Hydro One Limited (TSE:H) Raises Dividend to $0.35 Per Share

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, June 10th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.3531 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 6.0% increase from Hydro One’s previous quarterly dividend of $0.33.

Hydro One Price Performance

Shares of H stock opened at C$56.97 on Monday. The stock has a 50-day moving average price of C$58.10 and a 200 day moving average price of C$56.22. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 149.17. The firm has a market cap of C$34.19 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.17 and a beta of 0.35. Hydro One has a 12 month low of C$47.54 and a 12 month high of C$60.46.

Hydro One (TSE:H) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$1.22 billion during the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%. Research analysts expect that Hydro One will post 2.0572195 EPS for the current year.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.