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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Fortis Inc. (FTS) pays a $2.56 annual dividend, yielding 3.35% at $55.26/share. Next ex-dividend date 2026-08-19. 10 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.35%
Annual Dividend: $2.56 per share
Payout Ratio: 50.2%
Ex-Dividend Date: 2026-08-19
Sector: Utilities
Years of Dividend History: 38
Fortis Inc. dividend has been a fixture of North American utility income for decades, backed by electricity and natural gas operations spanning Canada, the United States, and the Caribbean. FTS currently yields 3.35%, with a trailing annual dividend rate of $2.56 per share. The next ex-dividend date is August 19, 2026. With a beta of 0.414, this is a low-volatility utility stock that suits income-focused investors who prioritize predictability over price swings.
Fortis Inc. pays out 50.2% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level is supported by the essential nature of its services: FTS delivers electricity and natural gas to roughly 1.065 million natural gas customers in British Columbia alone, plus hundreds of thousands more across Alberta, Newfoundland, Arizona, and the Caribbean, creating recurring demand that underpins the payout. Fortis Inc. dividend safety is further reinforced by the regulated nature of its utility operations, though the company's geographic breadth across multiple regulatory jurisdictions means any adverse rate decision in a key market could pressure earnings.
Fortis Inc. dividend history shows a CAGR of 3.1% per year from 2011 to 2025. The per-share annual dividend grew from $1.1626 to $1.7725 over that period (2026 data is partial and excluded from this calculation). The largest annual increase in the window was 11.5% in 2021, though the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. At 3.1% annually, dividend growth is slow, and income investors relying on FTS for purchasing-power protection should weigh that rate against their inflation expectations.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.0% | $1.67 (2022) | $1.77 (2025) |
| 5-Year | +4.1% | $1.45 (2020) | $1.77 (2025) |
| 10-Year | +4.4% | $1.15 (2015) | $1.77 (2025) |
Fortis Inc. stock fits income-focused investors who want a regulated utility paying a moderate (2-4%) yield with a low-volatility profile. At 3.35%, the current yield sits above the 5-year average of 3.07%, meaning buyers today are locking in a slightly better entry yield than the historical norm. The 50.2% payout ratio leaves room for continued increases without straining the business. The trade-off is growth: 3.1% annual dividend growth is not fast, and investors who need their income to outpace inflation meaningfully will find that limiting. What FTS offers is a low-beta utility with broad geographic diversification and a payout that the current earnings base supports.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-19 | $0.4630 |
| 2026-05-15 | $0.4654 |
| 2026-02-17 | $0.4677 |
| 2025-11-17 | $0.4562 |
| 2025-08-19 | $0.4437 |
| 2025-05-16 | $0.4396 |
| 2025-02-18 | $0.4330 |
| 2024-11-18 | $0.4388 |
| 2024-08-20 | $0.4328 |
| 2024-05-16 | $0.4331 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.3961 |
| 2025 | $1.7725 |
| 2024 | $1.7428 |
| 2023 | $1.6878 |
| 2022 | $1.6696 |
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