Dominion Lending Centres Clearlease Reports Fortis Inc. (TSX:FTS) issues dividend after reporting higher profits

Dominion Lending Centres Clearlease Reports Fortis Inc. (TSX:FTS) issues dividend after reporting higher profits

VANCOUVER, BC – (May 6, 2011) Clearlease Reports Electricity and gas distributor Fortis Inc. (TSX:FTS) has kept its dividend unchanged after reporting a 17 per cent increase in profits.

The utility company will pay out 29 cents per share on Sept. 1 to shareholders of record on August 12.

On Wednesday, Fortis said higher energy consumption helped boost its profits to $117 million in first quarter profits, up from $100 million last year.

That is equal to 67 cents per common share, up from 58 cents in the first quarter of 2010.

The company said the climbing price of oil and gas also contributed to the higher profits, but higher energy consumption in Alberta due to bad weather played the biggest role.

Fortis took a $4 million foreign currency hit as the loonie rose above par with the U.S. dollar in the quarter.

Fortis owns utilities in Newfoundland, Ontario, British Columbia, Alberta, Prince Edward Island, New York State and Belize. It serves about 2.1 million customers.

The St. John’s-based company also owns hotels and commercial space, mainly in Atlantic Canada.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Fortis Inc. (TSX:FTS) issues dividend after reporting higher profits

VANCOUVER, BC – (May 6, 2011) Clearlease Reports Electricity and gas distributor Fortis Inc. (TSX:FTS) has kept its dividend unchanged after reporting a 17 per cent increase in profits.

The utility company will pay out 29 cents per share on Sept. 1 to shareholders of record on August 12.

On Wednesday, Fortis said higher energy consumption helped boost its profits to $117 million in first quarter profits, up from $100 million last year.

That is equal to 67 cents per common share, up from 58 cents in the first quarter of 2010.

The company said the climbing price of oil and gas also contributed to the higher profits, but higher energy consumption in Alberta due to bad weather played the biggest role.

Fortis took a $4 million foreign currency hit as the loonie rose above par with the U.S. dollar in the quarter.

Fortis owns utilities in Newfoundland, Ontario, British Columbia, Alberta, Prince Edward Island, New York State and Belize. It serves about 2.1 million customers.

The St. John’s-based company also owns hotels and commercial space, mainly in Atlantic Canada.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Fortis Inc. (TSX:FTS) issues dividend after reporting higher profits

VANCOUVER, BC – (May 6, 2011) Clearlease Reports Electricity and gas distributor Fortis Inc. (TSX:FTS) has kept its dividend unchanged after reporting a 17 per cent increase in profits.

The utility company will pay out 29 cents per share on Sept. 1 to shareholders of record on August 12.

On Wednesday, Fortis said higher energy consumption helped boost its profits to $117 million in first quarter profits, up from $100 million last year.

That is equal to 67 cents per common share, up from 58 cents in the first quarter of 2010.

The company said the climbing price of oil and gas also contributed to the higher profits, but higher energy consumption in Alberta due to bad weather played the biggest role.

Fortis took a $4 million foreign currency hit as the loonie rose above par with the U.S. dollar in the quarter.

Fortis owns utilities in Newfoundland, Ontario, British Columbia, Alberta, Prince Edward Island, New York State and Belize. It serves about 2.1 million customers.

The St. John’s-based company also owns hotels and commercial space, mainly in Atlantic Canada.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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