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Fortis Inc. Announces Second Quarter Dividends – 2025

1. Fortis declared dividends payable on June 1, 2025, totaling various amounts per share. 2. Dividends include common shares at $0.615 and preference shares with variable rates. 3. These dividends are designated as eligible for federal and provincial tax credits.

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$44.8802/15 12:47 AM EDTLatest Updated
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FAQ

Why Bullish?

Dividends can enhance investor sentiment and attract income-focused investors. Past dividend announcements have positively impacted stock prices due to increased perceived reliability and revenue stability.

How important is it?

Dividend announcements are significant for utility companies like Fortis, indicating financial health. They provide direct returns to shareholders and may attract new investors, impacting stock performance.

Why Short Term?

The immediate effect of dividends typically boosts stock prices around the declaration date. Prior dividend declarations often show a temporary spike in stock prices due to investor interest.

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FTSFTS.TO
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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