Hydro One Limited Plans Quarterly Dividend of $0.35 (TSE:H)

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, September 9th. Stockholders of record on Tuesday, September 29th will be paid a dividend of 0.3531 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 9th.

Hydro One Price Performance

Shares of TSE H opened at C$53.11 on Monday. The business has a 50-day moving average of C$56.95 and a two-hundred day moving average of C$57.60. The company has a debt-to-equity ratio of 154.61, a current ratio of 0.88 and a quick ratio of 0.30. The company has a market capitalization of C$31.87 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 3.17 and a beta of 0.23. Hydro One has a 1 year low of C$48.22 and a 1 year high of C$60.57.

Hydro One (TSE:H) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share for the quarter. The firm had revenue of C$1.23 billion during the quarter. Hydro One had a net margin of 14.87% and a return on equity of 11.08%. On average, analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

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. The province of Ontario holds an approximate 47% common equity stake.