Fortis' Preference Series H Shares Cross 4% Yield Mark

In trading on Friday, shares of Fortis Inc’s Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H (TSX: FTS-PRH.TO ) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.625), with shares changing hands as low as $15.55 on the day. As of last close, FTS.PRH was trading at a 37.04% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of FTS.PRH shares, versus FTS:

Performance Comparison Chart

Below is a dividend history chart for FTS.PRH, showing historical dividend payments on Fortis Inc’s Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H:

FTS.PRH+Dividend+History+Chart

In Friday trading, Fortis Inc’s Cumulative Redeemable Five Year Fixed Rate Reset First Preference Shares, Series H (TSX: FTS-PRH.TO ) is currently down about 1.2% on the day, while the common shares (TSX: FTS.TO ) are up about 0.4%.

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