Fortis Inc. Announces Third Quarter Dividends - 2022
The Board of Directors of Fortis Inc. (TSX/NYSE: FTS) announced dividends for multiple share series, payable on September 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 Inc. (TSX/NYSE: FTS) announced dividends for multiple share series, payable on September 1, 2022. The declared amounts are as follows: $0.3063 for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.178077 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 of record as of August 19, 2022, will benefit from these payments. The dividends are designated as eligible for federal and provincial tax credits.
Positive
- Regular dividend payments indicate company stability and shareholder returns.
- Total dividends declared amount to substantial payments for common and preference shares, reflecting financial health.
Negative
- None.
Details
News Market Reaction – FTS
The recorded move for FTS in the trading session of this news was -0.34%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ST. JOHN'S, Newfoundland and Labrador, July 27, 2022 (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 September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022;
$0.2745625 per share on the First Preference Shares, Series "G" of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022;
$0.11469 per share on the First Preference Shares, Series "H" of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022;
$0.178077 per share on the First Preference Shares, Series "I" of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022;
$0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022;
$0.2455625 per share on the First Preference Shares, Series "K" of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022;
$0.2445625 per share on the First Preference Shares, Series "M" of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022; and,
$0.535 per share on the Common Shares of the Corporation, payable on September 1, 2022 to the Shareholders of Record at the close of business on August 19, 2022.
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 2021 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/1ec71d22-58af-4277-8732-5406a9fc8df4
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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