Fortis Inc. Reports Strong 2023 Financial Results, Continues Dividend Growth

With annual net earnings of $1.5 billion and a 50-year streak of dividend increases, Fortis Inc. demonstrates robust performance and strategic growth.

• Fortis Inc. reports a successful 2023 with annual net earnings of $1.5 billion, marking a significant increase from the previous year.
• The company has declared dividends for the second quarter of 2024, continuing its 50-year streak of dividend increases.
• Capital expenditures for 2023 amounted to $4.3 billion, supporting a 6% annual rate base growth.
• Fortis has completed the sale of Aitken Creek, strengthening its balance sheet and supporting its regulated utility growth strategy.
• The company remains committed to reducing carbon emissions, achieving a 33% reduction in Scope 1 emissions from 2019 levels.

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