Capital Power Declares Dividends on Shareholders’ Investments
EDMONTON, Alberta – The Board of Directors of Capital Power Corporation (TSX: CPX) has officially announced a dividend of $0.6519 per share for the outstanding common shares, addressing stockholder rewards for the quarter concluding December 31. This dividend is set to be disbursed on January 31 of the following year to shareholders listed at close of business on December 31.
Details on Preference Share Dividends
In conjunction with the common shares, Capital Power has also declared dividends for its Cumulative Rate Reset Preference Shares. Each series has been allocated a distinct dividend amount, showcasing the company’s commitment to its varied investor base.
Dividend Breakdown for Preference Shares
The detailed dividend offerings are as follows:
Series 1 (CPX.PR.A): $0.1638125, with a record date of December 16 and payment set for December 31.
Series 3 (CPX.PR.C): $0.4287500, also to be recorded on December 16 with payments on December 31.
Series 5 (CPX.PR.E): $0.4144375, aligned with the same record and payment dates as the other preference shares.
Understanding Dividend Eligibility
It is crucial to note that both common and preference share dividends qualify as 100% eligible dividends, as defined under the Income Tax Act. Canadian residents may benefit from enhanced dividend tax credits, resulting in potentially reduced income tax liabilities for these earnings.
Local and Cultural Acknowledgements
In line with fostering reconciliation, Capital Power respects the historical and present significance of the Indigenous Peoples of Turtle Island. The company’s head office sits within the Treaty 6 region and Métis Nation of Alberta Region 4, territories rich in cultural heritage. The vibrant Indigenous communities contribute to the rich social fabric of the area.
About Capital Power Corporation
Capital Power is recognized as a proactive energy producer, focusing on growth with approximately 9,300 megawatts of power generation capacity across 32 facilities throughout North America. The company emphasizes the delivery of reliable, affordable power while championing clean energy solutions tailored for a sustainable future. Capital Power is dedicated to its mission of Powering Change by Changing Power™.
Contact Information for Inquiries
For additional details and inquiries, interested parties can reach out to the following:
Media Relations
Katherine Perron
(780) 392-5335
kperron@capitalpower.com
Investor Relations
Roy Arthur
(403) 736-3315
investor@capitalpower.com
Frequently Asked Questions
1. What is the latest dividend declared for Capital Power's common shares?
The most recent dividend declared is $0.6519 per share for the common shares.
2. When will the dividends for preference shares be paid?
The payment date for the preference shares is set for December 31.
3. Are the dividends from Capital Power eligible for tax credits?
Yes, both common and preference share dividends are eligible dividends under the Income Tax Act.
4. Who can I contact for more information about Capital Power?
Media inquiries can be directed to Katherine Perron, while investor inquiries should reach Roy Arthur.
5. Where does Capital Power operate?
Capital Power operates across 32 facilities in North America, focusing on approximately 9,300 MW of power generation.
