TransAlta Dividends and Buybacks
Dividend criteria checks 2/6
TransAlta is a dividend paying company with a current yield of 1.2% 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
1.2%
Dividend yield
2.0%
Buyback Yield
| Total Shareholder Yield | 3.2% |
| Future Dividend Yield | 1.3% |
| Dividend Growth | -16.4% |
| Next dividend pay date | 01 Jan 25 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | US$0.169 |
| Payout ratio | 45% |
Recent dividend and buyback 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 26Stability 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) | 1.2% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Renewable Energy) | 2.3% |
| Analyst forecast (TAC) (up to 3 years) | 1.3% |
Notable Dividend: TAC's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TAC's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (4.56%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.3%), TAC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.1%), TAC's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 04:49 |
| End of Day Share Price | 2024/12/19 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
TransAlta Corporation is covered by 22 analysts. 7 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 |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| Benjamin Pham | BMO Capital Markets Equity Research |
| Julien Dumoulin-Smith | BofA Global Research |