Fortis Inc (FTS.TO)
Exchange: TO
Currency: CAD
Price: 60.07 (Close)
Summary
52 Week range | 200d Moving Avg. | Beta |
51.69 – 61.74 | 57.48 | 0.10 |
Dividend | Dividend Yield | Ex-Dividend date |
2.11 | 3.51% | 2022-05-16 |
P/E Ratio | Latest EPS | DGR 3 years |
23.02 | 2.61 | 5.92% |
Near Fair Value
Low
Very low Volatility
High
Slow
Dividend Growth
Fast
Profile
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John’s, Canada.
Sector: | Industry: | |
Utilities | Utilities—Regulated Electric | |
Total ESG Score
31 – 56 percentile
Environment
14 – 3 percentile
Social
9 – 3 percentile
Governance
6 – 3 percentile
Controversy level
2
MSCI ESG-Rating
n.a.
see MSCI ESG rating explained
Dividend Safety Metrics
Latest EPS | 2.61 | |
Annual Payout | 2.11 | |
Payout Ratio | 80.84% | |
Dividend growth | 46 Years | |
Dividend Score | 0 | |
Dividend Coverage Ratio | 1.24 | |
Altman-Z score | 0.00 |
Fortis Inc (FTS.TO) Valuation
Fortis Inc’s current dividend yield of 3.51% is -1% below its 5-year average. The 5-year average dividend yield is 3.56% (see red-line in chart). This indicates the stock looks reasonably valued today.
Fortis Inc (FTS.TO) Performance
The chart below displays the total price return(%) of Fortis Inc for different periods:
Fortis Inc (FTS.TO) Total Return
The chart below displays the (CAGR) total return (%) including all dividends paid of Fortis Inc for different periods:
Dividend Scorecard
Dividend Yield (TTM) | Annual Payout | Payout Ratio | Dividend growth |
3.51 | 2.11 | 80.84% | 46 Years |
Dividend Growth Summary
3 Year Growth Rate (CAGR) | 5.92% |
5 Year Growth Rate (CAGR) | 6.10% |
10 Year Growth Rate (CAGR) | 5.86% |
Dividend Growth Rates History
Year | Payout Amount | Annual Payout Growth (YoY) |
---|---|---|
2022 | 0.535 | -73.9% |
2021 | 2.050 | 5.8% |
2020 | 1.938 | 6.0% |
2019 | 1.828 | 5.9% |
2018 | 1.725 | 6.2% |
2017 | 1.625 | 6.6% |
2016 | 1.525 | 9.3% |
2015 | 1.395 | 9.0% |
2014 | 1.280 | 3.2% |
2013 | 1.240 | 3.3% |
2012 | 1.200 | 3.4% |
2011 | 1.160 | 3.6% |
2010 | 1.120 | 7.7% |
2009 | 1.040 | 4.0% |
2008 | 1.000 | 22.0% |
Fortis Inc (FTS.TO) Dividend Payment History