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Fortis Inc. Announces Second Quarter Dividends – 2025

1. Fortis declares dividends payable on June 1, 2025. 2. Dividends include multiple preference shares and common shares. 3. Common share dividends are eligible for federal and provincial tax credits. 4. Fortis reported $12 billion revenue in 2023 and $70 billion in total assets. 5. Fortis serves customers in five provinces, ten U.S. states, and three Caribbean countries.

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Why Bullish?

The dividend declaration suggests stability and strong cash flow, positively influencing investor sentiment. Historically, consistent dividends lead to positive stock price trends.

How important is it?

The article discusses dividend declarations, crucial for income-focused investors. Fortis' robust revenue strengthens its dividend reliability, impacting investor confidence.

Why Short Term?

The immediate market response will be driven by the upcoming dividend payout date. Past trends indicate short-term positive movement around significant dividend announcements.

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This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on June 1, 2025 to the Shareholders of Record of the following Shares of the Corporation at the close of business on May 16, 2025: $0.3063 per share on the First Preference Shares, Series "F";$0.3826875 per share on the First Preference Shares, Series "G"; $0.11469 per share on the First Preference Shares, Series "H";$0.278016 per share on the First Preference Shares, Series "I";$0.2969 per share on the First Preference Shares, Series "J";$0.3418125 per share on the First Preference Shares, Series "K";$0.3433125 per share on the First Preference Shares, Series "M"; and,$0.615 per share on the Common Shares. The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes. All amounts are given in Canadian dollars unless otherwise indicated. About FortisFortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $70 billion as at September 30, 2024. The Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov. A .pdf version of this press release is available at:  http://ml.globenewswire.com/Resource/Download/19cc5271-ff04-4f60-9281-cf06268e31ff For more information, please contact: Investor EnquiriesMs. Stephanie AmaimoVice President, Investor RelationsFortis Inc.248.946.3572investorrelations@fortisinc.comMedia EnquiriesMs. Karen McCarthyVice President, Communications & Government RelationsFortis Inc.709.737.5323media@fortisinc.com

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