Live nieuws • May 22
Hydro One Targets Grid Expansion With $3 Billion Ontario Projects and New $1 Billion Debt Financing Hydro One reported Q1 2026 net income up 9.2% year over year, with EPS at $0.65 versus $0.60, and declared a quarterly dividend payable June 30, 2026.
The company is advancing a large capital program, including applications to the Ontario Energy Board for two new high-voltage lines worth about $3 billion and selection to develop several other Ontario transmission projects.
Hydro One Inc. priced $1 billion of 4.750% senior unsecured notes due 2031, with proceeds earmarked for refinancing existing debt and general corporate purposes. Hydro One also highlighted a target of 6 to 8% annual EPS growth and ongoing First Nations equity partnerships in its transmission builds.
Taken together, the recent earnings, new transmission mandates and debt issuance point to a company leaning into long-term grid expansion while managing its funding mix and capital structure.
The main trade-offs for investors are the regulated growth and dividend profile on one side, and on the other side higher financing needs, regulatory decisions on cost recovery, and execution risk on multiple large-scale projects. Declared Dividend • May 17
First quarter dividend of CA$0.35 announced Shareholders will receive a dividend of CA$0.35. Ex-date: 10th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 15
Hydro One Limited Declares Quarterly Common Share Dividend, Payable on June 30, 2026 Hydro One Limited announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.3531 per share to common shareholders to be paid on June 30, 2026 to shareholders of record on June 10, 2026. Reported Earnings • May 14
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CA$0.65 (up from CA$0.60 in 1Q 2025). Revenue: CA$2.65b (up 10.0% from 1Q 2025). Net income: CA$391.0m (up 9.2% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Aankondiging • Apr 14
Hydro One Limited to Report Q1, 2026 Results on May 13, 2026 Hydro One Limited announced that they will report Q1, 2026 results Pre-Market on May 13, 2026 Aankondiging • Apr 07
Hydro One Limited, Annual General Meeting, Jun 09, 2026 Hydro One Limited, Annual General Meeting, Jun 09, 2026. Upcoming Dividend • Mar 04
Upcoming dividend of CA$0.33 per share Eligible shareholders must have bought the stock before 11 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (2.6%). Aankondiging • Feb 20
Hydro One Limited Announces Directorate Changes Hydro One Limited announced that the Government of Ontario's nominee Deb Hutton has been appointed to the company's Board of Directors, effective February 19, 2026. Deb Hutton is a communications professional with nearly three decades of experience guiding organizations through complex communications challenges and leading high performing teams across both the public and private sectors. She began her career in politics, advising candidates, elected officials, and leaders—experience that gives her deep insight into public expectations and government relations. Ms. Hutton is dedicated to community service and has contributed her time and leadership to a variety of Boards including Metrolinx, York University Board of Governors, the JaysCare Foundation, Niagara Peninsula Children's Centre and the Speech and Stuttering Institute. Deb Hutton will fill the board vacancy created when Cherie Brant did not stand for re-election at the company's 2025 annual general meeting of shareholders. Declared Dividend • Feb 17
Fourth quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 11th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CA$2.23 (up from CA$1.93 in FY 2024). Revenue: CA$9.04b (up 6.6% from FY 2024). Net income: CA$1.34b (up 16% from FY 2024). Profit margin: 15% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 13
Hydro One Limited Declares Quarterly Common Share Dividend, Payable on March 31, 2026 Hydro One Limited announced that its Board of Directors has declared a quarterly cash dividend of $0.3331 per share to common shareholders to be paid on March 31, 2026 to shareholders of record on March 11, 2026. Aankondiging • Jan 13
Hydro One Limited to Report Q4, 2025 Results on Feb 13, 2026 Hydro One Limited announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 13, 2026 Upcoming Dividend • Dec 03
Upcoming dividend of CA$0.33 per share Eligible shareholders must have bought the stock before 10 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (2.8%). Declared Dividend • Nov 16
Third quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 10th December 2025 Payment date: 31st December 2025 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: CA$0.70 (up from CA$0.62 in 3Q 2024). Revenue: CA$2.30b (up 4.9% from 3Q 2024). Net income: CA$421.0m (up 14% from 3Q 2024). Profit margin: 18% (up from 17% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Nov 14
Hydro One Limited Provides Earnings Guidance for the Year 2027 Hydro One Limited provided earnings guidance for the year 2027. For the year, the company expects earnings per share to grow between 6% and 8% annually through 2027, using the normalized 2022 EPS of $1.61 as a base. Aankondiging • Nov 13
Hydro One Limited Declares Quarterly Common Share Dividend, Payable on December 31, 2025 Hydro One Limited announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of CAD 0.3331 per share to be paid on December 31, 2025 to shareholders of record on December 10, 2025. Aankondiging • Oct 11
Hydro One Limited to Report Q3, 2025 Results on Nov 13, 2025 Hydro One Limited announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 Upcoming Dividend • Sep 03
Upcoming dividend of CA$0.33 per share Eligible shareholders must have bought the stock before 10 September 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Canadian dividend payers (6.0%). In line with average of industry peers (3.0%). Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Mike Rencheck was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 15
Second quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 10th September 2025 Payment date: 29th September 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: CA$0.55 (up from CA$0.49 in 2Q 2024). Revenue: CA$2.07b (up 1.7% from 2Q 2024). Net income: CA$327.0m (up 12% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Aug 14
Hydro One Limited announces Quarterly dividend, payable on September 29, 2025 Hydro One Limited announced Quarterly dividend of CAD 0.3331 per share payable on September 29, 2025, ex-date on September 10, 2025 and record date on September 10, 2025. Aankondiging • Jul 12
Hydro One Limited to Report Q2, 2025 Results on Aug 13, 2025 Hydro One Limited announced that they will report Q2, 2025 results Pre-Market on Aug 13, 2025 Aankondiging • Jun 06
Hydro One Limited Announces Board Changes Hydro One Limited announced that Melissa Sonberg has been appointed as the new Chair of the Board, effective June 4, 2025. Ms. Sonberg joined the Board of Directors on August 14, 2018. She replaces Timothy Hodgson, who resigned as Chair of the Board of Directors on April 28, 2025, following an unpaid leave of absence to run for political office. Susan Wolburgh Jenah served as Interim Chair of the Board from March 24, 2025, to June 4, 2025, and has continued to serve as Chair of the Governance and Regulatory Committee. Melissa Sonberg is a corporate director and Chair of the Board of Hydro One Limited. Ms. Sonberg was most recently a Professor of Practice at McGill University's Desautels Faculty of Management, where she was a faculty member from 2014 to 2024. She spent the early part of her career in the healthcare industry before joining Air Canada, where she held leadership positions in a range of customer-facing, operational, and corporate functions. Ms. Sonberg was part of the founding executive team of Aeroplan, which became part of AIMIA Inc. She held positions of Senior Vice President, Human Resources & Corporate Affairs, and Senior Vice President, Global Brands, Communications, and External Affairs at AIMIA from 2001 to 2013. Ms. Sonberg sits on the boards of Exchange Income Corporation (TSX), Athennian, Enghouse Systems Inc. (TSX), Canada Post Corporation, and the Canadian Foundation for Governance Research. She holds a Bachelor of Science (Psychology) from McGill University, a Master of Health Administration from the University of Ottawa, and holds her ICD.D. She is a Certified Human Resource Executive (CHRE). Upcoming Dividend • Jun 04
Upcoming dividend of CA$0.33 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (3.0%). Board Change • May 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Brian Vaasjo was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CA$49.70. The fair value is estimated to be CA$41.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Declared Dividend • May 12
First quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 11th June 2025 Payment date: 30th June 2025 Dividend yield will be 2.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.4% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CA$0.60 (up from CA$0.49 in 1Q 2024). Revenue: CA$2.41b (up 11% from 1Q 2024). Net income: CA$358.0m (up 22% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 08
Hydro One Limited Declares Quarterly Cash Dividend, Payable on June 30, 2025 Hydro One Limited announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of $0.3331 per share to be paid on June 30, 2025 to shareholders of record on June 11, 2025. Aankondiging • May 02
Tim Hodgson Resigns as Chair of the Board of Directors of Hydro One Limited Hydro One Limited announced that Tim Hodgson has resigned from his position as Chair of the Board of Directors after successfully running in the federal election, during which time he was on an unpaid leave of absence. The Board of Directors has launched a process to select a new Chair. In the interim, Susan Wolburgh Jenah will continue to serve as Interim Chair of the Board and as Chair of the Governance and Regulatory Committee. Aankondiging • Apr 05
Hydro One Limited to Report Q1, 2025 Results on May 08, 2025 Hydro One Limited announced that they will report Q1, 2025 results Pre-Market on May 08, 2025 Aankondiging • Apr 04
Hydro One Limited, Annual General Meeting, Jun 24, 2025 Hydro One Limited, Annual General Meeting, Jun 24, 2025. Location: ontario, toronto Canada Buy Or Sell Opportunity • Apr 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to CA$50.36. The fair value is estimated to be CA$41.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 5.1%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Aankondiging • Mar 26
Hydro One Limited Announces Susan Wolburgh Jenah as Interim Chair of the Board of Directors Hydro One Limited announced that Susan Wolburgh Jenah was selected by the Board of Directors to serve as Interim Chair of the Board. The current Chair, Timothy Hodgson, has taken an unpaid leave of absence to run in the federal election for the Liberal Party of Canada. Susan Wolburgh Jenah joined the Board of Directors on January 1, 2020 and serves as the Governance and Regulatory Committee Chair, and as a member of the Indigenous, Peoples, Safety and Operations Committee. Susan Wolburgh Jenah is a corporate director with four decades of experience as a senior regulator, chief executive officer, lawyer and director. Throughout her career, she has served on numerous corporate, Crown corporation and not–for–profit boards and expert advisory committees. Ms. Wolburgh Jenah currently serves on the board of Aecon Group Inc. (TSX) and is Chair of the Corporate Governance, Nominating and Compensation Committee. She recently served as Vice–Chair of Humber River Hospital and as a member of the Independent Review Committee of Vanguard Investments Canada. Prior directorships include serving as a Public Governor of the U.S. Financial Industry Regulatory Authority, as Chair of the NEO Exchange, and as a director of Laurentian Bank of Canada, Aequitas Innovations, The Global Risk Institute, the Investment Industry Regulatory Organization of Canada (IIROC), and the Institute of Corporate Directors. Ms. Wolburgh Jenah was the founding President and CEO of IIROC and held numerous executive roles at the Ontario Securities Commission, including Vice–Chair, Acting Chair, General Counsel and Head of International Affairs. Ms. Wolburgh Jenah holds a Bachelor of Arts from the University of Toronto and a Juris Doctor from Osgoode Hall Law School. She is also a member of the C.D. Howe National Advisory Council and served as Mentor to the Catalyst Women on Board Program. She is a prior Fellow and Adjunct Professor at Osgoode Hall Law School and recipient of the Osgoode Hall Gold Key for Achievement in 2011. Ms. Wolburgh Jenah holds her ICD.D. Declared Dividend • Feb 24
Fourth quarter dividend of CA$0.31 announced Shareholders will receive a dividend of CA$0.31. Ex-date: 12th March 2025 Payment date: 31st March 2025 Dividend yield will be 2.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 23
Hydro One Limited Revises Earnings Guidance for the Year 2027 Hydro One Limited revised earnings guidance for the year 2027. For the period, company revised its expected EPS guidance range for 2027 to $2.15 to $2.37 (compared to the Company’s previous expectations for EPS for 2027 of $2.05 to $2.26). This range translates to an annualized growth rate of 6% to 8%, for the 2023 to 2027 period, relative to normalized 2022 earnings, (compared to the previous expectation for an annualized growth rate of 5% to 7%). The increase to the EPS guidance results from: (i) a conservative estimate in rural broadband capital expenditures of approximately $300 million that are expected to contribute to future earnings; and (ii) the earnings contribution expected following the closing of the Company’s recently announced agreement to acquire a minority interest in the East-West Tie Transmission Line. Aankondiging • Feb 21
Hydro One Limited Declares Quarterly Cash Dividend, Payable on March 31, 2025 Hydro One Limited announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of $0.3142 per share to be paid on March 31, 2025 to shareholders of record on March 12, 2025. Unless indicated otherwise, all common share dividends paid by Hydro One Limited to shareholders are designated as "eligible" dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation. Such quarterly dividends, unless and until changed, are only payable as and when declared by Hydro One Limited's Board of Directors and there is no entitlement to any dividend prior thereto. Reported Earnings • Feb 20
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: CA$1.93 (up from CA$1.81 in FY 2023). Revenue: CA$8.48b (up 8.2% from FY 2023). Net income: CA$1.16b (up 6.5% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 18
Hydro One Limited to Report Q4, 2024 Results on Feb 20, 2025 Hydro One Limited announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025 Upcoming Dividend • Dec 04
Upcoming dividend of CA$0.31 per share Eligible shareholders must have bought the stock before 11 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (3.0%). Declared Dividend • Nov 09
Third quarter dividend of CA$0.31 announced Shareholders will receive a dividend of CA$0.31. Ex-date: 11th December 2024 Payment date: 31st December 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 08
Hydro One Limited Declares Quarterly Cash Dividend, Payable on December 31, 2024 Hydro One Limited announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of $0.3142 per share to be paid on December 31, 2024 to shareholders of record on December 11, 2024. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CA$0.62 (up from CA$0.60 in 3Q 2023). Revenue: CA$2.19b (up 13% from 3Q 2023). Net income: CA$371.0m (up 3.9% from 3Q 2023). Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 05
Hydro One Limited to Report Q3, 2024 Results on Nov 07, 2024 Hydro One Limited announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Upcoming Dividend • Sep 04
Upcoming dividend of CA$0.31 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (3.1%). Declared Dividend • Aug 16
Second quarter dividend of CA$0.31 announced Shareholders will receive a dividend of CA$0.31. Ex-date: 11th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CA$0.49 (up from CA$0.44 in 2Q 2023). Revenue: CA$2.03b (up 9.4% from 2Q 2023). Net income: CA$292.0m (up 10% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 13
Hydro One Limited to Report Q2, 2024 Results on Aug 14, 2024 Hydro One Limited announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024 Upcoming Dividend • Jun 05
Upcoming dividend of CA$0.31 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (3.2%). Declared Dividend • May 16
First quarter dividend increased to CA$0.31 Dividend of CA$0.31 is 6.0% higher than last year. Ex-date: 12th June 2024 Payment date: 28th June 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.4% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2024 results: EPS: CA$0.49 (up from CA$0.47 in 1Q 2023). Revenue: CA$2.17b (up 4.4% from 1Q 2023). Net income: CA$293.0m (up 3.9% from 1Q 2023). Profit margin: 14% (in line with 1Q 2023). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Electric Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. 
