Hydro One Dividends and Buybacks
Dividend criteria checks 2/6
Hydro One is a dividend paying company with a current yield of 2.84% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 11th December, 2024.
Key information
2.8%
Dividend yield
-0.007%
Buyback Yield
| Total Shareholder Yield | 2.8% |
| Future Dividend Yield | 3.2% |
| Dividend Growth | -3.7% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 11 Dec 24 |
| Dividend per share | CA$1.257 |
| Payout ratio | 64% |
Recent dividend and buyback updates
Recent updates
Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt
Nov 23
Investor Optimism Abounds Hydro One Limited (TSE:H) But Growth Is Lacking
Oct 17If EPS Growth Is Important To You, Hydro One (TSE:H) Presents An Opportunity
Oct 01Calculating The Intrinsic Value Of Hydro One Limited (TSE:H)
Sep 16Hydro One (TSE:H) Is Due To Pay A Dividend Of CA$0.3142
Aug 17Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Aug 03Pinning Down Hydro One Limited's (TSE:H) P/E Is Difficult Right Now
Jul 16A Look At The Intrinsic Value Of Hydro One Limited (TSE:H)
Jun 09These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively
May 04Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes
Apr 15Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes
Dec 30Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, H has been paying a dividend for less than 10 years.
Growing Dividend: H's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Hydro One Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (H) | 2.8% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Electric Utilities) | 3.2% |
| Analyst forecast (H) (up to 3 years) | 3.2% |
Notable Dividend: H's dividend (2.84%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: H's dividend (2.84%) is low compared to the top 25% of dividend payers in the Canadian market (6.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64.5%), H's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: H is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hydro One Limited is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Ross Allen Fowler | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |