TransAlta Declares Dividends

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TransAlta Corporation (TSX: TA) (NYSE: TAC) has declared a quarterly dividend of $0.055 per common share payable on January 1, 2024. The company has also declared quarterly dividends for its Cumulative Redeemable Rate Reset First Preferred Shares, with rates ranging from 2.877% to 8.257% and dividend per share ranging from $0.17981 to $0.52030. Dividend payments will be made on December 31, 2023. Please note that the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter. All currency is expressed in Canadian dollars except where noted.

CALGARY, AB, Oct. 30, 2023 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.055 per common share payable on January 1, 2024 to shareholders of record at the close of business on December 1, 2023.

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 September 30, 2023, up to but excluding December 31, 2023:

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, 2023	December 31, 2023
Series B*	TA.PR.E	7.187 %	$0.45288	December 1, 2023	December 31, 2023
Series C	TA.PR.F	5.854 %	$0.36588	December 1, 2023	December 31, 2023
Series D*	TA.PR.G	8.257 %	$0.52030	December 1, 2023	December 31, 2023
Series E	TA.PR.H	6.894 %	$0.43088	December 1, 2023	December 31, 2023
Series G	TA.PR.J	4.988 %	$0.31175	December 1, 2023	December 31, 2023

*Please note the quarterly floating rate on the Series B and Series D 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 with 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 hydro-electric power. For over 112 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and its climate change strategy with CDP (formerly Climate Disclosure Project) and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 68 per cent reduction in GHG emissions or 22 million tonnes since 2015 and has received scores of A- from CDP and AA from MSCI.

For more information about TransAlta, visit its website at transalta.com.

View original content:https://www.prnewswire.com/news-releases/transalta-declares-dividends-301971023.html

SOURCE TransAlta Corporation

FAQ

What is the dividend per common share declared by TransAlta Corporation?

The dividend per common share declared by TransAlta Corporation is $0.055.

When will the dividend for common shares be paid?

The dividend for common shares will be paid on January 1, 2024.

What are the dividend rates and per share amounts for TransAlta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares?

The dividend rates for the Preferred Shares range from 2.877% to 8.257%, and the dividend per share amounts range from $0.17981 to $0.52030.

When will the dividend for Preferred Shares be paid?

The dividend for Preferred Shares will be paid on December 31, 2023.

Will the quarterly floating rate on the Series B and Series D Preferred Shares be reset?

Yes, the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter.

In which currency are the dividend amounts expressed?

All currency is expressed in Canadian dollars except where noted.

What happens if the dividend payment date falls on a weekend or holiday?

If the dividend payment date falls on a weekend or holiday, the payment is made on the following business day.