Edition:
India

Fortis Inc Says Average Annual Dividend Growth Guidance Of 6% Extended To 2025


Wednesday, 23 Sep 2020 

Sept 23 (Reuters) - Fortis Inc ::FORTIS INC. PROVIDES NEW FIVE-YEAR CAPITAL OUTLOOK, EXTENDS DIVIDEND GUIDANCE AND ANNOUNCES TARGET TO REDUCE CARBON EMISSIONS.FORTIS INC - FIVE-YEAR CAPITAL INVESTMENT PLAN OF $19.6 BILLION, UP $800 MILLION FROM PRIOR YEAR'S PLAN.FORTIS INC - AVERAGE ANNUAL DIVIDEND GROWTH GUIDANCE OF 6% EXTENDED TO 2025.FORTIS INC - Q4 2020 COMMON SHARE DIVIDEND OF $0.505, REPRESENTING A 5.8% INCREASE.FORTIS INC - $4.3 BILLION CAPITAL EXPENDITURE PLAN FOR 2020 REMAINS ON TARGET AND IS EXPECTED TO GROW RATE BASE THIS YEAR BY APPROXIMATELY 8%.FORTIS INC - CONSOLIDATED RATE BASE IS PROJECTED TO INCREASE FROM $30.2 BILLION IN 2020 TO $36.4 BILLION IN 2023 AND $40.3 BILLION IN 2025. 

Company Quote

53.59
-0.33 -0.61%
20 Oct 2020