TransAlta Corporation (NYSE:TAC) (TSE:TA) declared a quarterly dividend on Monday, October 30th, Zacks reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.031 per share by the utilities provider on Monday, January 1st. This represents a $0.12 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, November 30th.

TransAlta Corporation has decreased its dividend by an average of 40.9% annually over the last three years. TransAlta Corporation has a payout ratio of -100.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect TransAlta Corporation to earn $0.12 per share next year, which means the company may not be able to cover its $0.16 annual dividend with an expected future payout ratio of 133.3%.

TransAlta Corporation (NYSE TAC) opened at $5.95 on Friday. TransAlta Corporation has a 1-year low of $4.90 and a 1-year high of $6.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.07 and a quick ratio of 0.92. The firm has a market capitalization of $1,713.01, a PE ratio of 148.75 and a beta of 0.76.

TAC has been the subject of a number of analyst reports. BidaskClub cut TransAlta Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded TransAlta Corporation from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $7.50.

TRADEMARK VIOLATION NOTICE: “TransAlta Corporation (TAC) to Issue $0.03 Quarterly Dividend” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at

About TransAlta Corporation

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

Dividend History for TransAlta Corporation (NYSE:TAC)

Receive News & Ratings for TransAlta Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.