Fortis Inc.
TSX : FTS

Fortis Inc.

March 02, 2011 11:51 ET

Fortis Inc. Announces Second Quarter Dividends-2011

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - March 2, 2011) - The Board of Directors of Fortis Inc. (the "Corporation") (TSX:FTS) has declared the following dividends:

  1. $0.340625 per share on the First Preference Shares, Series "C" of the Corporation, payable on June 1, 2011 to the Shareholders of Record at the close of business on May 13, 2011;
  1. $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on June 1, 2011 to the Shareholders of Record at the close of business on May 13, 2011;
  1. $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on June 1, 2011 to the Shareholders of Record at the close of business on May 13, 2011;
  1. $0.3281 per share on the First Preference Shares, Series "G" of the Corporation, payable on June 1, 2011 to the Shareholders of Record at the close of business on May 13, 2011;
  1. $0.2656 per share on the First Preference Shares, Series "H" of the Corporation, payable on June 1, 2011 to the Shareholders of Record at the close of business on May 13, 2011; and,
  1. $0.29 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on June 1, 2011 to the Common Shareholders of Record at the close of business on May 13, 2011.

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

Fortis Inc. is the largest investor-owned distribution utility in Canada, with total assets of $12.9 billion and fiscal 2010 revenue totalling approximately $3.7 billion. The Corporation serves approximately 2,100,000 gas and electricity customers. Its regulated holdings include electric distribution utilities in five Canadian provinces and three Caribbean countries and a natural gas utility in British Columbia. Fortis owns and operates non-regulated generation assets across Canada and in Belize and Upper New York State. It also owns hotels and commercial real estate across Canada.

The Common Shares, First Preference Shares, Series C; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G; and First Preference Shares, Series H of Fortis are traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C, FTS.PR.E, FTS.PR.F, FTS.PR.G and FTS.PR.H, respectively. Fortis information can be accessed at www.fortisinc.com or www.sedar.com.

Contact Information

  • Fortis Inc.
    Ms. Donna Hynes
    Manager, Investor Relations
    709-737-2800