Capital Power Corp (CPX) to Issue Quarterly Dividend of $0.42 on January 31st

Capital Power Corp (TSE:CPX) declared a quarterly dividend on Thursday, November 16th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.417 per share on Wednesday, January 31st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Thursday, December 28th.

Capital Power (CPX) traded up C$0.13 during trading hours on Friday, hitting C$24.82. 156,400 shares of the stock were exchanged, compared to its average volume of 300,613. The company has a market cap of $2,610.00, a P/E ratio of 16.22 and a beta of 0.41. Capital Power has a one year low of C$23.15 and a one year high of C$26.51.

A number of equities analysts have recently commented on CPX shares. National Bank Financial raised their price objective on shares of Capital Power from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$28.00 price objective on shares of Capital Power in a report on Friday, December 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$28.29.

In other news, Director Donald James Lowry purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average cost of C$24.68 per share, with a total value of C$74,040.00.

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Capital Power Company Profile

Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.

Dividend History for Capital Power (TSE:CPX)

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