Hydro One Limited (TSE:H) Announces Dividend Increase – $0.31 Per Share

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.3142 per share on Monday, March 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, March 12th. This is a 0.1% increase from Hydro One’s previous quarterly dividend of $0.31.

Hydro One Stock Up 1.6 %

Shares of H opened at C$47.29 on Monday. Hydro One has a 52-week low of C$37.27 and a 52-week high of C$48.05. The company has a market cap of C$28.35 billion, a PE ratio of 24.94, a P/E/G ratio of 3.17 and a beta of 0.34. The business has a fifty day moving average of C$44.84 and a 200 day moving average of C$45.12. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. CIBC raised their price target on Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price target on Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Finally, Scotiabank raised their price target on Hydro One from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$45.43.

Insiders Place Their Bets

In other news, Director Stacey Mowbray acquired 700 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the acquisition, the director now owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This trade represents a ∞ increase in their position. Insiders own 47.12% of the company’s stock.

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.