July 29, 2019

Capital Power declares dividends for its Common and Preference shares and announces a 7.3% dividend increase for its common shares


best new online casino– The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.48 per share on the outstanding common shares for the quarter ending September 30, 2019. The dividend is payable on October 31, 2019 to shareholders of record at the close of business on September 30, 2019. The quarterly dividend of $0.48 per common share compared New casino gamesto the previous > for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.48 per share on the outstanding common shares for the quarter ending September 30, 2019. The dividend is payable on October 31, 2019 to shareholders of record at the close of business on September 30, 2019. The quarterly dividend of $0.48 per common share compared to the previous $0.4475 dividend represents a 7.3% increase, and an annualized dividend of $1.92 per common share.<.4475 dividend represents a 7.3% increase, and an annualized dividend of $1.92 per common share.

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 $0.19125 September 17, 2019 September 30, 2019
Series 3 CPX.PR.C $0.3408125 September 17, 2019 September 30, 2019
Series 5 CPX.PR.E $0.327375 September 17, 2019 September 30, 2019
Series 7 CPX.PR.G $0.375 September 17, 2019 September 30, 2019
Series 9 CPX.PR.I $0.359375 September 17, 2019 September 30, 2019
Series 11 CPX.PR.K $0.359375 September 17, 2019 September 30, 2019

 

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 New online casinosincome 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, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns nearly 6,000 megawatts (MW) of power generation capacity at 26 facilities across North America. Approximately 900 MW of owned generation capacity is in advanced development in Alberta and Illinois.