Capital Power Announces New Dividends for Shareholders

Author: Kelly Martin Updated: 02-25-2025 04:58 PM

Capital Power Declares New Dividends

The Board of Directors for Capital Power Corporation (TSX: CPX) recently made a significant announcement regarding the dividend distributions for its common and preference shares. This initiative demonstrates the company's commitment to returning value to its shareholders while continuing to focus on growth and sustainability in energy production.

Details of the Common Share Dividend

Capital Power declared a dividend of $0.6519 per share on outstanding common shares for the quarter ending March 31, 2025. Shareholders on record as of March 31, 2025, will receive this dividend on April 30, 2025. This action underlines the company's strategy to reward investors as it progresses in its operational advancements.

Preference Shares and Their Dividends

In addition to the common shares dividend, the Board has also approved dividends for its Cumulative Rate Reset Preference Shares. The declared dividends are as follows:

Series 1 (Stock Symbol: CPX.PR.A)

The dividend for Series 1 preference shares is set at $0.1638125, with a record date of March 18, 2025, and a payment date scheduled for March 31, 2025.

Series 3 (Stock Symbol: CPX.PR.C)

For Series 3 preference shares, Capital Power has confirmed a dividend of $0.4287500. The record date aligns with March 18, 2025, and shareholders can expect the payment on March 31, 2025.

Series 5 (Stock Symbol: CPX.PR.E)

Lastly, Series 5 preference shares will provide a dividend of $0.4144375, also with a record date of March 18, 2025, and payment on March 31, 2025.

Tax Implications for Shareholders

All dividends declared for both common and preference shares qualify as 100% eligible dividends under the Income Tax Act. This means that individual residents in Canada could benefit from enhanced dividend tax credits, ultimately lowering the income tax they may owe on these dividends. This provision enhances the appeal of investing in Capital Power shares, benefiting shareholders financially.

About Capital Power

Capital Power (TSX: CPX) is a leading power producer with a focus on growth and sustainability. The company operates approximately 10 GW of power generation capacity at 30 facilities across North America. Known for its commitment to delivering reliable and affordable electricity, Capital Power is also dedicated to pioneering clean energy solutions. The company’s mission aligns with a broader vision of powering communities responsibly and effectively.

Contact Information

For further questions or detailed information about Capital Power, individuals may reach out to:

Media Relations

Katherine Perron
(780) 392-5335
kperron@capitalpower.com

Investor Relations

Roy Arthur
(403) 736-3315
investor@capitalpower.com

Frequently Asked Questions

What are the recent dividend declarations from Capital Power?

Capital Power has declared a $0.6519 dividend per common share and specified dividends for its preference shares.

When will the dividends be payable?

The dividends for common shares will be paid on April 30, 2025, while preference share dividends will be paid on March 31, 2025.

Are the dividends tax-eligible?

Yes, all declared dividends are 100% eligible under the Income Tax Act for Canadian residents.

How does Capital Power ensure sustainable energy production?

Capital Power focuses on building clean power systems and incorporates sustainable practices at its facilities, aligning with a greener future.

What is the best way to contact Capital Power for more information?

For media and investor queries, individuals can contact Katherine Perron and Roy Arthur through the emails provided.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

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