Fortis (FTS) Raises Quarterly Dividend 5.9% to $0.45, 5.7% Yield; Announces New 5-Year Plan
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Fortis Inc. Provides New Five-year Outlook and Announces 5.9% Quarterly Dividend Increase
October 15, 2018 6:00 AM EDTHighlights
Five-year capital investment plan of $17.3 billion for 2019 through 2023, up $2.8 billion from the prior year's planAverage annual dividend growth target of 6% extended through 2023Fourth quarter 2018 dividend increase of 5.9%, marking 45 consecutive years of annual common share dividend payment increasesRegulated investments in grid modernization, delivery of cleaner energy and natural gas infrastructure drive growthST. JOHN'S, Newfoundland and Labrador, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today announced its five-year capital investment plan of $17.3... More
