Fortis Raises Common Dividend to C$0.665

Fortis Inc. declared a fourth-quarter dividend on its Series M preferred shares and a higher common-share dividend, both payable December 1.

Updated on Nov. 4, 2026 in Corporate Finance

Isometric editorial illustration of a steel transmission tower in an open prairie field beside a stack of steel ingots, in muted oxblood, teal, and mustard. — Fortis Inc. declared a fourth-quarter common-share dividend of C$0.665, up 4% from C$0.64, payable December 1 with a November 17 record date. AI Illustration. Upload story photo >

Fortis Inc. declared a fourth-quarter dividend of C$0.3433125 per Series M First Preference Share, with a record date of November 17 and a payment date of December 1. The company also set its fourth-quarter common-share dividend at C$0.665 per share, up 4% from C$0.64.

Why it matters

The Series M dividend matches the amount Fortis paid in each of the first three quarters of 2026, signaling consistency in its preferred-share payouts. The 4% increase in the common-share dividend reflects a continued rise in shareholder returns for common investors in Canada.

The Series M dividend of C$0.3433125 per share matches Fortis's payments in each of the first three quarters of 2026, while the common-share dividend of C$0.665 is up 4% from C$0.64. The stub does not specify whether the company intends to change these payouts in future quarters.

The players

Fortis Inc.

Fortis Inc. is a Canadian electric and gas utility holding company whose common and preferred shares are widely held by Canadian investors.

Toronto Stock Exchange

The Toronto Stock Exchange is Canada's largest equities exchange, where the Series M preferred shares trade under the ticker FTS.PR.M.

The details

Series M shares are cumulative redeemable five-year fixed-rate-reset preferred shares trading on the Toronto Stock Exchange under ticker FTS.PR.M. Both the Series M and common-share dividends carry a record date of November 17 and a payment date of December 1.

November 17: record date for Series M and common-share dividends
December 1: payment date for Series M and common-share dividends

Market Landscape

Fortis's steady preferred-share payouts and rising common dividend place the utility among Canadian issuers that reward shareholders through regular income. Investors comparing income-focused utility holdings on the Toronto Stock Exchange can weigh this consistency against peers.

Holders of Fortis common shares will receive C$0.665 per share on December 1, 2026, up from the prior quarter's C$0.64. Preferred shareholders of Series M will receive C$0.3433125 per share on the same date, which matches their payments across the first three quarters of the year.

The takeaway

Investors seeking steady income can use Fortis's consistent preferred payments and modest common-dividend growth as a benchmark when comparing utility dividend stocks. Checking record and payment dates before a trade helps ensure eligibility for each payout.