Hydro One Limited (TSE:H) Increases Dividend to $0.35 Per Share

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, June 10th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.3531 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 6.0% increase from Hydro One’s previous quarterly dividend of $0.33.

Hydro One Price Performance

H stock opened at C$56.97 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 149.17. Hydro One has a one year low of C$47.54 and a one year high of C$60.46. The firm has a market capitalization of C$34.19 billion, a PE ratio of 24.99, a P/E/G ratio of 3.17 and a beta of 0.35. The firm has a 50-day moving average of C$58.10 and a two-hundred day moving average of C$56.22.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$1.22 billion during the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. On average, analysts forecast that Hydro One will post 2.0572195 earnings per share for the current year.

About Hydro One

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.