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Fortis raises Q4 dividend 4%, reports Q3 earnings growth, and unveils $32.2B five-year capital plan.

Company Fundamentals
03 Nov 2026, 13:00 WIB
GlobeNewsWire
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Bullish
Fortis raises Q4 dividend 4%, reports Q3 earnings growth, and unveils $32.2B five-year capital plan.

Fortis Inc. reported a 2026 third quarter net earnings of $474 million, up from the previous year, driven by rate base growth and increased electricity sales. The company announced a 4% increase in its fourth quarter dividend and released a new $32.2 billion capital plan for 2027-2031, the largest in its history, aimed at supporting energy infrastructure investments and sustained growth. Key projects include a $1 billion transmission project in Iowa and LNG expansion in British Columbia. Fortis expects annual dividend growth of 4-6% through 2031, supported by strong regulated utility investments and growth opportunities.

Fortis Inc. announced its third quarter 2026 results and a new capital outlook. For readers following the Utilities sector, here is Pluang's market snapshot as of Nov 03, 2026 17:51 WIB: 25 of 40 US utilities stocks rose today. Notable movers include OKLO at USD 23.82 (+1.25%), VST at USD 135.90 (+0.96%), and BIP at USD 38.46 (+0.89%).

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