Hydro One Limited (H) to Issue Quarterly Dividend of $0.31 on June 28th

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, June 12th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.314 per share on Friday, June 28th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, June 12th. This is an increase from Hydro One’s previous quarterly dividend of $0.30.

Hydro One Stock Performance

TSE:H opened at C$40.86 on Monday. The company has a debt-to-equity ratio of 141.04, a current ratio of 0.63 and a quick ratio of 0.30. The business has a fifty day simple moving average of C$39.25 and a two-hundred day simple moving average of C$39.53. Hydro One has a 1 year low of C$32.79 and a 1 year high of C$41.69. The company has a market capitalization of C$24.49 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.90 and a beta of 0.29.

Hydro One (TSE:H) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The company had revenue of C$2.17 billion during the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.81%. On average, analysts expect that Hydro One will post 1.9169847 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Securities lifted their price objective on Hydro One from C$37.00 to C$39.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their price target on Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. CIBC lifted their price target on Hydro One from C$39.00 to C$40.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Scotiabank dropped their price target on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, National Bankshares lifted their price target on Hydro One from C$38.00 to C$39.00 in a research note on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$39.83.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.