Fortis Inc. Announces Third Quarter Dividends - 2021
The Board of Directors of Fortis has declared dividends on its preference and common shares, all payable on September 1, 2021.
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 on its preference and common shares, all payable on September 1, 2021. The dividend amounts include $0.3063 per share for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.097734 for Series 'I', $0.2969 for Series 'J', $0.2455625 for Series 'K', $0.2445625 for Series 'M', and $0.505 for Common Shares. Shareholders of record as of August 19, 2021, will receive these dividends, designated as eligible for federal and provincial dividend tax credits.
Positive
- Dividend distributions confirm strong financial health, benefitting shareholders.
- $0.505 per common share dividend reflects company confidence in ongoing profitability.
Negative
- None.
Details
News Market Reaction – FTS
The recorded move for FTS in the trading session of this news was +0.40%.
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 28, 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 September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021;
$0.2745625 per share on the First Preference Shares, Series "G" of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021;
$0.11469 per share on the First Preference Shares, Series "H" of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021;
$0.097734 per share on the First Preference Shares, Series "I" of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021;
$0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021;
$0.2455625 per share on the First Preference Shares, Series "K" of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021;
$0.2445625 per share on the First Preference Shares, Series "M" of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021; and,
$0.505 per share on the Common Shares of the Corporation, payable on September 1, 2021 to the Shareholders of Record at the close of business on August 19, 2021.
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/67073bc6-cafb-4930-b818-f52e7cdf4292
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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