TransAlta Corporation (NYSE:TAC) Increases Dividend to C$0.07 Per Share

Posted by James Conley on May 30th, 2026

TransAlta Corporation (NYSE:TAC – Get Free Report) (TSE:TA) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Monday, June 1st will be given a dividend of 0.07 per share by the utilities provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 1st. This is a 7.7% increase from TransAlta’s previous quarterly dividend of $0.07.

TransAlta has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. TransAlta has a dividend payout ratio of 117.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TransAlta to earn $0.45 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 44.4%.

TransAlta Trading Up 1.5%

NYSE:TAC opened at $14.25 on Friday. The company has a debt-to-equity ratio of 6.61, a current ratio of 0.76 and a quick ratio of 0.70. The firm has a market capitalization of $4.24 billion, a P/E ratio of -26.38 and a beta of 0.66. TransAlta has a one year low of $9.52 and a one year high of $17.88. The company’s 50-day simple moving average is $13.03 and its 200 day simple moving average is $13.20.

TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $406.19 million during the quarter, compared to analysts’ expectations of $436.36 million. TransAlta had a negative net margin of 9.46% and a positive return on equity of 9.52%. As a group, analysts forecast that TransAlta will post 0.26 EPS for the current fiscal year.

TransAlta Company Profile

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TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

The company’s core business activities encompass power generation, asset management and energy trading services.