Hydro One Ltd (TSE:H) announced a quarterly dividend on Monday, December 11th, TickerTech reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.22 per share on Friday, December 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, December 11th.

Shares of Hydro One (TSE H) traded down C$0.03 on Wednesday, reaching C$22.73. The company’s stock had a trading volume of 504,087 shares, compared to its average volume of 690,521. Hydro One has a 12 month low of C$21.32 and a 12 month high of C$24.66.

A number of brokerages have commented on H. TD Securities lowered their price target on Hydro One from C$24.00 to C$23.00 in a research report on Monday, November 13th. Barclays decreased their price objective on Hydro One from C$24.00 to C$23.00 in a report on Monday, October 2nd. CIBC decreased their price objective on Hydro One from C$28.00 to C$27.50 in a report on Monday, October 2nd. Scotiabank decreased their price objective on Hydro One from C$25.50 to C$24.50 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Finally, CSFB reissued a “neutral” rating and issued a C$26.00 price objective on shares of Hydro One in a report on Monday, August 14th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$25.67.

WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/12/06/hydro-one-ltd-h-announces-quarterly-dividend-of-0-22.html.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.

Dividend History for Hydro One (TSE:H)

Receive News & Ratings for Hydro One Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One Ltd and related companies with MarketBeat.com's FREE daily email newsletter.