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Ex-Dividend Reminder: Fortis, Avista and MMM

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As a percentage of FTS's recent stock price of $40.83, this dividend works out to approximately 1.45%, so look for shares of Fortis Inc to trade 1.45% lower — all else being equal — when FTS shares open for trading on 11/16/23. Similarly, investors should look for AVA to open 1.35% lower in price and for MMM to open 1.59% lower, all else being equal.

Below are dividend history charts for FTS, AVA, and MMM, showing historical dividends prior to the most recent ones declared.

Fortis Inc (NYSE:FTS):

Avista Corp (NYSE:AVA):

3M Co (NYSE:MMM):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.78% for Fortis Inc, 5.39% for Avista Corp, and 6.37% for 3M Co.

In Tuesday trading, Fortis Inc shares are currently up about 1.4%, Avista Corp shares are up about 2.4%, and 3M Co shares are up about 1.6% on the day.