Fortis Inc-Canada Reports Stable Earnings Predictions

Fortis Inc-Canada, a gas and electric distribution company, has experienced fluctuations in its stock price in recent times. The company’s shares have seen a moderate increase in value, but the pace of growth has slowed down.

Earnings Per Share (EPS) Predictions

Analysts’ predictions for the company’s EPS for the latest quarter are relatively stable, with a slight increase compared to the same period last year. The predicted EPS is as follows:

• Q1 2024: $0.85 per share (up 3.7% from Q1 2023)
• Q2 2024: $0.92 per share (up 4.3% from Q2 2023)

Factors Influencing Financial Performance

The company’s financial performance is expected to be influenced by various factors, including:

• Changes in market conditions
• Regulatory policies
• Economic trends

Dividend Payments and Financial Position

Despite these uncertainties, Fortis Inc-Canada remains a core holding for Canadian income investors due to its stable dividend payments and strong financial position. The company’s dividend payment history is as follows:

• Current dividend yield: 4.2%
• Dividend growth rate: 5% per annum over the past 5 years