Hydro One Limited (TSE:H) Announces $0.33 Quarterly Dividend

Key Points

• Hydro One Limited has declared a quarterly dividend of C$0.33 per share, set to be paid on September 29th to investors of record on September 10th, representing an annualized yield of 2.6%.
• The company's stock recently traded at C$50.94, with a market capitalization of C$30.54 billion, and has a year range between C$42.52 and C$53.98.
• Hydro One operates as Ontario's largest electricity provider, serving close to 1.5 million customers, with 60% of its revenue sourced from transmission assets.

Hydro One Limited (TSE:H - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.3331 per share on Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 2.6%.

Hydro One Stock Performance

H traded down C$0.08 during trading on Monday, hitting C$50.79. The company's stock had a trading volume of 578,477 shares, compared to its average volume of 1,002,202. The business's 50 day simple moving average is C$49.20 and its 200-day simple moving average is C$48.84. The firm has a market cap of C$30.45 billion, a PE ratio of 26.78, a P/E/G ratio of 3.17 and a beta of 0.34. Hydro One has a one year low of C$42.52 and a one year high of C$53.98. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. CIBC decreased their target price on Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st. TD Securities upped their price target on Hydro One from C$52.00 to C$54.00 and gave the stock a "hold" rating in a research report on Thursday. National Bankshares raised their price objective on Hydro One from C$47.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Thursday. Raymond James Financial boosted their price objective on Hydro One from C$48.00 to C$49.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, BMO Capital Markets increased their target price on shares of Hydro One from C$46.00 to C$50.00 and gave the stock a "market perform" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$51.00.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.