TransAlta Declares Dividends

Rhea-AI Summary

On August 5, 2021, TransAlta Corporation (TAC) announced a quarterly dividend of $0.0450 per common share, payable on October 1, 2021, to shareholders of record by September 1, 2021. Additionally, dividends for its Cumulative Redeemable Rate Reset First Preferred Shares were declared, with rates and amounts varying by series:

• Series A: $0.17981 (Payment Date: September 30, 2021)
• Series B: $0.13479 (Payment Date: September 30, 2021)
• Series C: $0.25169 (Payment Date: September 30, 2021)
• Series E: $0.32463 (Payment Date: September 30, 2021)
• Series G: $0.31175 (Payment Date: September 30, 2021)

All amounts are in Canadian dollars.

Positive

• Quarterly dividend of $0.0450 per common share increases shareholder income.
• Strong performance in preferred shares with varying dividend rates enhancing investment returns.

Negative

• None.

CALGARY, AB, Aug. 5, 2021 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.0450 per common share payable on October 1, 2021 to shareholders of record at the close of business on September 1, 2021.

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 June 30, 2021 up to but excluding September 30, 2021:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share	Record Date	Payment Date
Series A	TA.PR.D	2.877%	$0.17981	September 1, 2021	September 30, 2021
Series B*	TA.PR.E	2.139%	$0.13479	September 1, 2021	September 30, 2021
Series C	TA.PR.F	4.027%	$0.25169	September 1, 2021	September 30, 2021
Series E	TA.PR.H	5.194%	$0.32463	September 1, 2021	September 30, 2021
Series G	TA.PR.J	4.988%	$0.31175	September 1, 2021	September 30, 2021

*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 and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management, having recently achieved an A- score from CDP.

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

View original content:https://www.prnewswire.com/news-releases/transalta-declares-dividends-301349939.html

SOURCE TransAlta Corporation

FAQ

What is the dividend amount for TransAlta Corporation (TAC)?

TransAlta Corporation declared a quarterly dividend of $0.0450 per common share.

When will the dividends for TransAlta's common shares be paid?

The dividend will be payable on October 1, 2021.

What are the preferred share dividends for TransAlta Corporation (TAC)?

Preferred share dividends vary: Series A at $0.17981, Series B at $0.13479, Series C at $0.25169, Series E at $0.32463, and Series G at $0.31175.

When is the record date for the dividends announced by TransAlta Corporation?

The record date for the declared dividends is September 1, 2021.