Hydro One Ltd (H) to Issue $0.22 Quarterly Dividend
Hydro One Ltd (TSE:H) declared a quarterly dividend on Tuesday, August 8th, Zacks reports. Investors 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 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, September 11th.
Shares of Hydro One (H) traded up 0.17% on Wednesday, hitting $23.10. 261,632 shares of the company were exchanged. The firm’s 50-day moving average is $22.68 and its 200-day moving average is $23.35. Hydro One has a 52-week low of $21.32 and a 52-week high of $26.54. The stock has a market capitalization of $13.75 billion and a PE ratio of 21.31.
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Several equities research analysts recently weighed in on H shares. BMO Capital Markets reaffirmed a “market perform” rating and set a C$26.00 target price on shares of Hydro One in a research note on Tuesday, May 23rd. Laurentian increased their price objective on shares of Hydro One from C$27.00 to C$28.00 in a research report on Wednesday, August 9th. TD Securities increased 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 report on Thursday, August 10th. CSFB restated a “neutral” rating and issued a C$26.00 target price on shares of Hydro One in a report on Friday, May 26th. Finally, Scotiabank lowered their target price 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 10th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$25.88.
Hydro One Company Profile
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.
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