CALGARY, Oct. 9, 2019 /CNW/ - The Board of Directors of
TransAlta Corporation (TSX: TA) (NYSE: TAC) today declared a
quarterly dividend of $0.04 per
common share payable on January 1,
2020 to shareholders of record at the close of business on
December 2, 2019.
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, 2019 up to but excluding
December 31, 2019:
|
Preferred
Shares
|
TSX Stock
Symbol
|
Dividend
Rate
|
Dividend
Per Share
|
Record
Date
|
Payment
Date
|
|
Series A
|
TA.PR.D
|
2.709%
|
$0.16931
|
December 2,
2019
|
December 31,
2019
|
|
Series B*
|
TA.PR.E
|
3.668%
|
$0.23113
|
December 2,
2019
|
December 31,
2019
|
|
Series C
|
TA.PR.F
|
4.027%
|
$0.25169
|
December 2,
2019
|
December 31,
2019
|
|
Series E
|
TA.PR.H
|
5.194%
|
$0.32463
|
December 2,
2019
|
December 31,
2019
|
|
Series G
|
TA.PR.J
|
4.988%
|
$0.31175
|
December 2,
2019
|
December 31,
2019
|
*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