TransAlta Renewables Inc Declares Monthly Dividend of $0.08 (RNW)
TransAlta Renewables Inc (TSE:RNW) announced a monthly dividend on Friday, December 29th, TickerTech reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.0783 per share on Wednesday, January 31st. This represents a $0.94 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Friday, December 29th.
Shares of TransAlta Renewables (RNW) traded up C$0.17 during trading hours on Thursday, reaching C$13.36. 207,601 shares of the company traded hands, compared to its average volume of 237,794. TransAlta Renewables has a twelve month low of C$12.78 and a twelve month high of C$16.25. The firm has a market cap of $3,300.00, a P/E ratio of 445.33 and a beta of 0.38.
Several brokerages recently issued reports on RNW. TD Securities cut their target price on shares of TransAlta Renewables from C$15.00 to C$14.00 in a research note on Thursday, December 7th. Scotiabank cut their target price on shares of TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of C$14.67.
TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.
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