Capital Power Boosts Dividends on Common and Preference Shares
Capital Power Corporation's Dividend Announcement
Capital Power Corporation has recently made headlines with a notable increase in dividends for its common shares, declaring $0.6910 per share for the upcoming quarter. This announcement, made by the company's Board of Directors, reflects a 6% rise from the previous dividend of $0.6519. The increase is a testament to Capital Power's commitment to providing value to its shareholders and demonstrates its robust financial health.
Details of the Dividend Increase
The declared dividend of $0.6910 per common share is set to benefit shareholders for the quarter ending September 30, 2025. Shareholders will receive this payment on October 31, 2025, provided they are on record by September 29, 2025. This dividend not only represents a growth in returns for existing shareholders but also contributes to an annualized dividend of $2.764 per common share, highlighting the company’s commitment to shareholder rewards.
Preference Shares Dividends Declared
In addition to the common share dividend, Capital Power also announced dividends for its Cumulative Rate Reset Preference Shares. Here are the specifics:
Preference Share Dividends Overview
Capital Power is offering dividends for its preference shares, illustrating its overall strategy to maintain investor confidence. The specifics for these preference shares include:
- Series 1 (CPX.PR.A): Dividend per share is $0.1638125, payable on September 29, 2025, with a record date of September 16, 2025.
- Series 3 (CPX.PR.C): Dividend per share is $0.4287500, also payable on September 29, 2025, with the same record date of September 16, 2025.
- Series 5 (CPX.PR.E): Dividend per share is $0.4144375, similarly payable on September 29, 2025, with a record date of September 16, 2025.
Eligibility for Tax Benefits
The dividends declared on Capital Power’s common shares and preference shares are classified as eligible dividends, as defined by the Income Tax Act. This classification may provide Canadian residents with enhanced dividend tax credits, effectively lowering their taxable income from these dividends. This beneficial aspect enhances the attractiveness of investing in Capital Power shares.
About Capital Power Corporation
Capital Power Corporation is a growth-oriented power producer with an impressive portfolio of approximately 12 gigawatts of power generation capacity across 32 facilities in North America. The company is dedicated to delivering reliable and affordable electricity while actively working towards building a sustainable energy future. With innovative solutions, Capital Power is committed to Powering Change by Changing Power™. This ethos underscores their operational strategy as they navigate the evolving energy landscape.
Contact Information
For further inquiries, please contact:
- Media Relations:
Katherine Perron
(780) 392-5335
kperron@capitalpower.com - Investor Relations:
Roy Arthur
(403) 736-3315
investor@capitalpower.com
Frequently Asked Questions
What is the new dividend amount for Capital Power's common shares?
The new dividend amount is $0.6910 per share.
When will the dividend be paid out to shareholders?
The dividend is scheduled to be paid on October 31, 2025, to shareholders on record as of September 29, 2025.
What is the significance of eligible dividends for Canadian shareholders?
Eligible dividends may qualify Canadian residents for enhanced dividend tax credits, reducing their taxable income.
How does Capital Power generate energy?
Capital Power operates a diverse portfolio of facilities producing approximately 12 GW of energy across North America.
What is Capital Power's mission regarding energy?
The company is committed to Powering Change by Changing Power™, focusing on sustainable and reliable energy solutions.
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