ST. JOHN’S — Electric and gas utility Fortis Inc. raised its quarterly dividend as it reported its third-quarter profit rose compared with a year ago.
The company says it will now pay a quarterly dividend of 66.5 cents per share, up from 64 cents.
The increased payment to shareholders came as Fortis reported its third-quarter profit amounted to $474 million or 92 cents per share, up from a profit of $409 million or 81 cents per share a year earlier.
On an adjusted basis, Fortis says it earned 92 cents per share in its latest quarter, up from an adjusted profit of 87 cents per share in the third quarter of 2025.
In its outlook, the company says it expects capital spending for 2027-2031 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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This report by The Canadian Press was first published Nov. 3, 2026.
