Fortis Increased It Fourth Quarter Dividend To C$0.615 From C$0.59, Up 4.2%
Portfolio Pulse from Benzinga Newsdesk
Fortis has increased its fourth-quarter dividend by 4.2% to C$0.615, reflecting confidence in its long-term growth strategy. The company has extended its annual dividend growth guidance of 4-6% through 2029.
September 26, 2024 | 10:15 am
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Fortis has increased its fourth-quarter dividend by 4.2% to C$0.615, indicating strong confidence in its growth strategy. The company has also extended its annual dividend growth guidance of 4-6% through 2029.
The increase in the dividend and the extension of the growth guidance suggest a positive outlook for Fortis, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
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