Hydro One Limited (H) to Issue Quarterly Dividend of $0.35 on September 29th

Hydro One Limited (TSE:H) declared a quarterly dividend on Wednesday, September 9th. Investors of record on Tuesday, September 29th will be given a dividend of 0.3531 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, September 9th.

Hydro One Stock Performance

H opened at C$53.11 on Monday. The company has a debt-to-equity ratio of 154.61, a quick ratio of 0.30 and a current ratio of 0.88. The stock has a market capitalization of C$31.87 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 3.17 and a beta of 0.23. The company has a fifty day moving average of C$56.95 and a 200 day moving average of C$57.60. Hydro One has a fifty-two week low of C$48.22 and a fifty-two week high of C$60.57.

Hydro One (TSE:H) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.62 earnings per share for the quarter. The firm had revenue of C$1.23 billion during the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. As a group, sell-side analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal 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.