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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:

Performance Comparison Chart

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:

FTS.PRF+Dividend+History+Chart

In Thursday trading, Fortis Inc's First Preference Shares, Series F (TSX: FTS-PRF.TO) is currently off about 0.3% on the day, while the common shares (TSX: FTS.TO) are up about 1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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