TransAlta Declares Dividends

Rhea-AI Summary

TransAlta Corporation (TSX: TA, NYSE: TAC) has declared a quarterly dividend of $0.05 per common share, payable on October 1, 2022. The record date for this dividend is September 1, 2022. Additionally, dividends for its Cumulative Redeemable Rate Reset First Preferred Shares include various series with rates ranging from 2.877% to 5.854%, all payable on September 30, 2022. This reflects TransAlta's commitment to providing long-term shareholder value while being one of Canada's largest producers of wind and hydroelectric power.

Positive

• Declared quarterly dividend of $0.05 per common share.
• Multiple series of preferred shares dividends indicating strong commitment to investor returns.

Negative

• None.

CALGARY, AB, July 27, 2022 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.05 per common share payable on October 1, 2022 to shareholders of record at the close of business on September 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 June 30, 2022 up to but excluding September 30, 2022:

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, 2022	September 30, 2022
Series B*	TA.PR.E	3.507 %	$0.22099	September 1, 2022	September 30, 2022
Series C	TA.PR.F	5.854 %	$0.36588	September 1, 2022	September 30, 2022
Series D*	TA.PR.G	4.577 %	$0.28841	September 1, 2022	September 30, 2022
Series E	TA.PR.H	5.194 %	$0.32463	September 1, 2022	September 30, 2022
Series G	TA.PR.J	4.988 %	$0.31175	September 1, 2022	September 30, 2022

*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 111 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 61 per cent reduction in GHG emissions since 2015.

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

View original content:https://www.prnewswire.com/news-releases/transalta-declares-dividends-301594847.html

SOURCE TransAlta Corporation

FAQ

What is the amount of the latest dividend declared by TransAlta (TAC)?

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

When will TransAlta's dividend be paid?

The dividend will be payable on October 1, 2022.

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

All preferred shares dividends have a record date of September 1, 2022, and a payment date of September 30, 2022.

What is the dividend yield for TransAlta's preferred shares?

The dividend yields for the preferred shares range from 2.877% to 5.854%.