On 5/16/16, Fortis Inc. (Toronto: FTS) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/1/16. As a percentage of FTS's recent stock price of $40.66, this dividend works out to approximately 0.92%, so look for shares of Fortis Inc. to trade 0.92% lower — all else being equal — when FTS shares open for trading on 5/16/16.
Below is a dividend history chart for FTS, showing historical dividends prior to the most recent $0.375 declared by Fortis Inc.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FTS is likely to continue, and whether the current estimated yield of 3.69% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of FTS shares, versus its 200 day moving average:
Looking at the chart above, FTS's low point in its 52 week range is $34.16 per share, with $41.58 as the 52 week high point — that compares with a last trade of $40.76.
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FTS makes up 1.97% of the SPDR S&P International Utilities Sector ETF (AMEX: IPU)
In Thursday trading, Fortis Inc. shares are currently up about 0.1% on the day.
