Fortis First Preference Shares, Series F About To Put More Money In Your Pocket
On 11/18/19, Fortis Inc's First Preference Shares, Series F (TSX: FTS-PRF.TO) will trade ex-dividend, for its quarterly dividend of $0.3063, payable on 12/1/19. As a percentage of FTS.PRF's recent share price of $23.62, this dividend works out to approximately 1.30%, so look for shares of FTS.PRF to trade 1.30% lower — all else being equal — when FTS.PRF shares open for trading on 11/18/19. On an annualized basis, the current yield is approximately 5.19%.
As of last close, FTS.PRF was trading at a 5.52% discount to its liquidation preference amount. The chart below shows the one year performance of FTS.PRF shares, versus FTS:
Below is a dividend history chart for FTS.PRF, showing historical dividends prior to the most recent $0.3063 on Fortis Inc's First Preference Shares, Series F: