Insider Buying: TransAlta Co. (TA) Insider Purchases C$471,739.36 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider David Fuller bought 9,832 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of C$47.98 per share, for a total transaction of C$471,739.36.

Shares of TransAlta Co. (TSE TA) opened at C$7.68 on Monday. TransAlta Co. has a twelve month low of C$6.88 and a twelve month high of C$8.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.16 annualized dividend and a yield of 2.08%. TransAlta’s dividend payout ratio is presently 266.67%.

Separately, Scotiabank set a C$8.00 target price on TransAlta and gave the company a “sector perform” rating in a report on Friday, August 11th.

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About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

Insider Buying and Selling by Quarter for TransAlta (TSE:TA)

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