Welcome to our dedicated page for Fortis Common Shares news (Ticker: FTS), a resource for investors and traders seeking the latest updates and insights on Fortis Common Shares stock.
Fortis Inc. (symbol: FTS) is a prominent player in the North American electric and gas utility sector. With total assets of approximately $28 billion and a revenue of $5.4 billion for the fiscal year 2014, Fortis Inc. has cemented its position as a leader in the industry. The company provides regulated utility services to over 3 million customers across Canada, the United States, and the Caribbean.
Fortis operates eight key utility transmission and distribution subsidiaries across North America, serving more than 3.4 million electricity and gas customers. These subsidiaries are integral to the company's mission of delivering reliable energy. In the United States, subsidiary ITC Holdings Corp operates in seven states, managing over 16,000 miles of high-voltage transmission lines.
In addition to its significant presence in the electricity and gas distribution industry, Fortis also holds investments in electricity generation and various Caribbean utilities. The company's strategic approach to expansion and infrastructure development has further solidified its footprint in the utility sector.
The latest updates from Fortis include forward-looking statements on its projects and financial conditions, sourced from Tucson Electric Power and UniSource Energy Services. These updates can be found in their designated news releases, accessible through their official website and other financial information platforms like SEDAR and SEC.
Fortis Inc. shares are listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS, reflecting their stability and growth potential in the global market.
Fortis Inc. (TSX/NYSE: FTS) has appointed Gary Smith as Executive Vice President, Operations and Innovation, effective January 1, 2022. Smith has been with Fortis for three decades, previously overseeing Eastern Canadian and Caribbean operations. He will enhance the corporation's safety culture and lead innovation efforts, while also managing cybersecurity functions and ensuring operational reliability. Fortis reported $8.9 billion in revenue for 2020 and maintains a diverse presence in the North American utility sector, servicing customers in several regions.
The Board of Directors of Fortis has declared dividends for its shareholders, effective March 1, 2022. The dividends include $0.3063 per share for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.098384 for Series 'I', $0.2969 for Series 'J', $0.2455625 for Series 'K', $0.2445625 for Series 'M', and $0.535 for Common Shares. Shareholders must be on record by February 15, 2022, to receive these dividends. Additionally, all declared dividends are eligible for federal and provincial dividend tax credits.
Fortis Inc. reported third-quarter net earnings of $295 million, maintaining earnings per share at $0.63, consistent with the prior year. The company outlined a $20 billion capital investment plan for 2022-2026, poised to enhance rate base growth by 6%. A ~6% dividend increase reflects 48 consecutive years of growth, reaffirming the dividend growth guidance through 2025. Notably, year-to-date net earnings rose to $903 million, despite challenges from foreign exchange rates and cooler weather in Arizona. Fortis aims for a 75% reduction in carbon emissions by 2035.
Fortis Inc. (TSX/NYSE: FTS) will announce its third quarter 2021 financial results and a new five-year capital outlook for 2022-2026 on October 29, 2021. A teleconference at 8:30 a.m. (Eastern) will feature discussions by CEO David Hutchens and CFO Jocelyn Perry. Interested parties can participate via a toll-free number or an international line. Archived audio of the event will be available on the Fortis website. In 2020, the company reported revenues of $8.9 billion and total assets of $56 billion.
Fortis Inc. (TSX/NYSE: FTS) will announce its third quarter 2021 financial results and a new five-year capital outlook for 2022-2026 on October 29, 2021. The teleconference will begin at 8:30 a.m. Eastern, featuring CEO David Hutchens and CFO Jocelyn Perry. Interested parties can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). Fortis reported $8.9 billion in revenue for 2020, with total assets of $56 billion as of June 30, 2021, serving customers across five provinces, nine states, and three Caribbean countries.
Fortis Inc. (TSX/NYSE: FTS) announced a $0.535 common share dividend, reflecting a 6% increase, scheduled for December 1, 2021. This increase marks the company's 48 consecutive years of rising dividends, aligning with its guidance of 6% average annual growth through 2025. Preference share dividends were also declared, with payments due on the same date. Fortis, a leader in the North American utility sector, reported $8.9 billion in revenue for 2020 and assets of $56 billion as of June 30, 2021.
Fortis Inc. (TSX/NYSE: FTS) announced the retirement of Jim Laurito, Executive Vice President of Business Development and Chief Technology Officer, effective December 31, 2021. He is succeeded by Stuart Lochray as Senior Vice President, Capital Markets and Business Development, starting September 8, 2021. David Hutchens, President and CEO, recognized Laurito's contribution and welcomed Lochray, noting his 18 years of experience in finance and investment banking, particularly in the power and utilities sector. Fortis reported revenue of $8.9 billion in 2020 and possesses total assets of $56 billion.
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