TransAlta Declares Dividends

Rhea-AI Summary

The Board of Directors of TransAlta Corporation (TAC) declared a quarterly dividend of $0.0425 per common share, payable on January 1, 2021. Shareholders recorded by December 1, 2020 will receive this dividend. Additionally, dividends for Cumulative Redeemable Rate Reset First Preferred Shares were also announced, with rates ranging from 2.179% to 5.194%, payable on December 31, 2020. All amounts are in Canadian dollars.

Positive

• Quarterly dividend of $0.0425 per common share for shareholders.
• Strong commitment to shareholder returns with preferred share dividends.

Negative

• None.

CALGARY, AB, Nov. 3, 2020 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.0425 per common share payable on January 1, 2021 to shareholders of record at the close of business on December 1, 2020.

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, 2020 up to but excluding December 31, 2020:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share	Record Date	Payment Date
Series A	TA.PR.D	2.709%	$0.16931	December 1, 2020	December 31, 2020
Series B*	TA.PR.E	2.179%	$0.13693	December 1, 2020	December 31, 2020
Series C	TA.PR.F	4.027%	$0.25169	December 1, 2020	December 31, 2020
Series E	TA.PR.H	5.194%	$0.32463	December 1, 2020	December 31, 2020
Series G	TA.PR.J	4.988%	$0.31175	December 1, 2020	December 31, 2020

*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 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 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  has been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. TransAlta is proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.

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

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SOURCE TransAlta Corporation

FAQ

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

TransAlta Corporation (TAC) declared a quarterly dividend of $0.0425 per common share.

When will the dividend be paid for TransAlta Corporation (TAC)?

The dividend will be paid on January 1, 2021.

What are the record and payment dates for TransAlta's preferred shares?

The record date for all preferred shares is December 1, 2020, and the payment date is December 31, 2020.

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

The dividend rates for TransAlta's preferred shares range from 2.179% to 5.194%.