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 $0.58 per share on the outstanding common shares for the quarter ending March 31, 2023. The dividend is payable on April 28, 2023 to shareholders of record at the close of business on March 31, 2023.
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 20, 2023||March 31, 2023|
|Series 3||CPX.PR.C||$0.3408125||March 20, 2023||March 31, 2023|
|Series 5||CPX.PR.E||$0.327375||March 20, 2023||March 31, 2023|
|Series 11||CPX.PR.K||$0.359375||March 20, 2023||March 31, 2023|
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.
In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.
About Capital Power
Capital Power (TSX: CPX) 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. Capital Power owns approximately 7,500 MW of power generation capacity at 29 facilities across North America. Projects in advanced development include approximately 310 MW of owned renewable generation capacity in North Carolina and Alberta and 512 MW of incremental natural gas combined cycle capacity, from the repowering of Genesee 1 and 2 in Alberta.