On 2/14/19, 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 3/1/19. As a percentage of FTS.PRF's recent share price of $22.54, this dividend works out to approximately 1.36%, so look for shares of FTS.PRF to trade 1.36% lower - all else being equal - when FTS.PRF shares open for trading on 2/14/19. On an annualized basis, the current yield is approximately 5.41%.
As of last close, FTS.PRF was trading at a 9.40% 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:
In Tuesday trading, Fortis Inc's First Preference Shares, Series F (TSX: FTS-PRF.TO ) is currently off about 0.5% on the day, while the common shares (TSX: FTS.TO ) are down about 0.4%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
