Fortis' Preference Series H Shares Cross 4% Yield Mark

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In trading on Friday, shares of Fortis Inc's Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H (TSX: FTS-PRH.TO ) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.625), with shares changing hands as low as $15.55 on the day. As of last close, FTS.PRH was trading at a 37.04% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of FTS.PRH shares, versus FTS:

Below is a dividend history chart for FTS.PRH, showing historical dividend payments on Fortis Inc's Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H:

In Friday trading, Fortis Inc's Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H (TSX: FTS-PRH.TO ) is currently down about 1.2% on the day, while the common shares (TSX: FTS.TO ) are up about 0.4%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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.

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