On 11/13/13, Fortis Inc.'s First Preference Shares, Series F (Toronto: FTS-PRF) will trade ex-dividend, for its quarterly dividend of $0.3063, payable on 12/1/13. As a percentage of FTS.PRF's recent share price of $23.65, this dividend works out to approximately 1.30%, so look for shares of FTS.PRF to trade 1.30% lower -- all else being equal -- when FTS.PRF shares open for trading on 11/13/13. On an annualized basis, the current yield is approximately 5.19%.
On 11/13/13, Fortis Inc.'s First Preference Shares, Series F (Toronto: FTS-PRF) will trade ex-dividend, for its quarterly dividend of $0.3063, payable on 12/1/13. As a percentage of FTS.PRF's recent share price of $23.65, this dividend works out to approximately 1.30%, so look for shares of FTS.PRF to trade 1.30% lower -- all else being equal -- when FTS.PRF shares open for trading on 11/13/13. On an annualized basis, the current yield is approximately 5.19%.
Share this Article
Comment on this Article
Recommended
Please to comment