Fortis Inc. Announces $0.3419 Weekly Dividend for Series K Preferred Shares
Fortis Inc. has declared a weekly dividend of $0.3419 per share for its 1st Preferred Series K shares (FTS.PR.K:CA). The dividend is scheduled to be paid on December 1, with the ex-dividend date and record date both set for November 17. In broader corporate developments, Fortis has outlined a significant five-year capital plan totaling $32.2 billion, targeting a 7.5% rate base compound annual growth rate (CAGR). The utility company also expects to extend its dividend growth trajectory of 4% to 6% through the year 2031.
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Topics: capital expenditure plan dividend declaration earnings transcript