Fortis Inc. Announces Third Quarter Dividends – 2024

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) has announced its third quarter dividends for 2024. The Board of Directors has declared dividends payable on September 1, 2024, to shareholders of record at the close of business on August 20, 2024. The dividend for common shares is set at $0.59 per share. Various preference shares will receive dividends ranging from $0.11469 to $0.402658 per share. All dividends are in Canadian dollars and have been designated as eligible dividends for federal and provincial dividend tax credit purposes. This announcement is incorporated as a "Designated News Release" in Fortis' prospectus supplement dated September 19, 2023.

Positive

• Consistent dividend payment demonstrates financial stability
• Dividends designated as eligible for tax credits, benefiting shareholders
• Diverse range of preference shares catering to different investor needs

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, July 30, 2024 (GLOBE NEWSWIRE) --

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.

The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on September 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on August 20, 2024:

• $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";
  
  
• $0.402658 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",
  
  
• $0.2445625 per share on the First Preference Shares, Series "M"; and,
  
  
• $0.59 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 $68 billion as at March 31, 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/63759e6e-7cd5-4ed1-b9ac-c52559c23a9a

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

What is the Fortis Inc. (FTS) common share dividend for Q3 2024?

Fortis Inc. (FTS) has declared a common share dividend of $0.59 per share for the third quarter of 2024.

When is the payment date for Fortis Inc. (FTS) Q3 2024 dividends?

The payment date for Fortis Inc. (FTS) third quarter 2024 dividends is September 1, 2024.

What is the record date for Fortis Inc. (FTS) Q3 2024 dividends?

The record date for Fortis Inc. (FTS) third quarter 2024 dividends is August 20, 2024, at the close of business.

Are Fortis Inc. (FTS) dividends eligible for tax credits?

Yes, Fortis Inc. (FTS) has designated the common share and preference share dividends as eligible for federal and provincial dividend tax credits.