TransAlta Declares Dividends

Rhea-AI Summary

The Board of Directors of TransAlta Corporation (TAC) has declared quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from September 30, 2021, to December 31, 2021. The dividends include:

• Series A: $0.17981; Dividend Rate: 2.877%
• Series B: $0.13970; Dividend Rate: 2.217%
• Series C: $0.25169; Dividend Rate: 4.027%
• Series E: $0.32463; Dividend Rate: 5.194%
• Series G: $0.31175; Dividend Rate: 4.988%

Record date for all series is December 1, 2021, with payment scheduled for December 31, 2021.

Positive

• Dividends declared across multiple preferred share series provide income for shareholders.
• Dividend rates for Series E (5.194%) and Series C (4.027%) are competitive, indicating company confidence.

Negative

• None.

CALGARY, AB, Nov. 1, 2021 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including September 30, 2021 up to but excluding December 31, 2021:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share	Record Date	Payment Date
Series A	TA.PR.D	2.877%	$0.17981	December 1, 2021	December 31, 2021
Series B*	TA.PR.E	2.217%	$0.13970	December 1, 2021	December 31, 2021
Series C	TA.PR.F	4.027%	$0.25169	December 1, 2021	December 31, 2021
Series E	TA.PR.H	5.194%	$0.32463	December 1, 2021	December 31, 2021
Series G	TA.PR.J	4.988%	$0.31175	December 1, 2021	December 31, 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-301413587.html

SOURCE TransAlta Corporation

FAQ

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

TransAlta Corporation has declared dividends ranging from $0.13970 to $0.32463 on its preferred shares.

When is the payment date for TransAlta Corporation's dividends?

The payment date for TransAlta's declared dividends is December 31, 2021.

What are the dividend rates for TransAlta's preferred shares?

The dividend rates for TransAlta's preferred shares range from 2.217% to 5.194%.

What is the record date for TransAlta Corporation's dividend payments?

The record date for the dividends is December 1, 2021.

Is TransAlta Corporation's dividend sustainable?

The sustainability of TransAlta's dividends will depend on its ongoing financial performance and market conditions.