Capital Power Announces Latest Dividend Distributions
EDMONTON, Alberta -- Capital Power Corporation (TSX: CPX) has recently declared key dividends for both its common and preference shares, highlighting its commitment to providing value to its shareholders. The Board of Directors has set a dividend of $0.6519 per share on the common shares, which is intended for the quarter ending March 31 of the upcoming year. This payment reflects the company's strong financial performance and engagement with its investor community.
Cumulative Preference Share Dividends
In addition to the common share dividend, the Board also announced dividends on its various Series of Cumulative Rate Reset Preference Shares. These series include Series 1, Series 3, and Series 5, each uniquely identified by their respective TSX stock symbols and dividend payouts:
Details of Preference Shares
1. **Series 1 (CPX.PR.A)** - Dividend per share: $0.1638125, Record Date: March 18, 2025, Payment Date: March 31, 2025.
2. **Series 3 (CPX.PR.C)** - Dividend per share: $0.4287500, Record Date: March 18, 2025, Payment Date: March 31, 2025.
3. **Series 5 (CPX.PR.E)** - Dividend per share: $0.4144375, Record Date: March 18, 2025, Payment Date: March 31, 2025.
Tax Benefits of Eligible Dividends
The declared dividends for both common and preference shares fall under the category of 100% eligible dividends as defined by the Income Tax Act. This designation may benefit Canadian residents who hold these shares, allowing them the potential for enhanced dividend tax credits, ultimately reducing the income tax liabilities associated with these dividends, making them an attractive option for investors seeking income streams.
Capital Power’s Community Acknowledgment
In a show of reconciliation and respect, Capital Power acknowledges its position within the ancestral lands and territories of the Indigenous Peoples of Turtle Island. The company’s operational headquarters is recognized as being part of the historical lands of Indigenous communities, particularly in the Treaty 6 region and the Métis Nation of Alberta Region 4. This acknowledgement reflects Capital Power’s commitment not just to corporate growth but to fostering respect and integration of Indigenous culture into the community fabric where it operates.
About Capital Power
Capital Power (TSX: CPX) is a dedicated power producer, with a robust portfolio of approximately 10 GW of power generation capacity distributed over 30 facilities across North America. With an aim to deliver reliable and affordable power, the company focuses on building sustainable energy systems that align with the future's energy needs. Their core mission is encapsulated in the slogan, "Powering Change by Changing Power™," showcasing their proactive stance on energy production and environmental responsibility.
Contact Information
For any inquiries regarding media or investor relations, please find the relevant contacts below:
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 dividends announced by Capital Power?
Capital Power has declared a common share dividend of $0.6519 and specific dividends for its preference shares.
What tax benefits are associated with the dividends?
The dividends are eligible dividends under the Income Tax Act, potentially providing tax credits to Canadian residents.
Which preference shares were mentioned?
The preference shares mentioned include Series 1, Series 3, and Series 5, each with different dividend payouts.
What does Capital Power do?
Capital Power is a power producer operating 30 facilities across North America, focusing on sustainable and reliable energy solutions.
Who can I contact for more information?
You can reach out to Katherine Perron for media inquiries and Roy Arthur for investor relations using the provided contact details.
