Fortis Inc. Announces Upcoming Shareholder Dividends
Fortis Inc. has officially declared dividends that are set to benefit its shareholders on March 1, 2025. This announcement is a key development for shareholders holding various classes of shares with specific dividends attached. The established record date for these dividends is February 18, 2025, marking an important date for anyone interested in receiving these payments.
Details of the Upcoming Dividends
The following dividends have been declared by Fortis Inc.:
- $0.3063 per share for First Preference Shares, Series 'F'
- $0.3826875 per share for First Preference Shares, Series 'G'
- $0.11469 per share for First Preference Shares, Series 'H'
- $0.313952 per share for First Preference Shares, Series 'I'
- $0.2969 per share for First Preference Shares, Series 'J'
- $0.3418125 per share for First Preference Shares, Series 'K'
- $0.3433125 per share for First Preference Shares, Series 'M'
- $0.615 per share for Common Shares
This clear breakdown provides shareholders with the necessary information to anticipate their returns. Furthermore, Fortis has designated these dividends as eligible for federal and provincial dividend tax credits, making them a potentially attractive option for investors.
Understanding Fortis Inc.'s Operations
Fortis Inc. stands out as a prominent entity in the North American electric and gas utility sector, with a remarkable track record. In recent reports, the company noted a revenue figure that reached around $12 billion in the last fiscal year, alongside total assets valued at approximately $70 billion. This robust financial standing highlights Fortis's effectiveness and reliability in serving its customers.
The Team Behind Fortis Inc.
With a talented workforce of around 9,600 dedicated employees, Fortis Inc. extends its service across five Canadian provinces, ten U.S. states, and even three Caribbean nations. This extensive reach is a testament to the company's commitment to delivering quality utilities to a diverse customer base.
Why Invest in Fortis Inc.?
Investing in Fortis Inc., traded under the ticker symbol FTS on both the TSX and NYSE, presents an appealing opportunity for shareholders. The declared dividends and the company's solid operational foundation make it an attractive choice for both seasoned investors and those new to the market. The combination of dependable dividend payments and the potential for growth within the utility sector invites consideration for anyone evaluating their investment options.
Frequently Asked Questions
What are the declared dividends by Fortis Inc.?
Fortis Inc. has declared multiple dividends ranging from $0.11469 to $0.615 per share depending on the series of preference shares.
When will the dividends be paid?
The dividends are scheduled to be paid on March 1, 2025, to shareholders of record as of February 18, 2025.
Are these dividends eligible for tax credits?
Yes, Fortis has designated these dividends as eligible for federal and provincial dividend tax credits.
Where can I find more information about Fortis Inc.?
Additional information can be found on Fortis's official website and their investor relations pages.
How can I contact Fortis for investor inquiries?
For investor inquiries, shareholders can reach out to Ms. Stephanie Amaimo, Vice President of Investor Relations, via phone or email.
