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Fortis Inc. Announces New $25 Billion Five Year Capital Outlook and 4.4% Increase in Fourth Quarter Dividend Marking 50 Years of Dividend Increases

Author: Benzinga Newsdesk | September 19, 2023 06:04am

Fortis Inc. ("Fortis" or the "Corporation") (NYSE:FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2024-2028 outlook1.
 

Highlights

  • 2024-2028 capital plan of $25.0 billion, representing 6.3% rate base growth; up $2.7 billion from 2023-2027 five-year plan
  • Growth largely driven by investments in transmission in the U.S. Midwest and resource transition plan in Arizona
  • Fourth quarter common share dividend increasing by 4.4%, will mark 50 years of consecutive increases in dividends paid
  • Annual dividend growth guidance of 4-6% extended to 2028

Posted In: FTS


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