How much dividend does Fortis pay?
Over the past 12 months, Fortis paid a dividend of 2.28 CAD . This corresponds to a dividend yield of about 3.7 %. For the coming 12 months, Fortis is expected to pay a dividend of 2.32 CAD.
Fortis Dividend 2024
Fortis Dividend
2.28 CAD
Fortis Dividend yield
3.7 %
Ticker
FTS.TO
ISIN
CA3495531079
WKN
881347
How much dividend does Fortis 2024 pay?
According to the latest status from October 2024, Fortis paid a total of 2.28 CAD per share in dividends within the last 12 months. With the current Fortis price of 61.79 CAD, this corresponds to a dividend yield of 3.7 %. A dividend is paid 4 times per year.
| 3.7 % Dividend Yield | = |
|
Historical Fortis Dividends
A dividend is paid 4 times per year. Last year, the payout months were March, June, September and December.
| Paydate | Dividend |
|---|---|
| 9/20/2024 | 0.59 |
| 6/16/2024 | 0.59 |
| 3/15/2024 | 0.59 |
| 12/16/2023 | 0.59 |
| 9/18/2023 | 0.57 |
| 6/16/2023 | 0.57 |
| 3/14/2023 | 0.57 |
| 12/16/2022 | 0.57 |
| 9/18/2022 | 0.54 |
| 6/16/2022 | 0.54 |
| 3/14/2022 | 0.54 |
| 12/16/2021 | 0.54 |
| 9/18/2021 | 0.51 |
| 6/14/2021 | 0.51 |
| 3/12/2021 | 0.51 |
| 12/17/2020 | 0.51 |
| 9/18/2020 | 0.48 |
| 6/14/2020 | 0.48 |
| 3/14/2020 | 0.48 |
| 12/18/2019 | 0.48 |
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Fortis dividend history and estimates CA3495531079 · 881347
In 2023, Fortis paid a dividend amounting to 2.28 CAD. Dividend means that Fortis distributes a portion of its profits to its owners.
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Dividend (Estimate)
Details
Dividend
ⓘDividend Overview
The dividend per year chart for Fortis provides a comprehensive view of the annual dividends distributed to shareholders. Analyze the trend to understand the consistency and growth in dividend payouts over the years.
Interpretation and Use
A consistent or increasing trend in dividends can indicate the company's profitability and financial health. Investors can use this data to identify Fortis’s potential for long-term investment and income generation through dividends.
Investment Strategy
Incorporate the dividend data in evaluating Fortis's overall performance. A thorough analysis, considering other financial aspects, will help in making informed investment decisions for optimal capital growth and income generation.
Fortis Dividend History
| Date | Fortis Dividend |
|---|---|
| 2028e | 2.32 undefined |
| 2027e | 2.32 undefined |
| 2026e | 2.32 undefined |
| 2025e | 2.32 undefined |
| 2024e | 2.32 undefined |
| 2023 | 2.28 undefined |
| 2022 | 2.17 undefined |
| 2021 | 2.05 undefined |
| 2020 | 1.94 undefined |
| 2019 | 1.83 undefined |
| 2018 | 1.72 undefined |
| 2017 | 1.63 undefined |
| 2016 | 1.53 undefined |
| 2015 | 1.4 undefined |
| 2014 | 1.28 undefined |
| 2013 | 1.24 undefined |
| 2012 | 1.2 undefined |
| 2011 | 1.16 undefined |
| 2010 | 1.12 undefined |
| 2009 | 1.04 undefined |
| 2008 | 1 undefined |
| 2007 | 0.82 undefined |
| 2006 | 0.67 undefined |
| 2005 | 0.59 undefined |
| 2004 | 0.54 undefined |
| Dividend | Dividend (Estimate) | |
|---|---|---|
| 2004 | 0.54 CAD | 0 CAD |
| 2005 | 0.59 CAD | 0 CAD |
| 2006 | 0.67 CAD | 0 CAD |
| 2007 | 0.82 CAD | 0 CAD |
| 2008 | 1 CAD | 0 CAD |
| 2009 | 1.04 CAD | 0 CAD |
| 2010 | 1.12 CAD | 0 CAD |
| 2011 | 1.16 CAD | 0 CAD |
| 2012 | 1.2 CAD | 0 CAD |
| 2013 | 1.24 CAD | 0 CAD |
| 2014 | 1.28 CAD | 0 CAD |
| 2015 | 1.4 CAD | 0 CAD |
| 2016 | 1.53 CAD | 0 CAD |
| 2017 | 1.63 CAD | 0 CAD |
| 2018 | 1.72 CAD | 0 CAD |
| 2019 | 1.83 CAD | 0 CAD |
| 2020 | 1.94 CAD | 0 CAD |
| 2021 | 2.05 CAD | 0 CAD |
| 2022 | 2.17 CAD | 0 CAD |
| 2023 | 2.28 CAD | 0 CAD |
| 2024e | 0 CAD | 2.32 CAD |
| 2025e | 0 CAD | 2.32 CAD |
| 2026e | 0 CAD | 2.32 CAD |
| 2027e | 0 CAD | 2.32 CAD |
| 2028e | 0 CAD | 2.32 CAD |
Is the Fortis Dividend Safe?
Fortis has been increasing the dividend for 51 years.
Over the past 10 years, Fortis has increased it by an annual 6.303 %.
Over a five-year period, the distribution increased by 5.784%.
Analysts expect a Dividend Increase of 0.696% for the current fiscal year.
Fortis dividend payout ratio CA3495531079 · 881347
In 2023, Fortis had a payout ratio of 77.06%. The payout ratio indicates the percentage of the company's profits that Fortis distributes as dividends.
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Payout ratio
ⓘWhat is Yearly Payout Ratio?
The yearly payout ratio for Fortis represents the proportion of earnings paid out as dividends to shareholders. It is an indicator of the company's financial health and stability, illustrating how much profit is being returned to investors versus being reinvested back into the company.
How to Interpret the Data
A lower payout ratio for Fortis could mean that the company is reinvesting more into its growth, whereas a higher ratio indicates more earnings are being distributed as dividends. Investors seeking regular income might prefer companies with a higher payout ratio, while those looking for growth may opt for companies with a lower ratio.
Using the Data for Investments
Evaluate Fortis's payout ratio in conjunction with other financial metrics and performance indicators. A sustainable payout ratio, coupled with strong financial health, can indicate a reliable dividend payout. However, a very high ratio might suggest the company is not sufficiently reinvesting in its future growth.
Fortis Payout Ratio History
| Date | Fortis Payout ratio |
|---|---|
| 2028e | 77.66 % |
| 2027e | 77.72 % |
| 2026e | 77.56 % |
| 2025e | 77.71 % |
| 2024e | 77.9 % |
| 2023 | 77.06 % |
| 2022 | 78.15 % |
| 2021 | 78.5 % |
| 2020 | 74.52 % |
| 2019 | 48.35 % |
| 2018 | 66.86 % |
| 2017 | 70.35 % |
| 2016 | 81.55 % |
| 2015 | 54.49 % |
| 2014 | 91.43 % |
| 2013 | 73.81 % |
| 2012 | 75.47 % |
| 2011 | 71.17 % |
| 2010 | 73.68 % |
| 2009 | 73.76 % |
| 2008 | 70.92 % |
| 2007 | 67.77 % |
| 2006 | 55.37 % |
| 2005 | 53.41 % |
| 2004 | 62.07 % |
| Payout ratio | |
|---|---|
| 2004 | 62.07 % |
| 2005 | 53.41 % |
| 2006 | 55.37 % |
| 2007 | 67.77 % |
| 2008 | 70.92 % |
| 2009 | 73.76 % |
| 2010 | 73.68 % |
| 2011 | 71.17 % |
| 2012 | 75.47 % |
| 2013 | 73.81 % |
| 2014 | 91.43 % |
| 2015 | 54.49 % |
| 2016 | 81.55 % |
| 2017 | 70.35 % |
| 2018 | 66.86 % |
| 2019 | 48.35 % |
| 2020 | 74.52 % |
| 2021 | 78.5 % |
| 2022 | 78.15 % |
| 2023 | 77.06 % |
| 2024e | 77.9 % |
| 2025e | 77.71 % |
| 2026e | 77.56 % |
| 2027e | 77.72 % |
| 2028e | 77.66 % |
Dividend Details
Understanding Fortis's Dividend Distributions
Fortis’s dividends are a portion of the company’s profits distributed to shareholders. It is a critical indicator of the company’s financial health and attractiveness to investors. Dividends provide investors with a steady income stream, in addition to any profits that may come from selling the stock at a higher price than the purchase price.
Year-to-Year Comparison
Examining Fortis's dividend distributions over the years can highlight the company’s profitability and stability. A consistent or increasing dividend payout can indicate a financially healthy company with predictable earnings, while fluctuations or reductions in dividends can suggest underlying financial or operational challenges.
Impact on Investments
Fortis's dividend payments are an essential factor for income-focused investors. A robust dividend payout can enhance the stock’s appeal, offering regular income in addition to potential capital gains. It also can indicate the company's confidence in its future earnings, making it a significant consideration in investment decisions.
Interpreting Dividend Fluctuations
Changes in Fortis’s dividends can result from shifts in the company’s earnings, financial policies, or reinvestment strategies. An increase in dividends often signals financial stability, while a decrease may indicate a need to conserve cash or reinvest profits to fuel growth, each scenario having different implications for investors.
Fortis Aktienanalyse
What does Fortis do?
Fortis Inc. is a Canadian energy utility company that operates in the supply of electricity and gas. The company is headquartered in St. John's, Newfoundland and Labrador and is led by Barry V. Perry as President and CEO. The history of Fortis Inc. dates back to 1885 when the St. John's Electric Light Company was founded. Over the following years and decades, there were further acquisitions and mergers of utility companies throughout Canada, including the British Columbia Power Commission and the Maritime Electric Company. Today, Fortis Inc. operates electricity utility companies in Canada, the United States, the Caribbean, and Central America. The company has a broad customer base, serving both residential and commercial customers. Fortis Inc.'s business model is based on providing reliable energy supply through investments in existing infrastructure and expanding their customer base. The company aims to leverage its advantages and expertise in the industry to achieve a stronger presence in the market. Fortis Inc. has four operating segments: electricity, gas, integrated energy supply, and other activities. The electricity segment includes companies that perform electricity generation, transmission, and distribution. The gas segment operates gas supply systems and facilities. The integrated energy supply segment includes companies that are involved in the entire energy chain, from generation to consumption billing. The other activities segment includes financial services and real estate activities. Fortis Inc. offers various products, including electricity, gas, and energy efficiency solutions. The company is actively working on the introduction of clean energy sources that minimize environmental impacts and reduce dependence on fossil fuels. Fortis Inc. is committed to providing reliable and cost-effective services to its customers. The company strives to actively inform and collaborate with its customers and stakeholders to meet their needs and requirements. Overall, Fortis Inc. has established itself as a leading company in the energy industry. With a strong focus on quality, reliability, and commitment to its customers, the company has built a solid foundation for a sustainable and successful future. Fortis is one of the most popular companies on Eulerpool.com.Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
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Frequently Asked Questions about Fortis stock
What is the dividend yield of Fortis?
The current dividend yield of Fortis is 3.7 %.
When does Fortis pay dividends?
Fortis pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of Fortis?
Fortis paid dividends every year for the past 52 years.
What is the dividend of Fortis?
For the upcoming 12 months, dividends amounting to 2.32 CAD are expected. This corresponds to a dividend yield of 3.75 %.
In which sector is Fortis located?
Fortis is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von Fortis kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Fortis from 9/1/2024 amounting to 0.59 CAD, you needed to have the stock in your portfolio before the ex-date on 8/20/2024.
When did Fortis pay the last dividend?
The last dividend was paid out on 9/1/2024.
What was the dividend of Fortis in the year 2023?
In the year 2023, Fortis distributed 2.17 CAD as dividends.
In which currency does Fortis pay out the dividend?
The dividends of Fortis are distributed in CAD.
Andere Kennzahlen von Fortis
Our stock analysis for Fortis Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Fortis Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
