Hydro One Ltd (H) Announces Quarterly Dividend of $0.22
Hydro One Ltd (TSE:H) announced a quarterly dividend on Monday, December 11th, TickerTech reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.22 per share on Friday, December 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, December 11th.
Shares of Hydro One (TSE H) traded down C$0.03 on Wednesday, reaching C$22.73. The company’s stock had a trading volume of 504,087 shares, compared to its average volume of 690,521. Hydro One has a 12 month low of C$21.32 and a 12 month high of C$24.66.
A number of brokerages have commented on H. TD Securities lowered their price target on Hydro One from C$24.00 to C$23.00 in a research report on Monday, November 13th. Barclays decreased their price objective on Hydro One from C$24.00 to C$23.00 in a report on Monday, October 2nd. CIBC decreased their price objective on Hydro One from C$28.00 to C$27.50 in a report on Monday, October 2nd. Scotiabank decreased their price objective on Hydro One from C$25.50 to C$24.50 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Finally, CSFB reissued a “neutral” rating and issued a C$26.00 price objective on shares of Hydro One in a report on Monday, August 14th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$25.67.
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Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.
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