Hydro One Limited (H) to Issue Quarterly Dividend of $0.35 on June 30th

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, June 10th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.3531 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date 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 TSE H opened at C$56.97 on Monday. The firm has a 50-day simple moving average of C$58.10 and a two-hundred day simple moving average of C$56.22. The company has a debt-to-equity ratio of 149.17, a current ratio of 0.54 and a quick ratio of 0.30. Hydro One has a 1 year low of C$47.54 and a 1 year high of C$60.46. The company has a market cap of C$34.19 billion, a P/E ratio of 24.99, a PEG ratio of 3.17 and a beta of 0.35.

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