Capital Power declares dividends for its Common and Preference shares
EDMONTON, Alberta – The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.5125 per share on the outstanding common shares for the quarter ending March 31, 2021. The dividend is payable on April 30, 2021 to shareholders of record at the close of business on March 31, 2021.
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||$0.1638125||March 18, 2021||March 31, 2021|
|Series 3||CPX.PR.C||$0.3408125||March 18, 2021||March 31, 2021|
|Series 5||CPX.PR.E||$0.327375||March 18, 2021||March 31, 2021|
|Series 7||CPX.PR.G||$0.375||March 18, 2021||March 31, 2021|
|Series 9||CPX.PR.I||$0.359375||March 18, 2021||March 31, 2021|
|Series 11||CPX.PR.K||$0.359375||March 18, 2021||March 31, 2021|
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 is a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy headquartered in Edmonton, Alberta. We build, own and operate high-quality, utility-scale generation facilities that include renewables and thermal. We have also made significant investments in carbon capture and utilization to reduce carbon impacts and are committed to be off coal in 2023. Capital Power owns over 6,500 megawatts (MW) of power generation capacity at 28 facilities across North America with approximately 425 MW of owned renewable generation capacity and 560 MW of incremental natural gas combined cycle capacity, from the repowering of Genesee 1 and 2, in advanced development in Alberta and North Carolina.