Capital Power Corp (CPX) To Go Ex-Dividend on September 27th

Capital Power Corp (TSE:CPX) announced a quarterly dividend on Monday, July 29th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.48 per share on Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Capital Power’s previous quarterly dividend of $0.42.

TSE:CPX traded down C$0.08 during trading hours on Wednesday, reaching C$31.03. 96,196 shares of the company’s stock were exchanged, compared to its average volume of 293,458. The firm has a market capitalization of $3.34 billion and a price-to-earnings ratio of 11.04. The company has a 50-day moving average of C$30.48 and a 200 day moving average of C$30.66. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 105.69. Capital Power has a 1-year low of C$25.33 and a 1-year high of C$32.44.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.13). The company had revenue of C$334.00 million for the quarter. Research analysts forecast that Capital Power will post 1.6700001 EPS for the current fiscal year.

In other news, Senior Officer Burness Kathryn Chisholm sold 12,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$30.92, for a total value of C$370,994.40. Following the completion of the transaction, the insider now owns 20,653 shares in the company, valued at approximately C$638,512.28. Also, Director Brian Tellef Vaasjo purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of C$29.75 per share, with a total value of C$297,500.00. Following the acquisition, the director now directly owns 128,192 shares in the company, valued at C$3,813,712.

A number of analysts recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of Capital Power from C$31.00 to C$29.00 in a research note on Monday, September 9th. Raymond James upped their price objective on shares of Capital Power from C$35.50 to C$36.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, National Bank Financial upped their price objective on shares of Capital Power from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$32.75.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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Dividend History for Capital Power (TSE:CPX)

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