TransAlta Renewables Inc (TSE:RNW) announced a monthly dividend on Tuesday, October 31st, TickerTech reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.0783 per share on Thursday, November 30th. This represents a $0.94 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend is Tuesday, October 31st.

TransAlta Renewables (RNW) remained flat at $13.81 during midday trading on Monday. 230,704 shares of the stock were exchanged. The stock has a 50-day moving average price of $14.05 and a 200-day moving average price of $14.93. The firm has a market cap of $3.47 billion and a price-to-earnings ratio of 31.53. TransAlta Renewables has a 12-month low of $12.66 and a 12-month high of $16.25.

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A number of brokerages have issued reports on RNW. TD Securities decreased their price target on TransAlta Renewables from C$16.00 to C$15.50 and set a “hold” rating for the company in a report on Friday, August 11th. National Bank Financial reaffirmed a “sector perform under weight” rating on shares of TransAlta Renewables in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of C$15.08.

TransAlta Renewables Company Profile

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.

Dividend History for TransAlta Renewables (TSE:RNW)

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