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

Environment, Social and Governance (ESG) Ratings

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 -%
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