ST. JOHN'S, NEWFOUNDLAND AND LABRADOR - The Board of Directors of Fortis Inc. (the "Corporation") (TSX:FTS) has declared the following dividends:
- $0.340625 per share on the First Preference Shares, Series "C" of the Corporation, payable on December 1, 2011 to the Shareholders of Record at the close of business on November 14, 2011;
- $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on December 1, 2011 to the Shareholders of Record at the close of business on November 14, 2011;
- $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on December 1, 2011 to the Shareholders of Record at the close of business on November 14, 2011;
- $0.3281 per share on the First Preference Shares, Series "G" of the Corporation, payable on December 1, 2011 to the Shareholders of Record at the close of business on November 14, 2011;
- $0.2656 per share on the First Preference Shares, Series "H" of the Corporation, payable on December 1, 2011 to the Shareholders of Record at the close of business on November 14, 2011; and,
- $0.29 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on December 1, 2011 to the Common Shareholders of Record at the close of business on November 14, 2011.
Fortis is the largest investor-owned distribution utility in Canada, with total assets of more than $13 billion and fiscal 2010 revenue totalling approximately $3.7 billion. The Corporation serves approximately 2,000,000 gas and electricity customers. Its regulated holdings include electric distribution utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia, Canada. Fortis owns and operates non-regulated generation assets across Canada and in Belize and Upper New York State. It also owns hotels and commercial office and retail space primarily in Atlantic Canada.
The Common Shares, First Preference Shares, Series C; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G; and First Preference Shares, Series H of Fortis are traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C, FTS.PR.E, FTS.PR.F, FTS.PR.G and FTS.PR.H, respectively.