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Fortis Inc. Announces Second Quarter Dividends - 2014



March 13, 2014

The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) has declared the following dividends:

  1. $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on 1 June 2014 to the Shareholders of Record at the close of business on 16 May 2014;
  2. .$0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on 1 June 2014 to the Shareholders of Record at the close of business on 16 May 2014;
  3. $0.2427 per share on the First Preference Shares, Series "G" of the Corporation, payable on 1 June 2014 to the Shareholders of Record at the close of business on 16 May 2014;
  4. $0.2656 per share on the First Preference Shares, Series "H" of the Corporation, payable on 1 June 2014 to the Shareholders of Record at the close of business on 16 May 2014;
  5. $0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on 1 June 2014 to the Shareholders of Record at the close of business on 16 May 2014;
  6. $0.2500 per share on the First Preference Shares, Series "K" of the Corporation, payable on 1 June 2014 to the Shareholders of Record at the close of business on 16 May 2014; and,
  7. $0.32 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on 1 June 2014 to the Common Shareholders of record at the close of business on 16 May 2014.

Fortis has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.

Fortis is the largest investor-owned gas and electric distribution utility in Canada, with total assets of approximately $18 billion and fiscal 2013 revenue exceeding $4 billion. Its regulated utilities account for 90% of total assets and serve more than 2.4 million customers across Canada and in New York State and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non'utility investment is comprised of hotels and commercial real estate in Canada.

The Common Shares; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G; First Preference Shares, Series H; First Preference Shares, Series J; First Preference Shares, Series K; and Installment Receipts of Fortis are listed on the Toronto Stock Exchange and trade under the symbols FTS, FTS.PR.E, FTS.PR.F, FTS.PR.G, FTS.PR.H, FTS.PR.J, FTS.PR.K and FTS.IR, respectively. Fortis information can be accessed on the Corporation's website at www.fortisinc.com and on SEDAR at www.sedar.com.

About Fortis

Fortis Inc. is the largest investor-owned gas and electric distribution utility in Canada. Its regulated utilities account for 90 per cent of total assets and serve more than 2.4 million customers across Canada and in New York State and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non-utility investment is comprised of hotels and commercial real estate in Canada.

For more information :

Organization:
Fortis Inc.
Address:
139 Water St - Ste 120
Saint John's, A1B 3T2
www.fortisinc.com

Contact person:

Ms. Donna Hynes
Manager, Investor & Public Relations
Tel: 709.737.5323


Link http://www.electricenergyonline.com/detail_news.php?ID=474078
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