Fortis First Preference Shares, Series F Ex-Dividend Reminder
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:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.