TransAlta Renewables Inc (RNW) to Issue $0.07 Monthly Dividend
TransAlta Renewables Inc (TSE:RNW) declared a monthly dividend on Friday, July 28th, TickerTech reports. Shareholders of record on Thursday, August 31st will be given a dividend of 0.0733 per share on Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Friday, July 28th.
Shares of TransAlta Renewables (RNW) opened at 14.58 on Friday. TransAlta Renewables has a 12 month low of $12.66 and a 12 month high of $16.25. The firm has a market capitalization of $3.27 billion and a PE ratio of 53.41. The stock’s 50 day moving average price is $15.59 and its 200-day moving average price is $15.35.
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A number of research firms have weighed in on RNW. National Bank Financial reaffirmed a “sector perform under weight” rating on shares of TransAlta Renewables in a report on Thursday. TD Securities downgraded TransAlta Renewables from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$15.00 to C$16.00 in a report on Thursday, May 4th. Finally, Raymond James Financial, Inc. downgraded TransAlta Renewables from an “outperform” rating to a “market perform” rating in a report on Thursday, April 20th. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of C$15.14.
About TransAlta Renewables
TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.
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