TransAlta Declares Dividends
TransAlta Corporation (TAC) announced a quarterly dividend of $0.05 per share, payable on April 1, 2022, for shareholders recorded by March 1, 2022.
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 Corporation (TAC) announced a quarterly dividend of $0.05 per share, payable on April 1, 2022, for shareholders recorded by March 1, 2022. Additionally, dividends for its Series A, B, C, E, and G preferred shares were declared, with payment scheduled for March 31, 2022. Notably, Series A has a rate of 2.877% and Series E boasts 5.194%. All figures are in Canadian dollars. This move reflects the company's commitment to delivering value to its shareholders.
Positive
- Quarterly dividend of $0.05 per share indicates ongoing shareholder returns.
- Commitment to dividend payments on preferred shares shows financial stability.
Negative
- None.
Details
News Market Reaction – TAC
The recorded move for TAC in the trading session of this news was -1.43%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CALGARY, AB, Dec. 13, 2021 /PRNewswire/ - 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 December 31, 2021 up to but excluding March 31, 2022:
Preferred Shares | TSX Stock Symbol | Dividend Rate | Dividend Per Share | Record Date | Payment Date |
Series A | TA.PR.D | March 1, 2022 | March 31, 2022 | ||
Series B* | TA.PR.E | March 1, 2022 | March 31, 2022 | ||
Series C | TA.PR.F | March 1, 2022 | March 31, 2022 | ||
Series E | TA.PR.H | March 1, 2022 | March 31, 2022 | ||
Series G | TA.PR.J | March 1, 2022 | March 31, 2022 |
*Please note the quarterly floating rate on the Series B 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 clean, affordable, energy efficient, and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals.
For more information about TransAlta, visit our web site at transalta.com.
View original content:https://www.prnewswire.com/news-releases/transalta-declares-dividends-301443625.html
SOURCE TransAlta Corporation
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