TransAlta Declares Dividends

Rhea-AI Summary

On April 27, 2022, TransAlta Corporation (NYSE: TAC) announced a quarterly dividend of $0.05 per share, payable on July 1, 2022, to shareholders of record by June 1, 2022. In addition, dividends were declared for its Cumulative Redeemable Rate Reset First Preferred Shares, with varying rates across different series.

The payment dates for the preferred shares are also set for June 30, 2022. TransAlta continues to focus on providing clean energy and long-term value for shareholders.

Positive

• Quarterly dividend of $0.05 demonstrates consistent shareholder return.
• Regular dividend payments on preferred shares signal financial stability.

Negative

• None.

CALGARY, AB, April 27, 2022 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.05 per common share payable on July 1, 2022 to shareholders of record at the close of business on June 1, 2022.

The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including March 31, 2022 up to but excluding June 30, 2022:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share	Record Date	Payment Date
Series A	TA.PR.D	2.877%	$0.17981	June 1, 2022	June 30, 2022
Series B*	TA.PR.E	2.648%	$0.16505	June 1, 2022	June 30, 2022
Series C	TA.PR.F	4.027%	$0.25169	June 1, 2022	June 30, 2022
Series E	TA.PR.H	5.194%	$0.32463	June 1, 2022	June 30, 2022
Series G	TA.PR.J	4.988%	$0.31175	June 1, 2022	June 30, 2022

 

*Please note the quarterly floating rate on the Series B Preferred Shares will be reset every quarter.

All currency is expressed in Canadian dollars except where noted. When the dividend payment date falls on a weekend or holiday, the payment is made the following business day.

About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals.

For more information about TransAlta, visit our web site at transalta.com.

View original content:https://www.prnewswire.com/news-releases/transalta-declares-dividends-301534804.html

SOURCE TransAlta Corporation

FAQ

What is the dividend amount declared by TransAlta Corporation on April 27, 2022?

TransAlta Corporation declared a quarterly dividend of $0.05 per common share.

When is the payment date for the dividend declared by TransAlta?

The payment date for the dividend is July 1, 2022.

What are the record dates for the preferred shares dividends?

The record date for the preferred shares dividends is June 1, 2022.

What is the dividend yield for TransAlta's Series A preferred shares?

The Series A preferred shares have a dividend yield of 2.877%.

How often does TransAlta pay dividends?

TransAlta pays dividends quarterly.