Fortis Inc. Announces New $25 Billion Five Year Capital Outlook and 4.4% Increase in Fourth Quarter Dividend Marking 50 Years of Dividend Increases
ST. JOHN’S, Newfoundland and Labrador, Sept. 19, 2023 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2024-2028 outlook1.
Highlights2024-2028 capital plan of $25.0 billion, representing 6.3% rate base growth; up $2.7 billion from 2023-2027 five-year plan
Growth largely driven by investments in transmission in the U.S. Midwest and resource transition plan in Arizona
Fourth quarter common share dividend increasing by 4.4%, will mark 50 years of consecutive increases in dividends paid
Annual dividend growth guidance of 4-6% extended to 2028“Our Board of Directors declared a fourth quarter dividend representing a 4.4% increase that will mark 50 years of consecutive...
