United Kingdom

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​.