Capital Power declares dividends for its Common and Preference shares and announces a 7.1% dividend increase for its common
shares
EDMONTON, AB --(Marketwired - July 26, 2017) - The Board of Directors for Capital
Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.4175 per share on the
outstanding common shares for the quarter ending September 30, 2017. The dividend is payable on October 31, 2017 to shareholders
of record at the close of business on September 29, 2017. The quarterly dividend of $0.4175 per common share compared to the
previous $0.39 dividend represents a 7.1% increase, and an annualized dividend of $1.67 per common share.
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 |
|
$0.19125 |
|
September 18, 2017 |
|
September 29, 2017 |
| Series 3 |
|
CPX.PR.C |
|
$0.2875 |
|
September 18, 2017 |
|
September 29, 2017 |
| Series 5 |
|
CPX.PR.E |
|
$0.28125 |
|
September 18, 2017 |
|
September 29, 2017 |
| Series 7 |
|
CPX.PR.G |
|
$0.375 |
|
September 18, 2017 |
|
September 29, 2017 |
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 approximately 4,500 megawatts of power generation capacity at 24 facilities and is pursuing
contracted generation capacity throughout North America.