Markets

Fortis' Preference Shares, Series J Cross 5% Yield Mark

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Fortis Inc's CUMULATIVE REDEEMABLE FIRST PREFERENCE SHARES, SERIES J (TSX: FTS-PRJ.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.1876), with shares changing hands as low as $23.75 on the day. As of last close, FTS.PRJ was trading at a 3.56% discount to its liquidation preference amount.

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

Performance Comparison Chart

Below is a dividend history chart for FTS.PRJ, showing historical dividend payments on Fortis Inc's CUMULATIVE REDEEMABLE FIRST PREFERENCE SHARES, SERIES J:

FTS.PRJ+Dividend+History+Chart

In Wednesday trading, Fortis Inc's CUMULATIVE REDEEMABLE FIRST PREFERENCE SHARES, SERIES J (TSX: FTS-PRJ.TO ) is currently down about 1.3% on the day, while the common shares (TSX: FTS.TO ) are down about 1.5%.

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.