Hydro One Ltd (TSE:H) to Issue $0.24 Quarterly Dividend

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Hydro One Ltd (TSE:H) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.242 per share on Tuesday, December 31st. This represents a $0.97 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Tuesday, December 10th.

Shares of TSE H opened at C$23.63 on Friday. The company has a 50 day simple moving average of C$24.43 and a 200 day simple moving average of C$23.48. The firm has a market cap of $14.19 billion and a PE ratio of -73.84. Hydro One has a 1 year low of C$19.20 and a 1 year high of C$25.06. The company has a debt-to-equity ratio of 130.07, a current ratio of 0.41 and a quick ratio of 0.36.

Hydro One (TSE:H) last released its quarterly earnings results on Friday, August 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.26. The firm had revenue of C$1.41 billion for the quarter. As a group, research analysts anticipate that Hydro One will post 1.42 earnings per share for the current fiscal year.

Several research firms have issued reports on H. CIBC raised their price target on shares of Hydro One from C$24.00 to C$25.00 in a report on Wednesday, October 23rd. CSFB upgraded shares of Hydro One from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$24.00 to C$27.00 in a report on Monday, August 19th. Royal Bank of Canada raised their price target on shares of Hydro One from C$25.00 to C$26.00 in a report on Wednesday, August 21st. BMO Capital Markets raised their price target on shares of Hydro One from C$24.00 to C$25.00 in a report on Monday, September 9th. Finally, Raymond James restated a “market perform” rating and set a C$25.00 price target on shares of Hydro One in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$24.39.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.

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Dividend History for Hydro One (TSE:H)

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