EDMONTON, Nov. 20, 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 December 31, 2013. The dividend is payable on
January 31, 2014 to shareholders of
record at the close of business on December
31, 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 |
|
December 16, 2013 |
|
December 31, 2013 |
| Series 3 |
|
CPX.PR.C |
|
$0.2875 |
|
December 16, 2013 |
|
December 31, 2013 |
| Series 5 |
|
CPX.PR.E |
|
$0.28125 |
|
December 16, 2013 |
|
December 31, 2013 |
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 2,500 megawatts of power generation
capacity at 13 facilities across North
America and owns 371 megawatts of capacity through a power
purchase agreement. An additional 595 megawatts of owned generation
capacity is under construction or in advanced development in
Alberta and Ontario.
SOURCE Capital Power Corporation