TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Saturday, June 1st will be paid a dividend of 0.06 per share on Monday, July 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, May 31st.
TransAlta Stock Performance
Shares of TA stock opened at C$9.32 on Friday. The firm has a market capitalization of C$2.87 billion, a price-to-earnings ratio of 4.00, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89. The company has a debt-to-equity ratio of 253.18, a current ratio of 0.91 and a quick ratio of 0.62. The business has a fifty day moving average of C$8.92 and a 200 day moving average of C$10.04. TransAlta has a 1 year low of C$8.22 and a 1 year high of C$13.97.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). The firm had revenue of C$624.00 million during the quarter. TransAlta had a return on equity of 43.58% and a net margin of 20.71%. As a group, research analysts expect that TransAlta will post 0.4700714 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Stock Report on TransAlta
About TransAlta
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
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