Markets

Fortis' Preference Shares, Series F Crosses Above 5% Yield Territory

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Fortis Inc's First Preference Shares, Series F (TSX: FTS-PRF.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2252), with shares changing hands as low as $24.50 on the day. As of last close, FTS.PRF was trading at a 1.64% 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 dividend payments on Fortis Inc's First Preference Shares, Series F:

FTS.PRF+Dividend+History+Chart

In Wednesday trading, Fortis Inc's First Preference Shares, Series F (TSX: FTS-PRF.TO ) is currently down about 0.4% on the day, while the common shares (TSX: FTS.TO ) are off about 0.7%.

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.