TransAlta Renewables Inc (TSE:RNW) announced a monthly dividend on Tuesday, October 31st, TickerTech reports. Investors of record on Thursday, November 30th will be paid a dividend of 0.0783 per share on Thursday, November 30th. This represents a $0.94 annualized dividend and a yield of 7.17%. The ex-dividend date is Tuesday, October 31st.
Shares of TransAlta Renewables (RNW) opened at C$13.11 on Wednesday. TransAlta Renewables has a 12 month low of C$12.85 and a 12 month high of C$16.25.
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A number of research analysts recently commented on RNW shares. Scotiabank lowered their price objective on shares of TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Tuesday. National Bank Financial restated a “sector perform under weight” rating on shares of TransAlta Renewables in a report on Thursday, July 20th. Finally, TD Securities reduced their target price on shares of TransAlta Renewables from C$15.50 to C$15.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Five analysts have rated the stock with a hold rating, TransAlta Renewables has a consensus rating of “Hold” and a consensus price target of C$14.83.
About TransAlta Renewables
TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.
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