Hydro One Ltd (TSE:H) announced a quarterly dividend on Monday, December 11th, TickerTech reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.22 per share on Friday, December 29th. This represents a $0.88 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Monday, December 11th.
Hydro One (H) traded down C$0.03 on Wednesday, reaching C$22.73. 504,087 shares of the company’s stock were exchanged, compared to its average volume of 690,521. Hydro One has a 12-month low of C$21.32 and a 12-month high of C$24.66.
H has been the subject of several research analyst reports. CSFB reissued a “neutral” rating and issued a C$26.00 price target on shares of Hydro One in a report on Monday, August 14th. Barclays decreased their price target on shares of Hydro One from C$26.00 to C$24.00 in a report on Monday, August 14th. TD Securities decreased their price target on shares of Hydro One from C$24.00 to C$23.00 in a report on Monday, November 13th. National Bank Financial set a C$27.00 price target on shares of Hydro One and gave the company an “outperform” rating in a report on Thursday, August 10th. Finally, CIBC raised shares of Hydro One from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$27.00 to C$28.00 in a report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$25.67.
About Hydro One
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.
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