Capital Power Announces Dividends for Shareholders
Capital Power Corporation, a recognized name in the energy sector, is proud to announce a dividend of $0.6519 per share on its common shares, aimed at rewarding its shareholders. This dividend will be designated for the quarter ending June 30, 2025, with the payment scheduled for July 31, 2025. This demonstrates Capital Power's ongoing commitment to providing value to its investors through strategic financial decisions.
Details on Preference Share Dividends
In addition to the common share dividends, Capital Power has also declared dividends on its Cumulative Rate Reset Preference Shares. The details for these dividends reinforce the company's dedication to enriching its investors' portfolios:
Dividend Details for Series 1
For the Series 1 preference shares, which carry the TSX symbol CPX.PR.A, a dividend of $0.1638125 has been announced. This dividend will be recorded on June 17, 2025, and will be paid out on June 30, 2025.
Dividend Information for Series 3
The Series 3 shares, identified by the TSX symbol CPX.PR.C, will offer a dividend of $0.4287500. Shareholders can expect this dividend to also be recorded on June 17, 2025, with payment on June 30, 2025.
Series 5 Preference Shares Dividend
Lastly, the Series 5 preference shares, marked by the TSX symbol CPX.PR.E, will provide a dividend of $0.4144375. The record date remains June 17, 2025, and payments will commence on June 30, 2025. This array of dividends aims to strengthen shareholder satisfaction and loyalty.
Dividend Tax Information
The dividends declared for both common and preference shares are categorized as 100% eligible dividends as per the Income Tax Act. This classification allows Canadian residents to potentially benefit from enhanced dividend tax credits, thereby reducing their tax obligations related to these dividends.
Company Acknowledgment of Indigenous Peoples
In a spirit of reconciliation, Capital Power honors the ancestral territories of Indigenous Peoples across North America. They acknowledge the traditional and contemporary homelands of many Indigenous nations, particularly in the Treaty 6 region and Métis Nation of Alberta Region 4. This acknowledgment reflects the company’s commitment to support and work alongside Indigenous communities.
About Capital Power Corporation
Capital Power (TSX: CPX) is a forward-thinking energy producer, with a robust portfolio generating approximately 10 GW of power through 30 facilities in North America. The company is committed to delivering reliable, affordable energy while integrating lower-carbon solutions for a sustainable energy future. Capital Power is leading the charge towards innovation in power production, emphasizing their motto: Powering Change by Changing Power™.
Contact Information for Further Inquiries
For those seeking additional information, the following contacts are available:
Media Relations
Katherine Perron
(780) 392-5335
Email Katherine
Investor Relations
Roy Arthur
(403) 736-3315
Email Roy
Frequently Asked Questions
What is the declared dividend for common shares?
The declared dividend for common shares is $0.6519 per share for the quarter ending June 30, 2025.
When will the preference shares dividends be paid?
The dividends for preference shares will be paid on June 30, 2025, after being recorded on June 17, 2025.
How does the Income Tax Act affect these dividends?
The dividends are eligible dividends according to the Income Tax Act, potentially giving Canadian residents enhanced tax credits.
What is Capital Power's commitment to Indigenous communities?
Capital Power respects and acknowledges the ancestral lands of Indigenous Peoples and aims to collaborate with these communities.
What is Capital Power's energy generation capacity?
Capital Power generates approximately 10 GW of power across 30 facilities in North America.
