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Fortis Lifts Third-Quarter Profit to $474 Million and Raises Dividend
Fortis lifts third-quarter profit to $474 million and raises its quarterly dividend to 66.5 cents per share.
Key points
- Third-quarter profit reached $474 million, or 92 cents per share, up from $409 million, or 81 cents, a year earlier.
- The quarterly dividend rises to 66.5 cents per share from 64 cents.
- Fortis expects capital spending for 2027-2031 to total about $32.2 billion.
Why it matters. The higher dividend and the expected capital spending of about $32.2 billion for 2027-2031 show how Fortis plans to reward shareholders while investing in its utilities.
Electric and gas utility Fortis Inc. earned $474 million, or 92 cents per share, in the third quarter, up from $409 million, or 81 cents, a year earlier. It raised its quarterly dividend to 66.5 cents per share from 64 cents, while adjusted earnings reached 92 cents per share against 87 cents in the third quarter of 2025. Fortis expects capital spending of about $32.2 billion for 2027-2031.
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Fortis Lifts Third-Quarter Profit to $474 Million and Raises Dividend
Electric and gas utility Fortis Inc. reported higher third-quarter profit compared with a year earlier. Net profit reached $474 million, or 92 cents per share, up from $409 million, or 81 cents per share, in the same period last year. On an adjusted basis, Fortis says it earned 92 cents per share. The company raised its quarterly dividend to 66.5 cents per share from 64 cents. The increased payment reflects the company's continued return of capital to shareholders.