Fortis Inc. (NYSE:FTS) will begin trading ex-dividend on November 17, 2020. The quarterly dividend payment of $ 0.505 per share is scheduled to be paid on December 1, 2020. The dividend yield based on the latest trading day closing price was 4.89 percent. Shareholders who purchased FTS shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Fortis Inc. recently reported second quarter financial results on July 30, 2020, before market open, the St. Johns based company disclosed income for the second quarter of $ 0.40 per share, from the revenue of $ 1,498.14 million. The quarterly earnings improved 12.50 percent while revenues compared with the same quarter last year.
Street analysts expected income of $ 0.58 per share The bottom line results missed street analysts by $ 0.18 or 31.03 percent, at the same time, top line results analysts by $ 0.03 million or .
Stock Performance
On Friday, shares of Fortis Inc. has traded high as $ 41.83 and has cracked $ 41.15 on the downward trend, reaching $ 41.34 with volume of 2.09 million shares.
According to the previous trading day, closing price of $ 41.34, representing a 45.47 % increase from the 52 week low of $ 28.59 and a 7 % decrease over the 52 week high of $ 44.72.
The company has a market capital of $ 19.24 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizonas Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
