EDMONTON,
April 26, 2013 /CNW/ - The Board of
Directors for Capital Power Corporation (TSX: CPX) (Capital Power)
declared a dividend of $0.315 per
share on the outstanding common shares for the quarter ending
June 30, 2013. The dividend is
payable on July 31, 2013 to
shareholders of record at the close of business on June 28, 2013.
The Board of Directors also declared the following dividends on
its Cumulative Rate Reset Preference Shares:
| Shares |
TSX Stock
Symbol |
Dividend Per
Share |
Record Date |
Payment Date |
| Series 1 |
CPX.PR.A |
$0.2875 |
June 17, 2013 |
June 28, 2013 |
| Series 3 |
CPX.PR.C |
$0.2875 |
June 17, 2013 |
June 28, 2013 |
| Series 5 |
CPX.PR.E |
$0.3329* |
June 17, 2013 |
June 28, 2013 |
*The initial quarterly dividend on the Series 5 Cumulative Rate
Reset Preference Shares represents the time period from when the
initial share offering closed on March 14,
2013 to June 30, 2013.
Future quarterly dividends, if declared, will be $0.28125 per quarter or $1.125 per annum for the initial five-year period
ending June 30, 2018.
The dividends for the common shares and preference shares are
100 per cent eligible dividends as defined by the Income Tax Act.
Under this legislation, individuals resident in Canada may be entitled to enhanced dividend
tax credits that reduce the income tax otherwise payable on these
dividends.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power
producer headquartered in Edmonton,
Alberta. The company develops, acquires, operates and
optimizes power generation from a variety of energy sources.
Capital Power owns more than 3,600 megawatts of power generation
capacity at 16 facilities across North
America. An additional 595 megawatts of owned generation
capacity is under construction or in advanced development in
Alberta and Ontario.
SOURCE Capital Power Corporation