Capital Power declares dividends for its Common and Preference shares


EDMONTON, Alberta, Nov. 16, 2017 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (TSX:CPX) (Capital Power) declared a dividend of $0.4175 per share on the outstanding common shares for the quarter ending December 31, 2017. The dividend is payable on January 31, 2018 to shareholders of record at the close of business on December 29, 2017.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

SharesTSX Stock
Symbol
Dividend Per
Share
Record DatePayment Date
Series 1CPX.PR.A$0.19125December 14, 2017December 29, 2017
Series 3CPX.PR.C$0.2875December 14, 2017December 29, 2017
Series 5CPX.PR.E$0.28125December 14, 2017December 29, 2017
Series 7CPX.PR.G$0.375December 14, 2017December 29, 2017
Series 9CPX.PR.I$0.359375December 14, 2017December 29, 2017
      

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 approximately 4,500 megawatts of power generation capacity at 24 facilities and is pursuing contracted generation capacity throughout North America.


            

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