Hydro One Limited Plans Quarterly Dividend of $0.35 (TSE:H)

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, September 9th. Investors of record on Tuesday, September 29th will be given a dividend of 0.3531 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, September 9th.

Hydro One Stock Performance

TSE H opened at C$53.11 on Monday. Hydro One has a one year low of C$48.22 and a one year high of C$60.57. The company’s 50 day moving average price is C$56.95 and its 200 day moving average price is C$57.60. The company has a debt-to-equity ratio of 154.61, a quick ratio of 0.30 and a current ratio of 0.88. The firm has a market capitalization of C$31.87 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 3.17 and a beta of 0.23.

Hydro One (TSE:H) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%.The firm had revenue of C$1.23 billion during the quarter. On average, sell-side analysts predict that Hydro One will post 2.0572195 EPS for the current year.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.