Fortis Inc Dividend yield




   CAD/share 
 Price  61.83
 Dividend  2.14
 Earnings  3.03
 Cash-flow  6.18
 Book value  38.64
 Equity  36.95

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 1,004 million CAD last year, for a market value of 28,998 millions (Market Cap 28,996 millions). Dividend per share of Fortis Inc is 2.14 CAD, and his stock market price 61.83 CAD.

According to the chart below, where dividend yield is displayed, Fortis Inc has a dividend yield of 3.46%, 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 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 2.14 per share, an amount that accounts for 3.46%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Fortis Inc payout on ernings is currently 70.63%, which is higher than the market average, and companies of Utilities industry, which are 38.25% and 54.88% 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 6.18 per share, which is higher than the dividend per share paid by the company of CAD 2.14, 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

Year Yield  CAD  Paypout  Shares* 
Present3.46%2.1470.63%469
20213.51%2.1474.05%469
20203.88%2.0252.06%464
20194.23%2.2883.21%436
20183.96%1.80-360.00%427
20173.69%1.70101.80%416
20164.00%1.6078.05%397
20154.07%1.50102.04%278

*In millions

Fortis Inc Stock performance

Finally, last moth Fortis Inc showed a return of 6.50% compared to a worldwide 1.12% average, and a 2.24% of Utilities firms. Over the last year, the company obtained a 13.40% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Canada and Electricity firms.

Fortis Inc stock and market return