Fortis Inc Dividend yield

 Price  52.99
 Dividend  2.26
 Earnings  3.17
 Cash-flow  6.38
 Book value  40.76
 Equity  38.19

Fortis Inc is part of Electricity business, which is part of Utilities industry. Fortis Inc is a company from Canada, and his stocks are publicly traded.

Fortis Inc stock dividend

Fortis Inc paid a total dividend of 1,094 million CAD last year, for a market value of 25,647 millions (Market Cap 25,664 millions). Fortis Inc dividend per share is 2.26 CAD, and his stock market price 52.99 CAD.

According to the chart below, where dividend yield is displayed, Fortis Inc has a dividend yield of 4.26%, which is similar to the amount offered by both the market average and companies from Canada. However, it is lower than the average of Utilities industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Fortis Inc stocks dividend with other Electricity companies or other of the best Canada dividend stocks list.

Dividend yield of Fortis Inc

Fortis Inc Dividend Payout

About the ability of Fortis Inc to maintain his current dividend of CAD 2.26 per share, an amount that accounts for 4.26%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Fortis Inc payout on ernings is currently 71.29%, which is higher than the market average, and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Fortis Inc can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Fortis Inc is CAD 6.38 per share, which is higher than the dividend per share paid by the company of CAD 2.26, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Fortis Inc, compared againt world market average, Canada companies, Utilities industry and Electricity sector companies.

Fortis Inc payout

Fortis Inc Dividend History

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

Year Yield  CAD  Paypout  Shares* 

*In millions

Then you can see the evolution of Fortis Inc dividend stock, and compare it with the average of Canada stocks and that of the Electricity stocks.

Fortis Inc stock dividend history

Fortis Inc Stock performance

Finally, last moth Fortis Inc showed a return of -5.70% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a -8.50% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Electricity firms.

Fortis Inc stock and market return