.691 per share in 2023. The amount of dividend per share that Fortis pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Fortis a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Fortis a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Fortis a dividend stock?
Yes, Fortis is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Fortis a good dividend stock?
Whether Fortis is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Fortis has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Fortis as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Fortis as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Fortis pay dividends monthly?
Fortis typically pays dividends on a quarterly basis.
Does Fortis pay dividends quarterly?
Fortis currently pays dividends on a quarterly basis.
Has Fortis ever paid a dividend?
Yes, Fortis has a history of paying dividends to its shareholders. Fortis is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Fortis dividend stocks?
To buy Fortis you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Fortis stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Fortis stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Fortis pay dividends 2024?
Fortis pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-01. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Fortis increase its dividend in 2024?
Decisions regarding Fortis dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Fortis dividend overview you can look into the above table of dividend history.
How Fortis dividend works?
The Fortis dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Fortis's dividend process works:
1. Determination of Dividend: Fortis's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Fortis publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Fortis distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Fortis are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Fortis's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Fortis publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Fortis distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Fortis are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Fortis dividends paid?
Fortis dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Fortis sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Fortis distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fortis declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Fortis sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Fortis distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fortis declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Fortis pay dividends?
Fortis typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Fortis pay dividends?
The general pattern is that Fortis pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Fortis dividend safe?
The safety of Fortis's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Fortis's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Fortis's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Fortis's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Fortis's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.