TransAlta Co. (TSE:TA) Announces $0.04 Quarterly Dividend
TransAlta Co. (TSE:TA) (NYSE:TAC) announced a quarterly dividend on Wednesday, July 19th, Zacks reports. Investors of record on Friday, September 1st will be given a dividend of 0.04 per share on Sunday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, August 30th.
TransAlta (TA) traded up 0.37% during mid-day trading on Thursday, reaching $8.18. The company had a trading volume of 91,110 shares. The firm has a market capitalization of $2.36 billion and a price-to-earnings ratio of 42.83. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.55. TransAlta has a 12-month low of $5.11 and a 12-month high of $8.50.
TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Friday, May 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $578 million for the quarter, compared to the consensus estimate of $571.03 million. Analysts expect that TransAlta will post $0.01 EPS for the current year.
Several brokerages recently issued reports on TA. BMO Capital Markets reiterated a “market perform” rating and set a C$8.00 price target on shares of TransAlta in a research report on Tuesday, May 23rd. TD Securities reiterated a “hold” rating and set a C$8.00 price target on shares of TransAlta in a research report on Friday, April 21st. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of C$7.91.
In related news, insider Francois Gratton sold 555 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of C$45.69, for a total transaction of C$25,357.95.
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TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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