Fortis Inc. Announces Second Quarter Dividends – 2025

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) has announced its second quarter dividends for 2025. The Board of Directors has declared dividends payable on June 1, 2025, to shareholders of record as of May 16, 2025. The dividend schedule includes payments for various series of First Preference Shares, ranging from $0.11469 to $0.3826875 per share, and a common share dividend of $0.615.

The dividends have been designated as eligible for federal and provincial dividend tax credit purposes. All amounts are in Canadian dollars. This announcement is incorporated as a Designated News Release in the company's prospectus supplement dated December 9, 2024.

Positive

• Consistent dividend payment schedule maintained
• Common share dividend of $0.615 declared
• 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 December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.

ST. JOHN'S, Newfoundland and Labrador, Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on June 1, 2025 to the Shareholders of Record of the following Shares of the Corporation at the close of business on May 16, 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";
  
  
• $0.278016 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/19cc5271-ff04-4f60-9281-cf06268e31ff

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 Q2 2025 dividend?

Fortis will pay its Q2 2025 dividend on June 1, 2025, to shareholders of record as of May 16, 2025.

How much is Fortis (FTS) Q2 2025 common share dividend?

Fortis has declared a common share dividend of $0.615 per share for Q2 2025.

What is the record date for Fortis (FTS) Q2 2025 dividends?

The record date for Fortis Q2 2025 dividends is May 16, 2025.

Are Fortis (FTS) Q2 2025 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 $0.3826875 per share.