Hydro One Ltd (H) Announces $0.22 Quarterly Dividend

Hydro One Ltd (TSE:H) announced a quarterly dividend on Tuesday, August 8th, Zacks reports. Shareholders of record on Tuesday, September 12th will be paid a dividend of 0.22 per share on Friday, September 29th. This represents a $0.88 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, September 11th.

Hydro One (H) opened at 22.60 on Thursday. The stock’s 50 day moving average price is $22.76 and its 200 day moving average price is $23.29. The company has a market capitalization of $13.46 billion and a price-to-earnings ratio of 20.85. Hydro One has a 12-month low of $21.32 and a 12-month high of $26.39.

A number of equities research analysts have commented on the stock. Scotiabank reduced their price target on shares of 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. CSFB restated a “neutral” rating and issued a C$26.00 price target on shares of Hydro One in a report on Monday, August 14th. Barclays PLC reduced their price target on shares of Hydro One from C$26.00 to C$24.00 in a report on Monday, August 14th. TD Securities raised their price objective on shares of Hydro One from C$23.00 to C$24.00 and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, National Bank Financial set a C$27.00 price objective on shares of Hydro One and gave the company an “outperform” rating in a research note on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$25.88.

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About Hydro One

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)

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