1
Derived from payout historyIncome reliability
Quarterly income profile is visible
FTS.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
FTS.TO
Fortis
UtilitiesPlain dividendQuarterly
Market Snapshot
$81.29
+$0.74 (91.87%)
Toronto
Yield
3.12%
Rate $2.54
Next Payment
Payment date passed
Ex-date 2026-05-15
52wk Position
98.78%
-0.27% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $63.50
- APR
- 0.781
- Coverage
- 0.781
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $63.50
- Cushion
- -$17.79
- Cushion %
- -21.88%
Current $81.29Break $63.50
Smart Recommendation
FTS.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
1mo agoDRIP availability
Available
1mo agoTax character
Eligible dividend
1mo agoDistribution history
Multi-decade
1mo agoStructure complexity
Simple
1mo agoIncome trend
Growing
1mo agoAccount suitability
Non-reg: eligible div
1mo agoStructure Overview
Fortis Inc. (FTS) is one of the largest regulated utilities in North America, operating in Canada, the United States, and the Caribbean. FTS has increased its dividend every year for over 50 consecutive years, one of the longest growth streaks among Canadian dividend-growth stocks. The regulated rate-base model provides highly visible, low-volatility cash flows.
Canadian Planning Notes
- 1Fortis's 50+ year consecutive dividend growth record is a reference benchmark for Canadian income investors planning around DRIP durability.
- 2Eligible dividends qualify for the tax credit; the U.S. subsidiary revenues introduce some CAD/USD variability in reported earnings but not in the CAD dividend.
- 3DRIP is available; Fortis has historically allowed a small discount on reinvested shares through its issuer-sponsored plan.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.