TransAlta Declares Dividends
TransAlta (TSX: TA) (NYSE: TAC) has announced its quarterly dividend declarations.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
TransAlta (TSX: TA) (NYSE: TAC) has announced its quarterly dividend declarations. The Board of Directors declared a $0.06 per common share dividend, payable on October 1, 2024, to shareholders of record on September 1, 2024. Additionally, dividends were declared for various series of Cumulative Redeemable Rate Reset First Preferred Shares, with rates ranging from 2.877% to 7.972%. These preferred share dividends cover the period from June 30, 2024, to September 30, 2024, with a record date of September 1, 2024, and a payment date of September 30, 2024. All amounts are in Canadian dollars unless otherwise noted.
Positive
- Consistent quarterly dividend payment of $0.06 per common share
- Dividends declared for multiple series of preferred shares, providing income for diverse shareholder base
- Highest dividend rate of 7.972% for Series D preferred shares
Negative
- None.
Details
News Market Reaction – TAC
The recorded move for TAC in the trading session of this news was -0.27%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CALGARY, Alberta, July 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of
The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including June 30, 2024, up to but excluding September 30, 2024:
| Preferred Shares | TSX Stock Symbol | Dividend Rate | Dividend Per Share | Record Date | Payment Date | |
| Series A | TA.PR.D | September 1, 2024 | September 30, 2024 | |||
| Series B* | TA.PR.E | September 1, 2024 | September 30, 2024 | |||
| Series C | TA.PR.F | September 1, 2024 | September 30, 2024 | |||
| Series D* | TA.PR.G | September 1, 2024 | September 30, 2024 | |||
| Series E | TA.PR.H | September 1, 2024 | September 30, 2024 | |||
| Series G | TA.PR.J | September 1, 2024 | September 30, 2024 | |||
* Please note the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter.
All currency is expressed in Canadian dollars except where noted. When the dividend payment date falls on a weekend or holiday the payment is made the following business day.
About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 112 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 66 per cent reduction in GHG emissions or 21.3 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA.
For more information about TransAlta, visit our web site at transalta.com.
For more information:
| Investor Inquiries: | Media Inquiries: |
| Phone: 1-800-387-3598 in Canada and US | Phone: 1-855-255-9184 |
| Email: investor_relations@transalta.com | Email: ta_media_relations@transalta.com |
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