Fortis Inc. Declares Significant Dividends for Shareholders
Fortis Inc. Announces Third Quarter Dividends
Fortis Inc. has recently taken notable steps to enhance shareholder value as it declares its upcoming dividends for the third quarter. These dividends, set to be distributed on a specific date, are a crucial part of Fortis' commitment to its shareholders, reflecting the company’s continued success in the regulated utility sector.
Dividends Declared for Shareholders
The Board of Directors at Fortis Inc. (TSX/NYSE: FTS) has declared several dividends, effective September 1. These dividends are payable to shareholders of record as of the close of business on August 19. Here’s a detailed breakdown of the dividends:
- $0.3063 per share on the First Preference Shares, Series "F";
- $0.3826875 per share on the First Preference Shares, Series "G";
- $0.26144 per share on the First Preference Shares, Series "H";
- $0.258545 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.
These dividend amounts reflect Fortis's dedication to maximizing shareholder returns while navigating the competitive utilities landscape.
Tax Designations for Dividends
Importantly, the shareholders can take advantage of the eligible dividend designation for both common and preferred shares. This classification is beneficial for federal and provincial dividend tax credits, offering financial incentives that further enhance the attractiveness of holding Fortis shares.
Insight into Fortis Inc.
Fortis is recognized as a diversified leader in the North American electric and gas utility industry, boasting an impressive $12 billion in revenue and total assets worth around $75 billion as of March 31. The company’s workforce, consisting of approximately 9,800 employees, effectively serves utility customers across five Canadian provinces, ten U.S. states, and three Caribbean nations.
Robust Market Presence
As one of the largest publicly traded utilities in North America, Fortis’s operational breadth ensures stable service and support for millions of customers. This extensive reach not only cements its status within the industry but also highlights its importance in energy provision.
Investment in Sustainable Growth
Fortis remains committed to sustainability initiatives, investing in infrastructure and technologies that support renewable energy and environmental stewardship. This proactive approach resonates with investors who prioritize responsible corporate practices and sustainability.
How to Learn More About Fortis Inc.
For those interested in understanding the broader impacts of Fortis's operations and to stay updated with company news, resources are readily available through their corporate website and other platforms where they maintain transparency regarding their business practices and financial health, ensuring that information concerning stock performance and corporate strategies is accessible to investors.
Contact Information
Fortis encourages outreach for any inquiries regarding its operations or dividends through the respective departments:
- 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 dividends has Fortis Inc. declared?
Fortis has declared dividends for various preference shares and common shares, with the amounts detailed in the announcement.
When will the dividends be paid?
The declared dividends are scheduled for payment on September 1 to the shareholders of record by August 19.
What tax benefits are associated with Fortis dividends?
Fortis's dividends are categorized as eligible dividends, allowing shareholders to benefit from federal and provincial dividend tax credits.
How many employees does Fortis have?
Fortis employs approximately 9,800 individuals across its operations in various regions.
Where can I find more information about Fortis?
Additional information can be accessed through the Fortis corporate website and other informative platforms related to their financial performance and corporate governance.
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