Fortis Expects Its Long-term Growth In Rate Base To Drive Earnings That Support Dividend Growth Guidance Of 4-6% Annually Through 2027
Portfolio Pulse from Benzinga Newsdesk
Fortis Inc. expects its long-term growth in rate base to drive earnings that support dividend growth guidance of 4-6% annually through 2027.
August 04, 2023 | 10:47 am
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Fortis Inc.'s projected long-term growth in rate base is expected to drive earnings, supporting an annual dividend growth of 4-6% through 2027.
The news directly pertains to Fortis Inc.'s financial outlook, specifically its earnings and dividends. The company's expectation of long-term growth in rate base driving earnings is a positive signal for investors, as it supports the company's dividend growth guidance of 4-6% annually through 2027. This could potentially attract dividend investors and drive the stock price up in the short term.
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