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Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

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Open
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Volume
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$48.73
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Latest Key Developments (Source: Significant Developments)

Fortis to issue 14th series convertible bonds worth 10 bln won
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Fortis Inc <141020.KQ> ::Says it will issue 14th series unregistered/unsecured convertible bonds worth of 10 billion won.Says a 100 percent conversion rate of bonds to common shares at 1,510 won/share.Says annual coupon rate is 0 percent and yield to maturity is 0 percent, and conversion period from March 20, 2019 to Feb. 27, 2021 .  Full Article

Fortis issues 13th series convertible bonds worth 1.5 bln won
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Fortis Inc <141020.KQ> ::Says it completed issuance of 15th series unregistered and unsecured private convertible bonds worth 1.5 billion won .  Full Article

Fortis to sell entire stake in Online Cargo Service for 6.5 bln won
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Fortis Inc <141020.KQ> ::Says it plans to sell its entire 104,406 shares of Online Cargo Service Co.Ltd, a logistic company, for 6.5 billion won .  Full Article

ITC Holdings Corp. announces pricing of $500.0 million senior notes
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Fortis Inc :ITC Holdings Corp. announces pricing of $500.0 million senior notes due 2022 and $500.0 million senior notes due 2027.  Full Article

ITC Holdings announces offering of senior notes due 2022 and senior notes due 2027
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Fortis Inc :ITC Holdings Corp announces offering of senior notes due 2022 and senior notes due 2027.‍ITC Holdings - intends to use net proceeds from offering to redeem in full $385.0 million principal amount of ITC's 6.050% senior notes due Jan 31, 2018​​.  Full Article

Fortis Inc reports Q3 adjusted earnings per share of $0.61
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Fortis Inc :Fortis reports third quarter earnings of $278 million.Fortis Inc - qtrly ‍net earnings attributable to common equity shareholders of $0.66 per common share​.Fortis Inc - qtrly adjusted earnings per share $0.61.Qtrly revenue $1.90 billion versus $1.52 billion last year.Fortis Inc- ‍over five-year period from 2018 through 2022, corporation's capital expenditure program is expected to total approximately $14.5 billion​.Fortis Inc - ‍consolidated capital expenditure plan of approximately $3.1 billion for 2017 remains on track​.Fortis Inc- ‍extended guidance for targeted average annual dividend growth of approximately 6% through to 2022​.Fortis Inc - ‍results for 2017 will continue to benefit from acquisition of ITC and impact of rate case settlement at UNS Energy​.Q3 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.  Full Article

Fortis provides new five-year outlook and announces 6.25 pct quarterly dividend increase
Monday, 16 Oct 2017 

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​.  Full Article

Fortis Inc to commence trading on New York Stock Exchange
Tuesday, 11 Oct 2016 

Fortis Inc : Fortis Inc to commence trading on New York Stock Exchange . Fortis Inc says expects its common shares will commence trading on NYSE on or about October 14, under ticker symbol "FTS" .Fortis Inc - will retain its listing on Toronto Stock Exchange ("TSX") under symbol "FTS".  Full Article

Fortis announces pricing of US$2.0 billion notes offering
Friday, 30 Sep 2016 

Fortis Inc : Fortis Inc. announces pricing of US$2.0 billion notes offering .Priced US$500 million of notes due 2021 at 2.100% and US$1.5 billion of notes due 2026 at 3.055%.  Full Article

Fortis Inc announces launch of US$2 bln notes offering
Thursday, 29 Sep 2016 

Fortis Inc : Commenced an offering of notes due 2021 and notes due 2026 . Fortis Inc. announces launch of US$2.0 billion notes offering .Intends to use net proceeds from notes offering to finance portion of cash consideration for previously announced acquisition of ITC Holdings.  Full Article

FACTBOX-Some 123,000 customers without power after snowstorm in Canada/U.S.

Jan 5 East Coast Canadian and U.S. utilities said about 123,000 homes and businesses were still without power early Friday from the massive snow and ice storm that battered the Atlantic Coast on Wednesday and Thursday. That is down from the roughly 235,000 outages the storm caused as U.S. utilities restored services after the storm moved north overnight. Most of the current outages were in the Canadian provinces of Nova Scotia, New Brunswick and Quebec. In the United