Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21, 2022. ST. JOHN'S, Newfoundland and Labrador, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS) announced today that it has priced an offering by private placement (the "Offering"), pu ...

In 2023, the S&P 500 reached new highs, despite plenty of headwinds and geopolitical tensions providing downside pressure. Such events impacted global markets, but the U.S. index has stood strong, making new highs this year. Defensive stocks in various sectors like technology, health, and food and beverage, have provided steady dividends and cash flows. Indeed, many investors have increasingly focused on such stocks, as valuations across the board have increased. Investing in defensive dividend stocks is pa ...

Fortis, Inc. (NYSE:FTS) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Stephanie Amaimo - Vice President of Investor Relations David Hutchens - President and Chief Executive Officer Jocelyn Perry - Executive Vice President and Chief Financial Officer Linda Apsey - Chief Executive Officer, ITC Holdings Corp. Susan Gray - President and Chief Executive Officer, UNS Energy Corporation Conference Call Participants Maurice Choy - RBC Capital Markets Rob Hope - Scotia Capital Mark J ...

This quarterly report represents an earnings surprise of 4.26%. A quarter ago, it was expected that this electric and gas utility would post earnings of $0.65 per share when it actually produced earnings of $0.69, delivering a surprise of 6.15%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Fortis has underperformed the market so far this year, the qu ...

ST. JOHN'S, Newfoundland and Labrador, July 31, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its second quarter results1 and 2024 Sustainability Report. This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022. Second qu ...

ST. JOHN'S, Newfoundland and Labrador, July 30, 2024 (GLOBE NEWSWIRE) -- Investor Enquiries Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com Media Enquiries Ms. Karen McCarthy Vice President, Communications & Government Relations Fortis Inc. 709.737.5323 media@fortisinc.com This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf pr ...

ST. JOHN'S, Newfoundland and Labrador, July 23, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2024 financial results on Wednesday, July 31, 2024. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's second quarter financial results. Investor Enquiries: Ms. S ...

Dividend Kings are high-end stocks that have raised their dividends annually for at least 50 years consecutively. These remarkable companies have maintained their streak of annual dividend growth through wars, recessions and financial crises. Each have proved the reliability of their business models and steadiness of their profits. For investors, Dividend Kings can be an excellent source of steady income year after year. Coca-Cola (KO) While the stock looks a bit expensive today like most U.S. equities, KO' ...

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. FTS currently has a forward P/E ratio of 16.82, while SO has a forward P/E of 19.54. We also note that FTS has a PEG r ...

The Zacks Consensus Estimate for the company's sales for 2024 and 2025 reflects year-over-year growth of 0.4% and 0.6%, respectively. Fortis, which has a history of 50 years of consecutive dividend payment increase, has pledged to grow dividends annually in the range of 4-6%, on average, through 2028. The company has a dividend yield of 4.38%, much better than the industry's yield of 3.72%. Amid still high interest rates, the ability of a company to meet its interest obligation can be measured through its t ...