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CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) — The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.06 per common share to be paid on July 1, 2024 Payable to shareholders of record is at the close of business on June 1, 2024.
The Board has also declared the following quarterly dividend on its First Preferred Shares with cumulative redeemable interest reset for the period from March 31, 2024 (inclusive) to June 30, 2024 (exclusive):
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| Preferred Shares |
TSX stock symbol |
dividend rate |
Dividend per share |
Record Date |
payment Date |
||
| Series A | TA.PR.D | 2.877% | $0.17981 | June 1, 2024 | June 30, 2024 | ||
| Series B* | TA.PR.E. | 7.011% | $0.43579 | June 1, 2024 | June 30, 2024 | ||
| Series C | TA.PR.F | 5.854% | $0.36588 | June 1, 2024 | June 30, 2024 | ||
| Series D* | TA.PR.G | 8.081% | $0.50230 | June 1, 2024 | June 30, 2024 | ||
| Series E | TA.PR.H | 6.894% | $0.43088 | June 1, 2024 | June 30, 2024 | ||
| Series G | TA.PR.J | 4.988% | $0.31175 | June 1, 2024 | June 30, 2024 | ||
*Please note that the quarterly variable interest rate for the Series B and D Preferred Stock resets quarterly.
All currencies are expressed in Canadian dollars unless otherwise stated. If the dividend payment date falls on a weekend or a public holiday, the payment will be made on the following working day.
About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides clean, affordable, energy efficient and reliable electricity to municipalities, medium and large industrial facilities, businesses and utility customers. Today, TransAlta is one of Canada’s largest wind power producers and Alberta’s largest hydroelectric power producer. For over 112 years, TransAlta has been a responsible operator and a proud member of the communities in which we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for companies. Our reporting on climate change management is based on the International Financial Reporting Standards (IFRS) S2 Climate-Related Disclosures Standard and the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). TransAlta has achieved a 66 percent reduction in greenhouse gas emissions, or 21.3 million metric tons of CO2e, since 2015 and has received an improved MSCI ESG rating of AA.
For more information about TransAlta, visit the website at transalta.com.
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