TransAlta Renewables Inc (TSE:RNW) declared a monthly dividend on Tuesday, July 14th, TickerTech reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.0783 per share on Friday, July 31st. This represents a $0.94 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Tuesday, July 14th.

RNW stock opened at C$14.03 on Friday. The company has a market capitalization of $3.80 billion and a P/E ratio of 34.99. The company has a 50-day simple moving average of C$14.32 and a 200 day simple moving average of C$15.16. TransAlta Renewables has a fifty-two week low of C$10.82 and a fifty-two week high of C$18.25. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 37.16.

TransAlta Renewables (TSE:RNW) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.20 by C($0.19). The company had revenue of C$110.00 million for the quarter, compared to analyst estimates of C$121.80 million. Equities analysts anticipate that TransAlta Renewables will post 0.82 EPS for the current year.

RNW has been the subject of several research analyst reports. Raymond James raised shares of TransAlta Renewables from a “market perform” rating to an “outperform” rating and set a C$16.50 price objective for the company in a report on Wednesday, March 25th. CIBC upped their price objective on shares of TransAlta Renewables from C$15.00 to C$15.50 in a report on Thursday, April 23rd. AltaCorp Capital reaffirmed a “sector perform” rating on shares of TransAlta Renewables in a report on Monday, July 6th. TD Securities upgraded shares of TransAlta Renewables from a “hold” rating to a “buy” rating and set a C$17.50 price target on the stock in a research report on Tuesday, March 31st. Finally, National Bank Financial boosted their price target on shares of TransAlta Renewables from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$16.58.

TransAlta Renewables Company Profile

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,414 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Qu├ębec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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Dividend History for TransAlta Renewables (TSE:RNW)

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