Fortis Inc. Announces Third Quarter Dividends for 2024

ST. JOHN'S, Newfoundland and Labrador marked a significant day on July 30, 2024, as Fortis Inc. (TSX/NYSE: FTS, a leading utility company, announced its dividends for the third quarter of the year. As a message to investors and the market at large, this announcement also serves as a "Designated News Release." This specific designation refers back to a legal document, the prospectus supplement dated September 19, 2023, which itself builds upon the foundational document, Fortis' short form base shelf prospectus that has been in effect since November 21, 2022.

Dividend Declaration Details

The announcement by Fortis Inc. is not only an indicator of its financial health but also a focal point for current and potential shareholders who look for stable returns in the form of dividends. As a company deeply rooted in the North American energy sector, Fortis has consistently demonstrated its commitment to delivering shareholder value. The declaration of these dividends aligns with the company's long-established financial practices and strategies.

Company Profile: Fortis Inc.

Fortis Inc., headquartered in St. John's, Canada, is a behemoth in the utility space with operations stretching across Canada, the United States, and the Caribbean. The company is recognized for its gas and electric service provision, and has earned a reputation for reliability and a customer-centric approach in all its regions of operation. By maintaining a diverse geographical portfolio, Fortis continues to solidify its market position and mitigate risks associated with regional market fluctuations.

Fortis, Dividends, Utilities