Fortis (FTS) Provides 5-Year Outlook; Raises Quarterly Dividend 6.2% to $0.425
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Fortis Inc. Provides New Five-Year Outlook and Announces 6.25% Quarterly Dividend Increase
October 16, 2017 6:00 AM EDTST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 10/16/17 -- Fortis Inc. (TSX: FTS)(NYSE: FTS)
Highlights
-- Five-year capital investment plan of approximately $14.5 billion for 2018 through 2022, up $1.5 billion from the prior year's plan -- Fourth quarter 2017 dividend increase of 6.25%, marking 44 consecutive years of annual common share dividend payment increases -- Average annual dividend growth target of 6% extended through 2022 -- Capital investment plan is mostly comprised of a diversified mix of highly executable, low-risk projectsFortis Inc. ("Fortis" or the "Corporation") (TSX: FTS)(NYSE:... More
