Fortis Inc. (TSE:FTS) announced a quarterly dividend on Thursday, December 7th, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.425 per share on Thursday, March 1st. This represents a $1.70 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 14th.

Shares of Fortis (TSE:FTS) traded up C$0.17 during trading hours on Friday, reaching C$47.44. The company had a trading volume of 461,260 shares, compared to its average volume of 823,721. Fortis has a 1 year low of C$40.18 and a 1 year high of C$48.73.

Several brokerages recently commented on FTS. J P Morgan Chase & Co boosted their target price on Fortis from C$47.00 to C$48.00 in a report on Thursday, October 19th. CIBC boosted their target price on Fortis from C$48.00 to C$49.00 in a report on Tuesday, October 17th. BMO Capital Markets set a C$51.00 target price on Fortis in a report on Friday, September 15th. Scotiabank boosted their target price on Fortis from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, National Bank Financial reissued a “sector perform” rating and set a C$49.00 target price (up previously from C$48.00) on shares of Fortis in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$49.00.

In other Fortis news, insider Earl Ludlow sold 35,056 shares of Fortis stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of C$46.45, for a total value of C$1,628,351.20. Also, Director Jamie Roberts sold 1,569 shares of Fortis stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of C$48.11, for a total transaction of C$75,484.59.

TRADEMARK VIOLATION WARNING: “Fortis Inc. (FTS) Declares $0.43 Quarterly Dividend” was posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at

Fortis Company Profile

Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.

Dividend History for Fortis (TSE:FTS)

Receive News & Ratings for Fortis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis Inc. and related companies with's FREE daily email newsletter.