Fortinet Dividend yield

Fortinet is part of Software and Computer Services business, which is part of Technology industry. Fortinet is a company from USA, and his stocks are publicly traded.

Fortinet stock dividend

Fortinet paid a total dividend of 0 million USD last year, for a market value of 47,205 millions (Market Cap 39,480 millions). Fortinet dividend per share is 0.00 USD, and his stock market price 60.21 USD.

According to the chart below where dividend yield is displayed, Fortinet, has a dividend yield of 0%, amount in contrast with the positive dividend offered by both the market average and companies from USA, Technology industry, and Software and Computer Services sector. This lack of dividends of Fortinet might harm the evolution of share price if the company is not clearly expanding his business.

In addition, you should compare Fortinet stocks dividend with other Software and Computer Services companies or other of the best USA dividend stocks list.

Fortinet Dividend Payout

About the ability of Fortinet to maintain his current dividend of USD 0.00 per share, an amount that accounts for 0.00%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Fortinet payout on ernings is currently 0.00%, which is lower than the market average and companies in his industry and sector.

The following figure shows payout ratios over earnings and cashflow of Fortinet, compared againt world market average, USA companies, Technology industry and Software and Computer Services sector companies.

Fortinet Dividend History

Below you will find a table with the historical evolution of Fortinet's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	USD	Paypout	Shares*
Present	0.00%	0.00	0.00%	784
2022	0.00%	0.00	0.00%	789
2021	0.00%	0.00	0.00%	163
2020	0.00%	0.00	0.00%	162
2019	0.00%	0.00	0.00%	171

*In millions

Fortinet Stock performance

Finally, last moth Fortinet showed a return of -22.50% compared to a worldwide -2.49% average, and a -1.32% of Technology firms. Over the last year, the company obtained a 23.70% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Software and Computer Services firms.