Capital Power declares dividends for its Common and Cumulative Rate Reset Preference shares
EDMONTON, Alberta – The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.315 per share on the outstanding common shares for the quarter ending June 30, 2013. The dividend is payable on July 31, 2013 to shareholders of record at the close of business on June 28, 2013.
The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:
| Shares | TSX Stock Symbol | Dividend Per Share | Record Date | Payment Date |
|---|---|---|---|---|
| Series 1 | CPX.PR.A | $0.2875 | June 17, 2013 | June 28, 2013 |
| Series 3 | CPX.PR.C | $0.2875 | June 17, 2013 | June 28, 2013 |
| Series 5 | CPX.PR.E | $0.3329* | June 17, 2013 | June 28, 2013 |
*The initial quarterly dividend on the Series 5 Cumulative Rate Reset Preference Shares represents the time period from when the initial share offering closed on March 14, 2013 to June 30, 2013. Future quarterly dividends, if declared, will be $0.28125 per quarter or $1.125 per annum for the initial five-year period ending June 30, 2018.
The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns more than 3,600 megawatts of power generation capacity at 16 facilities across North America. An additional 595 megawatts of owned generation capacity is under construction or in advanced development in Alberta and Ontario.