TransAlta Declares Dividends

Rhea-AI Summary

TransAlta Corporation (TAC) announced a quarterly dividend of $0.05 per share, payable on April 1, 2022, for shareholders recorded by March 1, 2022. Additionally, dividends for its Series A, B, C, E, and G preferred shares were declared, with payment scheduled for March 31, 2022. Notably, Series A has a rate of 2.877% and Series E boasts 5.194%. All figures are in Canadian dollars. This move reflects the company's commitment to delivering value to its shareholders.

Positive

• Quarterly dividend of $0.05 per share indicates ongoing shareholder returns.
• Commitment to dividend payments on preferred shares shows financial stability.

Negative

• None.

CALGARY, AB, Dec. 13, 2021 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.05 per common share payable on April 1, 2022 to shareholders of record at the close of business on March 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 December 31, 2021 up to but excluding March 31, 2022:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share	Record Date	Payment Date
Series A	TA.PR.D	2.877%	$0.17981	March 1, 2022	March 31, 2022
Series B*	TA.PR.E	2.159%	$0.53236	March 1, 2022	March 31, 2022
Series C	TA.PR.F	4.027%	$0.25169	March 1, 2022	March 31, 2022
Series E	TA.PR.H	5.194%	$0.32463	March 1, 2022	March 31, 2022
Series G	TA.PR.J	4.988%	$0.31175	March 1, 2022	March 31, 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-301443625.html

SOURCE TransAlta Corporation

FAQ

What is the dividend amount declared by TransAlta Corporation?

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

When is the payment date for TransAlta's quarterly dividend?

The payment date for the quarterly dividend is April 1, 2022.

What are the details of TransAlta's preferred shares dividends?

The preferred shares dividends range from 2.159% to 5.194%, with payment on March 31, 2022.

What is the record date for TransAlta's common share dividend?

The record date for the common share dividend is March 1, 2022.