Fortis Inc.
FTSUtilities · Stock · quarterly payer
Forward Yield
3.13%
Annual Dividend
$1.84
Payout Ratio
74%
5-Yr Growth
4.0%
Ex-Date
May 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Fortis Inc. (FTS) yields 3.13% ($1.84 per share annually), with a blended fair-value estimate of $47.13 — -20% downside, so it screens as overvalued. Dividend safety grade: B (68/100). 10 years of dividend growth.
Is FTS a good dividend stock?
Yes, with caveatsFortis Inc. (FTS) pays a quarterly dividend yielding 3.13% ($1.84/yr), with 10 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 10 consecutive years of dividend growth
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 3.13%
- Payout Ratio
- 74%
- Annual Dividend
- $1.84
- 5-Yr Avg Growth
- 4.0%
- Ex-Dividend Date
- May 15, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.43
- Market Cap
- $29.7B
- P/E Ratio
- 24.6
- 5-Yr Total Return
- 28%
- 52-Week Range
- $47.65 – $59.08
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
FTS Price — Last 12 Months
Daily close
Price Return
1 Year
+18%
3 Years
+50%
5 Years
+28%
52-Week Range
$47.65 – $59.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FTS worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Fortis Inc. is $47.13 per share, versus a market price of $58.78. That implies 20% of downside.
Fair Value
$47.13
Current Price
$58.78
Downside
-20%
Margin of Safety
-25%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 6.0% stage-1 growth, 2.5% terminal growth, $2.39 EPS, $1.84 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FTS Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.4670 | regular |
| Feb 17, 2026 | — | $0.4690 | regular |
| Aug 19, 2025 | — | $0.4450 | regular |
| May 16, 2025 | — | $0.4410 | regular |
| Feb 18, 2025 | — | $0.4340 | regular |
| Nov 18, 2024 | — | $0.4370 | regular |
| Aug 20, 2024 | — | $0.4330 | regular |
| May 16, 2024 | — | $0.4340 | regular |
| Feb 15, 2024 | — | $0.4360 | regular |
| Nov 16, 2023 | — | $0.4310 | regular |
| Aug 18, 2023 | — | $0.4170 | regular |
| May 16, 2023 | — | $0.4200 | regular |
| Feb 14, 2023 | — | $0.4240 | regular |
| Nov 16, 2022 | — | $0.4260 | regular |
Income Calculator
At $1.84 / yr per share
