TransAlta Corp T.TA.PR.F

Also puzzled ....

[CanSiamCyp]

.... Penny .... as to why TA did not announce an increase in the dividend ... especially considering that in Nov./22 they announced a 10% increase and proudly stated that it was their fourth consecutive annual increase.

So why stop this year, and why announce the dividend ahead of the quarterly report ... unlike the previous year?

1) Are the upcoming financials so bad that they won't be able to increase the dividend? If so, why not wait until the quarterly report is presented in a few days ... present the bad news ... and swallow the lumps? Puzzling!

2) Is Brookfield going to make a move on TA and so the Board (on which there are 2 Brookfield reps I believe) decided to keep the dividend intact ... cuz they want to avoid any share price rise ... which would necessitate a higher stink-bid take-over bid from Brookfield? Plausible?

Cheers!

[rustyblades]

I see the lack of a raise as a negative. It indicates to me that they are not interested in emulating Fortis with 50 consecutive annual dividend raises. So one possibility is that they don't plan on continuing as a ongoing concern. It looks like the the possibilit of a take under by Brookfield might be nearing reality. With the complication of the RNW partial ownership out of the way it is

[pennydredful]

It would  seem   the new   cash   pending   acquisition   precluded   them  from   increasing   the  dividend    at   least    in  the short   term.  

[rustyblades]

I think you're  correct. The acquisition was probably also why they announced the dividend early ahead of the news release on the acquisition. Still time for an increase a quarter or two down the road once things settle down.