Quarterly Dividend of $0.29 Planned by TransAlta Co. (TAC)
TransAlta (NYSE:TAC) announced a quarterly dividend on Tuesday, January 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.29 per share on Monday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Wednesday, February 27th.
Several analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of TransAlta from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $17.40 price target on the stock. Analysts at Desjardins downgraded shares of TransAlta from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 24th.
Shares of TransAlta (TAC) traded up 0.86% during mid-day trading on Tuesday, hitting $16.40. TransAlta (TAC) has a one year low of $13.92 and a one year high of $21.20. The stock’s 50-day moving average is currently $15.60. The company’s market cap is $4.177 billion.
TransAlta Corporation (TransAlta) is a wholesale power generator and marketer with operations in Canada, the United States and Australia.
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