Common Stock Dividends
Dividends are paid monthly as determined by the Board. Dividends are at the discretion of the Board. In determining the dividend, the Board considers the Corporation’s financial performance, its results of operations, cash flow and needs with respect to financing ongoing operations and growth balanced against returning capital to shareholders. The board continues to focus on building sustainable earnings and cash flow growth.
Dividend Reinvestment Plan
On May 31, 2018, the Board of Directors approved the implementation of a dividend reinvestment plan (“DRIP”) for Canadian holders of common shares . Commencing with the dividend payable on July 31, 2018, to shareholders of record at the close of business on July 13, 2018, eligible shareholders may elect to automatically reinvest monthly dividends into additional common shares of TransAlta Renewables. The price for common shares purchased under the DRIP will be 98 per cent of the average market price of the common shares for the five trading days on which not less than 500 common shares of the Company are traded immediately prior to the dividend payment date. Common shares acquired under the DRIP will be issued from the treasury of TransAlta Renewables.
Below is a list of documents related to the DRIP:
Eligible Dividends For Canadian Tax Purposes
TransAlta Renewables hereby advises all shareholders that all dividends paid on its common shares will be designated as “eligible dividends” for Canadian income tax purposes. This designation will apply until a notification of change is posted on this website. For more information regarding the designation of dividends, please refer to the Canadian Revenue Agency release dated December 20, 2006. If you have any questions regarding the taxation of eligible dividends, please contact your local office of the Canada Revenue Agency.
The dividends on the common shares are declared and paid at the discretion of the Board of Directors. It is the practice of TransAlta Renewables to pay dividends on its common shares on or about the last business day of each calendar month, to shareholders of record as of the close of the mid-month business day of each calendar month. Dividends are paid in Canadian dollars.
Dividend History *
|Year||Annual Dividend||Year||Annual Dividend||Year||Annual Dividend||Year||Annual Dividend|
*Amounts in this table are presented in whole dollars to the nearest two decimal places
For More Information:
Shareholder inquiries regarding change of address, stock transfer, registered shareholdings, dividend or multiple copies of mailed material should be directed to AST Trust Company (Canada).
AST Trust Company (Canada)
P.O. Box 700, Station B
Montreal, QC H3B 3K3
Phone: 1-800-387-0825 toll free in North America
Phone: 01-416-682-3860 outside North America
Fax: 1-888-249-6189 in North America
Fax: 01-514-985-8843 outside North America
CALGARY, Alberta (August 2, 2018) – The Board of Directors of TransAlta Renewables Inc. (TSX: RNW) today declared a monthly dividend of $0.07833 per common share payable on October 31, 2018, November 30, 2018 and December 31, 2018, to shareholders of record at the...
CALGARY, Alberta (August 2, 2018) Second Quarter 2018 Financial Highlights Comparable EBITDA(1) of $98 million was in line with last year; Adjusted funds from operations(1) increased $9 million or 14 per cent over Q2 2017; and Cash available for distribution(1)...
CALGARY, Alberta (June 22, 2018) - TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) announced today the successful completion of the previously announced bought deal offering of 11,860,000 common shares ("Common Shares") through a...