Fortis Inc. Announces Third Quarter Dividends – 2024
Fortis Inc. (TSX/NYSE: FTS) has announced its third quarter dividends for 2024.
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
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.
Details
News Market Reaction – FTS
The recorded move for FTS in the trading session of this news was +1.43%.
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 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
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 |
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