TransAlta Dividend
Dividend criteria checks 3/6
TransAlta is a dividend paying company with a current yield of 1.7% that is well covered by earnings. Next payment date is on 1st January, 2025 with an ex-dividend date of 29th November, 2024.
Key information
1.7%
Dividend yield
12%
Payout ratio
| Industry average yield | 2.5% |
| Next dividend pay date | 01 Jan 25 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | US$0.240 |
| Earnings per share | US$1.90 |
| Dividend yield forecast | 1.9% |
Recent dividend updates
Recent updates
TransAlta: The Transition Must Accelerate
Mar 07TransAlta: A Major Player, A Good Buy At Below $10.5/Share
Dec 13TransAlta Q4 2022 Earnings Preview
Feb 22TransAlta declares CAD 0.055 dividend
Dec 12TransAlta prices $400M senior green bond offering
Nov 15TransAlta Q3 2022 Earnings Preview
Nov 07TransAlta Q2 2022 Earnings Preview
Aug 04TransAlta declares CAD 0.05 dividend
Jul 28TransAlta: Renewable Growth Stories At Great Valuations
May 26TransAlta Corp.: A Superior Choice To TransAlta Renewables
Feb 28TransAlta Is Up 40% In 2021 And Is Poised To Repeat It In 2022 With Or Without Acquisition By Brookfield
Dec 14TransAlta Investor Day: Clear Targets And Good Outlook, Though Valuations Are Mixed
Oct 13TransAlta announces NCIB for shares
May 26Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TAC's dividend payments have been volatile in the past 10 years.
Growing Dividend: TAC's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| TransAlta Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TAC) | 1.7% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Renewable Energy) | 2.5% |
| Analyst forecast (TAC) (up to 3 years) | 1.9% |
Notable Dividend: TAC's dividend (1.7%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: TAC's dividend (1.7%) is low compared to the top 25% of dividend payers in the US market (4.51%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (12%), TAC's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.9%), TAC's dividend payments are thoroughly covered by cash flows.