TransAlta Stock Price, News & Analysis

The Board of Directors of TransAlta Corporation (TAC) has declared a quarterly dividend of $0.0450 per common share, payable on July 1, 2021. Shareholders on record by June 1, 2021 will receive this dividend. Additionally, the company declared dividends for its Cumulative Redeemable Rate Reset First Preferred Shares. The Series A, B, C, E, and G preferred shares will pay dividends ranging from $0.13108 to $0.32463 per share, with a payment date of June 30, 2021.

TransAlta Corporation (TSX: TA, NYSE: TAC) and Mangrove Partners Master Fund have reached a confidential settlement regarding a dispute over the Brookfield transaction. As time has passed, Mangrove will not challenge the fairness of the transaction anymore. Due to the confidential nature of the settlement, neither party will provide further comments or respond to media inquiries. TransAlta continues to focus on its diverse power generation portfolio in Canada, the U.S., and Australia, aiming to deliver clean and reliable energy while aligning corporate goals with sustainability.

TransAlta Corporation (NYSE: TAC) will announce its Q1 2021 results before market opening on May 13, 2021. A conference call for investors and analysts is scheduled for the same day at 9:00 AM MT (11:00 AM ET). TransAlta Renewables will release its results on May 12, 2021, and questions can be addressed during the TransAlta conference call. Participants can access the call via a toll-free number or a webcast link. Further details are available on TransAlta's Investor Centre website.

TransAlta Corporation (TAC) filed its notice of meeting and management information circular for its annual and special meeting of shareholders scheduled for May 4, 2021. The meeting will be virtual, and participation requires registered shareholders to hold shares as of March 24, 2021. Key changes include the retirement of board members Richard Legault, Yakout Mansour, and Georgia Nelson, with four new nominees: Laura W. Folse, Thomas O'Flynn, Jim Reid, and Sarah Slusser, bringing significant experience in energy sectors. Shareholders are encouraged to vote early and participate online.

TransAlta Corporation (NYSE: TAC) announced a conversion of its preferred shares, effective March 31, 2021. Specifically, 1,417,338 Series A preferred shares will convert into Series B shares, while 871,871 Series B shares will convert back into Series A shares. Following these conversions, there will be 9,629,913 Series A shares and 2,370,087 Series B shares outstanding. These shares are listed on the Toronto Stock Exchange under symbols TA.PR.D and TA.PR.E, respectively.

TransAlta Corporation reported its fourth quarter and full-year 2020 financial results, revealing a comparable EBITDA of $234 million for Q4 and $927 million for the year, both reflecting minor declines from 2019. Free Cash Flow (FCF) also decreased to $52 million for Q4 and $358 million for the full year. The company returned $61 million to shareholders through share buybacks and raised its annual dividend by 6%. Notably, TransAlta aims for carbon neutrality by 2050 and plans to convert existing thermal units to gas. Despite challenges from COVID-19, liquidity remains robust at $2.1 billion.

TransAlta Corporation (NYSE: TAC) announced it will not redeem the Cumulative Redeemable Rate Reset First Preferred Shares, Series A and Series B on March 31, 2021. Holders of Series A Shares can either retain them for a fixed dividend of 0.71925% annually or convert to Series B Shares for a floating rate of 0.52431%. Series B Shareholders can similarly retain or convert. The conversion rights are subject to conditions regarding outstanding shares. The fixed dividend for Series A applies through March 31, 2026. The deadline for conversion notice is March 16, 2021, at 3:00 p.m. MST.

TransAlta Corporation (TAC) will announce its fourth quarter and full year 2020 results before markets open on March 3, 2021. A conference call will take place at 9:00 a.m. MT for investors and analysts, with media questions invited afterward. TransAlta Renewables will also report its results on the same day, and inquiries related to it will be addressed during the conference call. The instant replay will be accessible post-call, alongside a transcript available on the company's website.

TransAlta Corporation (NYSE:TAC) announced the retirement of CEO Dawn Farrell, effective March 31, 2021, after nearly a decade of leadership. John Kousinioris, currently COO and President of TransAlta Renewables, will succeed her on April 1, 2021. Under Farrell's guidance, TransAlta transformed from a coal-centric company to a leader in clean energy across three countries. The transition reflects a comprehensive succession planning process, highlighting Kousinioris's strategic vision and experience in driving growth and meeting clean energy demands.