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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Fortis Inc. (FTS) pays a $2.54 annual dividend ($0.63 quarterly), yielding 3.32% at $55.76/share. Next ex-dividend date 2026-08-19. 10 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.32%
Annual Dividend: $2.54 per share
Payout Ratio: 74.6%
Ex-Dividend Date: 2026-08-19
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 38
Fortis Inc. dividend income comes from one of North America's largest regulated electric and gas utilities, serving customers across Canada, the United States, and the Caribbean. FTS currently yields 3.48%, with trailing twelve-month payments of $2.5350 per share paid quarterly, and the next ex-dividend date falls on August 19, 2026. With a beta of 0.409, this is a low-volatility utility stock, which suits income-focused investors who prioritize payment predictability over price appreciation.
Fortis Inc. pays out 74.6% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the nature of the business: regulated electric and gas distribution across multiple jurisdictions, serving over 1.1 million natural gas customers in British Columbia alone and hundreds of thousands of electricity customers in Alberta, Arizona, and Atlantic Canada, all of whom have little choice but to keep the lights on. Fortis Inc. dividend safety faces its main pressure from that same payout ratio sitting near the upper end of the elevated range, leaving limited room to absorb earnings shortfalls without affecting the dividend.
Fortis Inc. dividend history shows a CAGR of 3.1% per year from 2011 to 2025. Per-share payments grew from $1.1626 to $1.7725 over that period (2026 data is a partial year and excluded from the CAGR 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, the pace is slow, and that limits how much the income stream compounds over time.
| 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) |
FTS stock fits income-focused investors who want a low-volatility utility paying a moderate (2-4%) yield backed by regulated, essential-service revenue across multiple geographies. At 3.48%, the current yield sits below the 5-year average of 3.75%, meaning buyers today are getting slightly less income than the historical norm. The 74.6% payout ratio is elevated, so the dividend is not cheap to maintain, but the regulated utility model provides the kind of demand floor that supports it. The trade-off is clear: Fortis Inc. offers income with a low beta of 0.409, but dividend growth at 3.1% annually is modest, and the yield is not high enough to compensate investors who need maximum current income.
| 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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