ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Aug. 14, 2014) - The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) has declared the following dividends:
- $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014;
- $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014;
- $0.2427 per share on the First Preference Shares, Series "G" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014;
- $0.2656 per share on the First Preference Shares, Series "H" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014;
- $0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014;
- $0.2500 per share on the First Preference Shares, Series "K" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014; and,
- $0.32 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on 1 December 2014 to the Common Shareholders of record at the close of business on 24 October 2014.
Fortis has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.
Fortis is the largest investor-owned electric and gas distribution utility in Canada, with total assets of approximately $18.6 billion and fiscal 2013 revenue exceeding $4 billion. Its regulated utilities account for approximately 90% of total assets and serve approximately 2.5 million customers across Canada and in New York State and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non-utility investment is comprised of hotels and commercial real estate in Canada.
The Common Shares; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G; First Preference Shares, Series H; First Preference Shares, Series J; First Preference Shares, Series K; and Installment Receipts of Fortis are listed on the Toronto Stock Exchange and trade under the symbols FTS, FTS.PR.E, FTS.PR.F, FTS.PR.G, FTS.PR.H, FTS.PR.J, FTS.PR.K and FTS.IR, respectively. Fortis information can be accessed on the Corporation's website at www.fortisinc.com and on SEDAR at www.sedar.com.