Canada Markets closed

Stocks in play: Fortis Inc.

Baystreet.ca

Announced its five-year capital investment plan of $18.3 billion for the period 2020 to 2024, up $1.0 billion from the prior year's plan. Consolidated rate base is projected to increase from $28 billion in 2019 to $34.5 billion in 2022 and $38.4 billion in 2024, translating into three and five-year compound annual growth rates of 7.2% and 6.5%, respectively. The Corporation's Board of Directors also announced a $0.0275 or 6.1% increase in the fourth-quarter 2019 common share dividend. Fortis Inc. shares T.FTS are trading down $0.31 at $55.12.