Fortis Inc. Announces Second Quarter Dividends - 2021

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) announced dividends for its shareholders, effective June 1, 2021. The dividends include:

• $0.3063 on Series 'F'
• $0.2745625 on Series 'G'
• $0.11469 on Series 'H'
• $0.094899 on Series 'I'
• $0.2969 on Series 'J'
• $0.2455625 on Series 'K'
• $0.2445625 on Series 'M'
• $0.505 on Common Shares

All dividends are payable to shareholders of record as of May 17, 2021. The dividends are designated as eligible for tax credit purposes.

Positive

• Dividends declared provide consistent income for shareholders, enhancing their returns.
• The designation of dividends as eligible for tax credits may attract more investors.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Feb. 11, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

1. $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021;
    
2. $0.2745625 per share on the First Preference Shares, Series "G" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021;
    
3. $0.11469 per share on the First Preference Shares, Series "H" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021;
    
4. $0.094899 per share on the First Preference Shares, Series "I" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021;
    
5. $0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021;
    
6. $0.2455625 per share on the First Preference Shares, Series "K" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021;
    
7. $0.2445625 per share on the First Preference Shares, Series "M" of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021; and
    
8. $0.505 per share on the Common Shares of the Corporation, payable on June 1, 2021 to the Shareholders of Record at the close of business on May 17, 2021.

The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $56 billion as at September 30, 2020. The Corporation's 9,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

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.sedar.com or www.sec.gov.

A .pdf version of this press release is available at: 
http://ml.globenewswire.com/Resource/Download/d7ffa607-e7d3-449c-9840-0d0af36493c9 

For more information, please contact
Investor Enquiries:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
samaimo@fortisinc.com

Media Enquiries:
Ms. Karen McCarthy
Vice President, Communications & Corporate Affairs
Fortis Inc.
709.737.5323
media@fortisinc.com 

FAQ

What is the dividend amount declared by Fortis Inc. for common shares?

Fortis Inc. declared a dividend of $0.505 per common share.

When will the dividends be paid to shareholders of Fortis Inc.?

The dividends will be paid on June 1, 2021.

What is the record date for Fortis Inc. dividends?

The record date for the dividends is May 17, 2021.

Are the dividends from Fortis Inc. subject to tax credits?

Yes, the dividends are designated as eligible for federal and provincial dividend tax credits.

What are the different preference share dividends declared by Fortis Inc.?

The declared dividends for preference shares range from $0.094899 to $0.3063 depending on the series.