Hydro One Limited (TSE:H) to Issue Dividend Increase - $0.31 Per Share

Hydro One Limited (TSE:H - Get Free Report) announced a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.3142 per share on Monday, March 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Wednesday, March 12th. This is a 0.1% increase from Hydro One's previous quarterly dividend of $0.31.

Hydro One Trading Down 0.2 %

Shares of H traded down C$0.09 during mid-day trading on Thursday, reaching C$47.68. The stock had a trading volume of 1,927,664 shares, compared to its average volume of 952,423. Hydro One has a 52-week low of C$37.27 and a 52-week high of C$48.58. The firm has a market cap of C$28.59 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 3.17 and a beta of 0.34. The business's fifty day moving average is C$45.06 and its 200 day moving average is C$45.19. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30.

Analyst Upgrades and Downgrades

H has been the subject of a number of research analyst reports. CIBC increased their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Scotiabank raised 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 report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their price objective on Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hydro One currently has an average rating of "Hold" and an average target price of C$45.43.

Remove Ads

Insider Activity at Hydro One

In other Hydro One news, Director Stacey Mowbray bought 700 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the purchase, the director now owns 700 shares of the company's stock, valued at approximately C$30,818.20. This represents a ∞ increase in their ownership of the stock. Insiders own 47.12% of the company's stock.

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.