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BRIEF-Fortis provides new five-year outlook and announces 6.25 pct quarterly dividend increase
October 16, 2017 / 10:21 AM / 2 months ago

BRIEF-Fortis provides new five-year outlook and announces 6.25 pct quarterly dividend increase

Oct 16 (Reuters) - Fortis Inc

* Fortis Inc. provides new five-year outlook and announces 6.25% quarterly dividend increase

* Sets quarterly dividend of C$0.425per share

* Fortis Inc - ‍Five-year capital investment plan of approximately $14.5 billion for 2018 through 2022, up $1.5 billion from prior year’s plan​

* Fortis Inc - ‍Q4 2017 dividend increase of 6.25%​

* Fortis Inc - ‍Average annual dividend growth target of 6% extended through 2022​

* Fortis Inc - ‍Consolidated rate base is projected to increase from over $25 billion in 2017 to approximately $32 billion in 2022​

* Fortis Inc - ‍Capital investment plan is mostly comprised of a diversified mix of projects​ Source text for Eikon: Further company coverage:

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