TransAlta Corp T.TA.PR.E

9% dividend increase payout ratio

[rustyblades]

According to a TD report

"TransAlta has increased its quarterly dividend to $0.06/ share (previously $0.055), for an annualized dividend of $0.24 (2.1% yield). An annual dividend of $0.24 implies a payout ratio of 14% using the midpoint of 2024 FCF/share guidance."

A payout ratio of 14% leaves a lot of room for future increases.

[pennydredful]

Does  it  explain  todays   beat   down?

[rustyblades]

I started writing the post before the market opened. I have no idea why it is down by 8%. Perhaps the analysts will provide some insight after the presentation call. It all looked good to me.

[pennydredful]

td    report   says   2024   outlook   soft      so    hold  off  till  tax  loss selling     CLIMAXES.  in   mid to late   dec. 

[darb]

I'm sure the selling is all the former RNW shareholders. They were holding on to see if TA would have a significant dividend increase. We have dropped from a substantial MONTHLY dividend to a paltry quarterly dividend!

[pennydredful]

Trying  to blind  people  with  this  paltry dividend  increase to the fact   that  the  outlook  is mediocre  at  best 

[borne2run]

RNW shareholders should have rotated into the Transalta Preferred shares, which have (or will have) decent yields. For example, TA.pr.H yields over 8%. The era of zero interest rates is over.  TA will be increasing its debt load to build out underwhelming geen energy projects.  Better opportunities elsewhere.

[Red_Deer]

Even BETTER that the pr.H__the pr.E currently Yield 12.25%__the pr.G Yield 11.25%

[Red_Deer]

The Dividends for the Preferred shares were just Declared for PayOut March 31st Using the BID PRICE for End of Trading the Current Yields are as Below Yield D 6.1369 Yield E 12.3132 Yield G 11.0924 Yield H 8.3666 Yield J 6.6684 Here is the Dividend Announcement Preferred Shares TSX Stock Symbol