Capital Power Announces a 6% Dividend Increase for its Common Shares

Source: www.gulfoilandgas.com 8/2/2023, Location: North America

The Board of Directors for Capital Power Corporation (Capital Power) declared a dividend of $0.615 per share on the outstanding common shares for the quarter ending September 30, 2023. The dividend is payable on October 31, 2023 to shareholders of record at the close of business on September 29, 2023. The quarterly dividend of $0.615 per common share compared to the previous $0.58 dividend represents a 6% increase, and an annualized dividend of $2.46 per common share.

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.

Territorial Acknowledgement
In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.


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