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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Fortis Inc.    FTS   CA3495531079

FORTIS INC.

(FTS)
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Delayed Quote. Delayed Toronto Stock Exchange - 10/22 10:24:01 am
55.53 CAD   +0.95%
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Fortis Inc. : raises dividend by 6.1 per cent, increases capital spending plan

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09/10/2019 | 07:23am EDT

ST. JOHN'S, N.L.Fortis Inc. raised its dividend as it announced an increased capital investment plan.

The utility company says it will now pay a quarterly dividend of 47.75 cents per share, up from 45 cents.

Shares in Fortis will have an annual yield of 3.4 per cent based on its closing share price on Monday.

The increased payment to shareholders came as the company said it will spend $18.3 billion between 2020 and 2024, up $1 billion from the previous year's plan.

The company says most of the planned capital investments are at its regulated utility businesses.

Fortis has utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

Companies in this story: (TSX:FTS)

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Latest news on FORTIS INC.
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More news
Financials (CAD)
Sales 2019 8 933 M
EBIT 2019 2 635 M
Net income 2019 1 353 M
Debt 2019 25 085 M
Yield 2019 3,32%
P/E ratio 2019 17,8x
P/E ratio 2020 19,6x
EV / Sales2019 5,50x
EV / Sales2020 5,42x
Capitalization 24 026 M
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Technical analysis trends FORTIS INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 55,65  CAD
Last Close Price 55,01  CAD
Spread / Highest target 12,7%
Spread / Average Target 1,16%
Spread / Lowest Target -18,2%
EPS Revisions
Managers
NameTitle
Barry V. Perry President, Chief Executive Officer & Director
Douglas J. Haughey Non-Executive Chairman
Gary J. Smith EVP-Eastern Canadian & Caribbean Operations
Jocelyn H. Perry Chief Financial Officer & Executive Vice President
Ida J. Goodreau Independent Director
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