Capital Power declares dividends for its Common and Cumulative Rate Reset Preference shares
EDMONTON, April 26, 2013 /CNW/ - The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital
Power) declared a dividend of $0.315 per share on the outstanding
common shares for the quarter ending June 30, 2013. The dividend is
payable on July 31, 2013 to shareholders of record at the close of
business on June 28, 2013.
The Board of Directors also declared the following dividends on its
Cumulative Rate Reset Preference Shares:
Shares
|
TSX Stock Symbol
|
Dividend Per Share
|
Record Date
|
Payment Date
|
Series 1
|
CPX.PR.A
|
$0.2875
|
June 17, 2013
|
June 28, 2013
|
Series 3
|
CPX.PR.C
|
$0.2875
|
June 17, 2013
|
June 28, 2013
|
Series 5
|
CPX.PR.E
|
$0.3329*
|
June 17, 2013
|
June 28, 2013
|
*The initial quarterly dividend on the Series 5 Cumulative Rate Reset
Preference Shares represents the time period from when the initial
share offering closed on March 14, 2013 to June 30, 2013. Future
quarterly dividends, if declared, will be $0.28125 per quarter or
$1.125 per annum for the initial five-year period ending June 30, 2018.
The dividends for the common shares and preference shares are 100 per
cent eligible dividends as defined by the Income Tax Act. Under this
legislation, individuals resident in Canada may be entitled to enhanced
dividend tax credits that reduce the income tax otherwise payable on
these dividends.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power
producer headquartered in Edmonton, Alberta. The company develops,
acquires, operates and optimizes power generation from a variety of
energy sources. Capital Power owns more than 3,600 megawatts of power
generation capacity at 16 facilities across North America. An
additional 595 megawatts of owned generation capacity is under
construction or in advanced development in Alberta and Ontario.
SOURCE: Capital Power Corporation
Media inquiries: Michael Sheehan (780) 392-5222
Investor inquiries: Randy Mah (780) 392-5305 or (866) 896-4636 (toll-free)