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.
