Hydro One Ltd (TSE:H) announced a quarterly dividend on Tuesday, August 14th, Zacks reports. Investors of record on Tuesday, September 11th will be paid a dividend of 0.23 per share on Friday, September 28th. This represents a $0.92 annualized dividend and a yield of 4.83%. The ex-dividend date is Monday, September 10th.
TSE:H traded down C$0.05 during mid-day trading on Wednesday, hitting C$19.03. 73,993 shares of the company’s stock traded hands, compared to its average volume of 759,559. Hydro One has a 12 month low of C$18.57 and a 12 month high of C$23.27.
A number of brokerages have commented on H. CSFB downgraded Hydro One from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from C$22.00 to C$19.00 in a research report on Thursday, July 26th. Royal Bank of Canada reduced their price objective on Hydro One from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, May 16th. CIBC reduced their price objective on Hydro One from C$26.00 to C$24.00 in a research report on Wednesday, May 16th. National Bank Financial reduced their price objective on Hydro One from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 16th. Finally, Raymond James reduced their price objective on Hydro One from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$21.95.
About Hydro One
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.
Further Reading: Price to Earnings Ratio (PE)
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