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Fortis Reports $409-Million Third-Quarter Profit, Raises Dividend
- Fortis Inc. reported a third-quarter profit of $409 million, down from $420 million in the same quarter last year.
- The company raised its quarterly dividend to 64 cents per share, up from 61.5 cents per share.
- Fortis generated $2.94 billion in revenue for the quarter, an increase from $2.77 billion a year ago.
- Fortis announced a new five-year capital plan totaling $28.8 billion for 2026-2030, an increase of $2.8 billion from the previous plan.
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Bowen Island Undercurrent+9 Reposted by 9 other sources
Fortis reports $409-million third-quarter profit, raises dividend
ST. JOHN'S — Fortis Inc. raised its dividend as it reported a third-quarter profit of $409 million. The power utility says it will now pay a quarterly dividend of 64 cents per share, up from 61.5 cents per share.
Fortis increased its dividend after announcing a profit of $409 million in the third quarter.
Coverage Details
Total News Sources12
Leaning Left7Leaning Right0Center2Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
C 22%
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