Fortis reported higher third-quarter profit and increased its quarterly dividend to 66.5 cents per share.
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Fortis Inc., an electric and gas utility, says it is raising its quarterly dividend after posting a higher third-quarter profit compared with a year earlier.
The company will pay a quarterly dividend of 66.5 cents per share, up from 64 cents.
Fortis reported third-quarter profit of $474 million, or 92 cents per share, compared with profit of $409 million, or 81 cents per share, in the same quarter a year earlier. On an adjusted basis, the company said it earned 92 cents per share in the latest quarter, up from an adjusted profit of 87 cents per share in the third quarter of 2025.
In its outlook, Fortis expects capital spending for 2027 to 2031 to total about $32.2 billion.
Fortis has utility customers in five Canadian provinces, 10 U.S. states and the Cayman Islands.
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