Fortis Inc. Declares Dividends for First Preference Shares
Fortis Inc. Declares Dividends for First Preference Shares
Fortis Inc. recently announced an important update regarding dividends, highlighting its commitment to shareholder returns. The Board of Directors has confirmed that dividends will be payable on June 1, 2025, for shareholders of record as of May 16, 2025. This decision reflects the company's ongoing dedication to its shareholders and the stability of its financial operations.
Details of Dividend Announcements
The declared dividends cover a range of preference shares and common shares, showing the company's robust financial standing. Shareholders can expect the following dividends:
- $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";
- $0.278016 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";
- $0.3433125 per share on the First Preference Shares, Series "M";
- $0.615 per share on the Common Shares.
Tax Benefits and Financial Overview
Fortis has designated both the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes, benefiting shareholders in return on their investments. All stated amounts are in Canadian dollars, indicating the company’s ongoing operations within Canada's financial system.
As one of North America's leaders in the electric and gas utility sector, Fortis has established a robust financial profile. For the fiscal year 2023, the corporation recorded impressive revenues of $12 billion, supported by total assets amounting to $70 billion as of September 30, 2024. The strength of Fortis shows a well-managed utility, with a focus on long-term sustainability-focused growth.
About Fortis Inc.
Fortis is a well-diversified organization serving utility customers across five Canadian provinces, ten U.S. states, and three Caribbean nations. The company employs around 9,600 team members who work relentlessly to ensure reliable service and infrastructure improvements. Investment in modern energy solutions and commitment to customer service remain key priorities for Fortis.
Fortis shares are traded on both the TSX and NYSE under the ticker symbol FTS, making it accessible for global investors looking to bet on dependable utility firms. This access offers an opportunity for both Canadian and international investors to participate in the company's growth trajectory.
Contact Information
For further inquiries, Fortis encourages stakeholders to connect with their investor and media relations teams. The relevant contacts include:
Investor Enquiries
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
Phone: 248.946.3572
Email: investorrelations@fortisinc.com
Media Enquiries
Ms. Karen McCarthy
Vice President, Communications & Government Relations
Fortis Inc.
Phone: 709.737.5323
Email: media@fortisinc.com
Frequently Asked Questions
What is the purpose of the announced dividends by Fortis Inc.?
The dividends serve to reward shareholders and affirm the company's commitment to returning value on their investments.
When will the dividends be paid?
Dividends are set to be paid on June 1, 2025, to shareholders of record as of May 16, 2025.
What types of shares are receiving dividends?
Dividends have been declared for First Preference Shares and Common Shares, indicating a broad commitment to various classes of investors.
How does Fortis Inc. benefit shareholders with eligible dividends?
Eligible dividends provide tax credits at both the federal and provincial levels, offering additional financial advantages to shareholders.
What is the financial status of Fortis Inc.?
Fortis reported revenue of $12 billion in 2023, alongside total assets of $70 billion as of September 30, 2024, highlighting a robust and stable financial position.
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