Fortis Inc. Announces First Quarter Dividends – 2025

Rhea-AI Summary

Fortis (TSX/NYSE: FTS) has announced its first quarter dividends for 2025, payable on March 1, 2025, to shareholders of record as of February 18, 2025. The dividend declaration includes payments for various series of First Preference Shares and Common Shares:

• First Preference Shares: Series F ($0.3063), Series G ($0.3826875), Series H ($0.11469), Series I ($0.313952), Series J ($0.2969), Series K ($0.3418125), and Series M ($0.3433125)
• Common Shares: $0.615

The company has designated both common share and preference share dividends as eligible for federal and provincial dividend tax credits. All amounts are in Canadian dollars.

Positive

• Consistent dividend payment schedule maintained
• Multiple share classes receiving dividend payments
• Dividends qualify for tax credits, benefiting shareholders

Negative

• None.

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.

ST. JOHN'S, Newfoundland and Labrador, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on March 1, 2025 to the Shareholders of Record of the following Shares of the Corporation at the close of business on February 18, 2025:

• $0.3063 per share on the First Preference Shares, Series "F";
  
  
• $0.3826875 per share on the First Preference Shares, Series "G";
  
  
• $0.11469 per share on the First Preference Shares, Series "H";
  
  
• $0.313952 per share on the First Preference Shares, Series "I";
  
  
• $0.2969 per share on the First Preference Shares, Series "J";
  
  
• $0.3418125 per share on the First Preference Shares, Series "K";
  
  
• $0.3433125 per share on the First Preference Shares, Series "M"; and,
  
  
• $0.615 per share on the Common Shares.
  

The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes. All amounts are given in Canadian dollars unless otherwise indicated.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $70 billion as at September 30, 2024. The Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.

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.sedarplus.ca, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bf76d275-7bd8-456e-94f9-92ba8251da38

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 & Government Relations Fortis Inc. 709.737.5323 media@fortisinc.com

FAQ

When will Fortis (FTS) pay its Q1 2025 dividend?

Fortis will pay its Q1 2025 dividend on March 1, 2025, to shareholders of record as of February 18, 2025.

How much is Fortis (FTS) Q1 2025 common share dividend?

Fortis's common share dividend for Q1 2025 is CAD $0.615 per share.

Are Fortis (FTS) dividends eligible for tax credits?

Yes, Fortis has designated both common share and preference share dividends as eligible for federal and provincial dividend tax credits.

What is the dividend amount for Fortis (FTS) First Preference Shares Series G?

The dividend for Fortis First Preference Shares Series G is CAD $0.3826875 per share.