TransAlta's Exciting Dividend Announcements and Company Impact
TransAlta Corporation Declares New Dividends
CALGARY, Alberta — TransAlta Corporation (TSX: TA) (NYSE: TAC) has announced exciting updates for its shareholders. During a recent meeting, the Board of Directors declared a quarterly dividend of $0.065 per common share. This payment is set to be distributed on a forthcoming date to all shareholders who hold shares as of the record date.
In addition to the common share dividend, the Board has also confirmed the allocation for its Cumulative Redeemable Rate Reset First Preferred Shares. This dividend applies for the period beginning from June 30 up to September 30, ensuring that investors receive fair compensation for their continued support.
Quarterly Dividend Breakdown
The recent announcements detail a structured plan for dividend payments across various preferred share series. Let's break it down:
Overview of Preferred Shares and Dividend Rates
TransAlta's preferred shares are categorized into several series, each offering different dividend rates, designed to cater to various investor preferences. Here are the highlights:
- Series A: TSX Symbol: TA.PR.D; Dividend Rate: 2.877%; Dividend: $0.17981; Record Date: September 1; Payment Date: September 30.
- Series B: TSX Symbol: TA.PR.E; Dividend Rate: 4.674%; Dividend: $0.29453; Record Date: September 1; Payment Date: September 30.
- Series C: TSX Symbol: TA.PR.F; Dividend Rate: 5.854%; Dividend: $0.36588; Record Date: September 1; Payment Date: September 30.
- Series D: TSX Symbol: TA.PR.G; Dividend Rate: 5.744%; Dividend: $0.36195; Record Date: September 1; Payment Date: September 30.
- Series E: TSX Symbol: TA.PR.H; Dividend Rate: 6.894%; Dividend: $0.43088; Record Date: September 1; Payment Date: September 30.
- Series G: TSX Symbol: TA.PR.J; Dividend Rate: 6.773%; Dividend: $0.42331; Record Date: September 1; Payment Date: September 30.
*Please note, the rates on Series B and Series D Preferred Shares will be readjusted every quarter to align with market fluctuations.
Understanding the Significance of Dividends
Dividends provide essential returns for investors, allowing for attractive investment opportunities. TransAlta's commitment to maintaining and growing these payments is a testament to its operational success and management's confidence in future performance. Importantly, all amounts are quoted in Canadian dollars, catering to the company's primary investor base.
About TransAlta Corporation
TransAlta Corporation has established itself as a leader in the energy sector. Owning and operating a diverse fleet of power generation assets, the company focuses on maximizing shareholder value while promoting energy efficiency and sustainability.
With a legacy spanning over a century, TransAlta is recognized as one of Canada’s largest wind power producers and a significant player in thermal and hydroelectric generation. The company’s commitments align with the United Nations Sustainable Development Goals, showcasing its dedication to creating a more sustainable future.
Some key achievements include:
- A 70% reduction in GHG emissions since 2015, equating to a decrease of 22.7 million tonnes of CO2e.
- Recognition with an upgraded MSCI ESG rating of AA for its environmental stewardship.
- Ongoing investment in modern power generation technologies to ensure reliability and affordability.
Contact Information for Inquiries
For any inquiries, TransAlta offers dedicated channels for both investor and media engagements:
Investor Inquiries
Phone: 1-800-387-3598 (Canada and US)
Email: investor_relations@transalta.com
Media Inquiries
Phone: 1-855-255-9184
Email: ta_media_relations@transalta.com
Frequently Asked Questions
What is the declared dividend per share for TransAlta’s common shares?
The declared dividend per common share is $0.065.
When will the dividends for preferred shares be paid?
The payment date for the preferred shares dividends is September 30.
How has TransAlta performed in terms of emissions reduction?
TransAlta has achieved a 70% reduction in GHG emissions since 2015.
What are some recent achievements of TransAlta Corporation?
Recent achievements include an upgraded MSCI ESG rating of AA and significant investments in sustainable energy generation.
How can I contact TransAlta for investor or media inquiries?
You can contact TransAlta through dedicated phone lines and emails listed for investor and media inquiries.
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