Fortis reports $409-million third-quarter profit, raises dividend

Fortis Place in downtown St. John's, N.L., is seen on Tuesday, Feb. 9, 2016. THE CANADIAN PRESS/ Paul Daly

ST. JOHN'S - Fortis Inc. raised its dividend as it reported a third-quarter profit of $409 million.

The power utility says it will now pay a quarterly dividend of 64 cents per share, up from 61.5 cents per share.

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