Markets

Fortis' Preference Shares, Series H Yield Pushes Past 5.5%

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, 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 5.5% mark based on its quarterly dividend (annualized to $0.625), with shares changing hands as low as $11.32 on the day. As of last close, FTS.PRH was trading at a 54.08% 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:

Performance Comparison Chart

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:

FTS.PRH+Dividend+History+Chart

In Wednesday trading, Fortis Inc.'s Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H (TSX: FTS-PRH.TO ) is currently off about 1.4% on the day, while the common shares (TSX: FTS.TO ) are down about 0.1%.

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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