Transalta Renewables dividend yield – TransAlta Renewables Inc Announces 0.07833 Cash Dividend
March 19, 2023
Dividends Yield
TransAlta Renewables Inc, announced a 0.07833 cash dividend on March 2nd, 2023. The company has been issuing an annual dividend of 0.94 CAD per share for the past three financial years, with a dividend yield of 5.28% for the financial year 2022 to 2023. This makes TRANSALTA RENEWABLES ($BER:0TA) an attractive option for those who are looking to invest their money in dividend stocks. The ex-dividend date is set to be on March 14th, 2023. The recently announced dividend is an indication of the company’s commitment towards providing a steady stream of income to its shareholders. This is further supported by the company’s strong financial performance and robust balance sheet. As a result, investors can look forward to a consistent return on their investments when they choose TRANSALTA RENEWABLES. This dividend announcement has come as a pleasant surprise to many investors who were expecting the company to move away from its traditional dividend policy due to the economic uncertainties brought on by the pandemic.
However, it appears that TRANSALTA RENEWABLES is determined to reward its investors with a steady and attractive dividend payout and will continue doing so in the foreseeable future. With the ex-dividend date for the latest dividend just around the corner, now is the perfect time for investors to consider investing in TRANSALTA RENEWABLES for an attractive and consistent return on their investments.
Stock Price
The announcement sent the stock’s price up 1.7%, with it opening at €7.9 and closing at €8.1. This is up from the previous closing price of 7.9. This dividend reflects TransAlta Renewables commitment to delivering stable and consistent returns to shareholders.
With an impressive portfolio of wind, hydro, solar and natural gas facilities across Canada and the United States, TransAlta Renewables continues to be a leader in the renewable energy industry. These dividends are part of the company’s strategy to generate long-term and sustainable value for shareholders by providing attractive risk-adjusted returns while reducing exposure to commodity prices and other market influences. 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 |
| 560 | 74 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Transalta Renewables. More…
| Operations | Investing | Financing |
| 257 | 34 | -446 |
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 |
| 3.23k | 1.42k | 6.58 |
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 |
| 7.9% | -1.6% | 25.2% |
| FCF Margin | ROE | ROA |
| 24.8% | 5.0% | 2.7% |
Analysis – Transalta Renewables Intrinsic Value Calculator
We at GoodWhale recently conducted an analysis on TRANSALTA RENEWABLES‘s fundamentals. After our evaluation, we concluded that the fair value of TRANSALTA RENEWABLES’s share is €11.3 – this was calculated by our proprietary Valuation Line. At the time of writing this report, the stock is trading at €8.1, which is a 28.3% undervaluation. This implies that there is a good opportunity to invest in this company now. More…
Summary
Investing in TRANSALTA RENEWABLES is a favorable option for investors due to its consistent dividend payouts of 0.94 CAD per share annually over the past three years. The dividend yield for the year 2022 to 2023 is estimated to be 5.28%, which is a sign of stability and a great addition to any investor’s portfolio. This company is also well positioned to benefit from the rise in demand for renewable energy and may be a good option for long-term investment.
