Fortis Inc.

12:01 PM EST - Fortis Inc. : Announced its five-year capital investment plan of $17.3 billion for the period 2019 to 2023, up $2.8 billion from the prior year's plan. Consolidated rate base is projected to increase from $26.1 billion in 2018 to approximately $32.0 billion in 2021 and $35.5 billion in 2023, translating into a three and five-year compound annual growth rate of 7.1% and 6.3%, respectively. The Corporation's Board of Directors also announced a $0.025 or 5.9% increase in the fourth quarter 2018 common share dividend. Fortis Inc. shares T.FTS are trading down $0.11 at $41.43.