|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||14.53 - 14.53|
|52-week range||13.00 - 15.85|
|Beta (5Y monthly)||0.20|
|PE ratio (TTM)||7.39|
|Forward dividend & yield||0.91 (6.25%)|
|Ex-dividend date||16 Nov 2023|
|1y target est||N/A|
Fortis (FTS) shares the details of its latest five-year capital expenditure plan, which is focused on improving the transmission business. It also approves an increase in the dividend rate.
Fortis Inc. (TSX/NYSE: NYSE:FTS) has announced a five-year capital plan of C$25.0 billion for the period of 2024 to 2028, marking an increase of C$2.7 billion from the previous five-year plan. This ambitious plan is expected to elevate the midyear rate base from C$36.8 billion in 2023 to C$49.4 billion by 2028, translating into a five-year compound annual growth rate of 6.3% on a constant foreign exchange basis.
The British Columbia Utilities Commission (BCUC) has issued its decision on Stage 1 of the generic cost of capital (GCOC) proceeding which determined the allowed return on equity (ROE) and approved capital structure for FortisBC Energy Inc (FEI) and FortisBC Inc. (FBC), a subsidiary of Fortis Inc. (TSX: FTS) (NYSE: FTS).