Fortis Inc Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   CAD per share 
 Price  45.51
 Dividend  1.80
 Earnings  -0.50
 Cash-flow  6.50
 Book value  30.34
 Equity  31.25

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 paid a total dividend of 769 million CAD last year, for a market value of 19,433 millions (Market Cap 19,273 millions). Dividend per share of Fortis Inc is 1.80 CAD, and his stock market price 45.51 CAD.

According to the chart below, where dividend yield is displayed, Fortis Inc has a dividend yield of 3.96%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Fortis Inc dividend yield with other Electricity companies or firms from Canada.

Dividend yield of Fortis Inc

Fortis Inc Dividend Payout

About the ability of Fortis Inc to maintain his current dividend of CAD 1.80 per share, an amount that accounts for 3.96%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Fortis Inc payout on ernings is currently -360.00%, which is lower than the market average and companies of Utilities industry, which are 40.41% and 52.21% respectively. Both figures lead us to believe that there is confidence that Fortis Inccan maintain his current dividend.

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 6.50 per share, which is higher than the dividend per share paid by the company of CAD 1.80, 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 Stock performance

Finally, last moth Fortis Inc showed a return of -1.40% compared to a worldwide -5.60% average, and a -0.45% of Utilities firms. Over the last year, the company obtained a -1.30% versus a worldwide performance of a -11.41%. More detailed information can be seen in the following graph for Canada and Electricity firms.

Fortis Inc stock and market return

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