TransAlta Renewables Inc (RNW) to Issue Monthly Dividend of $0.08 on January 31st

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TransAlta Renewables Inc (TSE:RNW) announced a monthly dividend on Monday, January 14th, TickerTech reports. Investors of record on Thursday, January 31st will be paid a dividend of 0.0783 per share on Thursday, January 31st. This represents a $0.94 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Monday, January 14th.

RNW stock traded down C$0.13 during mid-day trading on Wednesday, reaching C$10.79. 44,471 shares of the company traded hands, compared to its average volume of 487,732. The company has a quick ratio of 0.44, a current ratio of 0.60 and a debt-to-equity ratio of 44.14. TransAlta Renewables has a 52-week low of C$9.76 and a 52-week high of C$13.35.

TransAlta Renewables (TSE:RNW) last posted its earnings results on Thursday, November 1st. The company reported C$0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.18). The business had revenue of C$90.00 million during the quarter, compared to analyst estimates of C$95.80 million. As a group, equities analysts predict that TransAlta Renewables will post 0.840000016015253 EPS for the current fiscal year.

A number of research firms have weighed in on RNW. Raymond James reaffirmed a “hold” rating and set a C$12.50 target price on shares of TransAlta Renewables in a report on Tuesday. CIBC reduced their target price on TransAlta Renewables from C$13.00 to C$12.00 in a report on Wednesday, October 24th. Royal Bank of Canada reduced their target price on TransAlta Renewables from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Friday, November 2nd. Desjardins reduced their target price on TransAlta Renewables from C$13.00 to C$12.50 in a report on Friday, November 2nd. Finally, National Bank Financial reduced their target price on TransAlta Renewables from C$12.50 to C$12.00 in a report on Friday, October 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$12.78.

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TransAlta Renewables Company Profile

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of October 19, 2018, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,421 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Qu├ębec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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Dividend History for TransAlta Renewables (TSE:RNW)

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