Transalta Renewables dividend – TransAlta Renewables Declares Cash Dividend of 0.07833.
February 9, 2023
Dividends Yield
Transalta Renewables dividend – On February 1, 2023, they declared a cash dividend of 0.07833. If you are looking for a dividend stock, TRANSALTA RENEWABLES ($BER:0TA) might be the right choice for you. Over the past 3 years, they have issued annual dividends per share of 0.94, 0.94 and 0.86 CAD respectively. The dividend yields from 2020 to 2022 have been 5.0%, 4.74% and 3.14%, averaging out to a 4.29% yield. The ex-dividend date for 2023 is February 14.
TRANSALTA RENEWABLES is listed on the Toronto Stock Exchange (TSX) and is one of the largest non-regulated renewable power producers in Canada. They own and/or operate wind farms, hydroelectric plants and natural gas-fired power plants across Canada and the United States. They are also paying out a dividend yield of 4.29% which is an attractive addition to their portfolio. With their ex-dividend date for 2023 set for February 14, this could be an ideal time to invest in this stock for long-term gains.
Share Price
TransAlta Renewables is a leading Canadian power generation and energy infrastructure company focused on creating long-term value for its shareholders through the ownership and management of renewable power generation and energy infrastructure assets in Canada, the U.S., and Australia. The stock opened at €8.5 and closed at €8.3, down by 1.2% from the prior closing price of 8.4. TransAlta Renewables’ financial position is strong, with total assets of €5 billion and total liabilities of €2 billion as of December 31, 2020.
TransAlta Renewables is continuing to focus on increasing its renewable energy production and expanding its presence in the renewable energy market, with an aim to become one of the largest owners and operators of renewable power in North America. With its strong financial and operational performance, TransAlta Renewables is well-positioned to capitalize on new opportunities in the renewable energy sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Transalta Renewables. More…
| Total Revenues | Net Income | Net Margin |
| 544 | 77 | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Transalta Renewables. More…
| Operations | Investing | Financing |
| 239 | -78 | -172 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Transalta Renewables. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.37k | 1.55k | 8.45 |
Key Ratios Snapshot
Some of the financial key ratios for Transalta Renewables are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | -11.2% | 24.3% |
| FCF Margin | ROE | ROA |
| 66.0% | 4.6% | 2.5% |
Analysis
TRANSALTA RENEWABLES is an energy company focused on the development and operation of renewable energy projects. GoodWhale assigns a risk rating to each company, with TRANSALTA RENEWABLES receiving a medium risk rating. This means it is a relatively safe investment, but still carries some risks. GoodWhale has detected three risk warnings related to the company’s income sheet, balance sheet, and cashflow statement. It is important for investors to understand these risks before investing. GoodWhale also provides an analysis of the company’s financial statements as well as a comprehensive overview of its operations. Investors can use this information to assess the company’s performance and make an informed decision about whether or not to invest in it. Additionally, GoodWhale offers investors the ability to compare the fundamentals of different companies side by side. This allows them to compare the performance of different companies and make the best investment decision. In summary, investors can use GoodWhale to analyze the fundamentals of TRANSALTA RENEWABLES and make an informed decision about whether or not to invest in it. GoodWhale provides an analysis of the company’s financials, operations, and risk factors, as well as the ability to compare different companies. Before investing, it is important to understand the risks associated with TRANSALTA RENEWABLES and weigh them against its potential rewards. More…
Summary
Investing in TRANSALTA RENEWABLES could be a lucrative option, as they have consistently paid out an average dividend yield of 4.29% over the past three years. Their 2020 dividend yield was 5.0%, followed by 4.74% and 3.14% in 2021 and 2022, respectively. With the 2023 ex-dividend date set for February 14, investors will have ample time to analyze the company’s performance before making their investment decision. Investors looking for a steady stream of income should consider investing in TRANSALTA RENEWABLES. The stock’s dividend yield is relatively attractive when compared to the market average, and dividends are paid out on a regular basis. Furthermore, the company boasts a strong balance sheet, with low debt levels and a high return on equity. Overall, TRANSALTA RENEWABLES is an attractive option for investors seeking dividend income. The company has demonstrated its commitment to shareholders by consistently paying out dividends over the past three years, and the stock’s dividend yield is higher than the market average.
Additionally, the company’s financials are sound, with low debt levels and a high return on equity.
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