Fortis Extends 4%-6% Annual Dividend Growth Guidance Through 2031

Bitget2026/11/03 11:24

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Fortis unveiled a $32.2 billion capital plan for 2027-2031, up $3.4 billion from its prior plan, driven by transmission and LNG investments.
Projected five-year rate base growth increased to 7.5% annually, 50 basis points above the prior plan.
Annual dividend growth guidance of 4%-6% was extended through 2031.
The 2026 capital spending forecast rose to $6 billion from $5.6 billion, with $4.2 billion spent through September.
Funding is expected to comprise 57% cash from operations, 32% net debt and 11% equity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortis Inc. published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fortis Extends 4%-6% Annual Dividend Growth Guidance Through 2031

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