Fortis is a holding company. Through its subsidiaries, Co. is engaged in the regulated electric and gas utility industry. Co.'s regulated utility businesses include ITC Holdings Corp. together with all of its subsidiaries, which consists mainly of electric transmission operations. ITC's subsidiaries own and operate high-voltage electric transmission systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to ITC's transmission systems. Co.'s non-regulated energy infrastructure includes a natural gas storage facility in British Columbia. The FTS stock yearly return is shown above.
The yearly return on the FTS stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2023 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the FTS annual return calculation with any dividends reinvested as applicable (on ex-dates).
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