Hydro One Limited (TSE:H) to Issue Dividend Increase - $0.33 Per Share

Hydro One Limited (TSE:H - Get Free Report) announced a quarterly dividend on Wednesday, June 11th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.3331 per share on Monday, June 30th. This represents a $1.33 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, June 11th. This is a 6.0% increase from Hydro One's previous quarterly dividend of $0.31.

Hydro One Trading Down 0.8%

Shares of H stock opened at C$49.44 on Monday. The firm has a 50-day moving average price of C$50.36 and a 200 day moving average price of C$47.23. Hydro One has a twelve month low of C$38.24 and a twelve month high of C$53.98. The company has a market capitalization of C$29.64 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53.

Analyst Ratings Changes

A number of research firms have recently commented on H. Jefferies Financial Group upped their price objective on shares of Hydro One from C$45.00 to C$49.00 and gave the company a "hold" rating in a research note on Tuesday, April 15th. BMO Capital Markets upped their price objective on 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. Desjardins set a C$58.00 price target on Hydro One and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Scotiabank upped their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Raymond James dropped their target price on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$49.67.

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.

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