Fortis Inc.
TSX : FTS

Fortis Inc.

February 17, 2016 11:26 ET

Fortis Inc. Announces Second Quarter Dividends-2016

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 17, 2016) -

The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) has declared the following dividends:

  1. $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  2. $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  3. $0.2427 per share on the First Preference Shares, Series "G" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  4. $0.15625 per share on the First Preference Shares, Series "H" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  5. $0.1206875 per share on the First Preference Shares, Series "I" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  6. $0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  7. $0.2500 per share on the First Preference Shares, Series "K" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016;

  8. $0.25625 per share on the First Preference Shares, Series "M" of the Corporation, payable on 1 June 2016 to the Shareholders of Record at the close of business on 18 May 2016; and,

  9. $0.375 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on 1 June 2016 to the Common Shareholders of record at the close of business on 18 May 2016.

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

Fortis is a leader in the North American electric and gas utility business, with total assets of approximately $29 billion and fiscal 2014 revenue of $5.4 billion. The Corporation's asset mix is approximately 96% regulated (70% electric, 26% gas), with the remaining 4% comprised of long-term contracted hydroelectric operations. The Corporation's regulated utilities serve more than 3 million customers across Canada and in the United States and the Caribbean.

The Common Shares; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G; First Preference Shares, Series H; First Preference Shares, Series I; First Preference Shares, Series J; First Preference Shares, Series K; and First Preference Shares, Series M of Fortis are listed on the Toronto Stock Exchange and trade under the symbols FTS, FTS.PR.E, FTS.PR.F, FTS.PR.G, FTS.PR.H, FTS.PR.I, FTS.PR.J, FTS.PR.K and FTS.PR.M, respectively. Fortis information can be accessed on the Corporation's website at www.fortisinc.com and on SEDAR at www.sedar.com.

Contact Information

  • Angela Doyle
    Investor Analyst
    Fortis Inc.
    709.737.2800