Fortis Inc. Announces First Quarter Dividends - 2022
The Board of Directors of Fortis has declared dividends for its shareholders, effective March 1, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of Fortis has declared dividends for its shareholders, effective March 1, 2022. The dividends include $0.3063 per share for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.098384 for Series 'I', $0.2969 for Series 'J', $0.2455625 for Series 'K', $0.2445625 for Series 'M', and $0.535 for Common Shares. Shareholders must be on record by February 15, 2022, to receive these dividends. Additionally, all declared dividends are eligible for federal and provincial dividend tax credits.
Positive
- Dividends declared on multiple preference share classes and common shares, indicating financial stability.
- Common share dividend of $0.535 enhances income for shareholders.
Negative
- None.
Details
News Market Reaction – FTS
The recorded move for FTS in the trading session of this news was -0.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ST. JOHN'S, Newfoundland and Labrador, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:
$0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022;
$0.2745625 per share on the First Preference Shares, Series "G" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022;
$0.11469 per share on the First Preference Shares, Series "H" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022;
$0.098384 per share on the First Preference Shares, Series "I" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022;
$0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022;
$0.2455625 per share on the First Preference Shares, Series "K" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022;
$0.2445625 per share on the First Preference Shares, Series "M" of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022; and,
$0.535 per share on the Common Shares of the Corporation, payable on March 1, 2022 to the Shareholders of Record at the close of business on February 15, 2022.
The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.
About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2020 revenue of
Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.
A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/ac4178be-3da7-4ea3-89e4-de20733d77e0
For more information, please contact
Investor Enquiries:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
investorrelations@fortisinc.com
Media Enquiries:
Ms. Karen McCarthy
Vice President, Communications & Corporate Affairs
Fortis Inc.
709.737.5323
media@fortisinc.com
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