TransAlta Renewables Inc (RNW) To Go Ex-Dividend on November 29th
TransAlta Renewables Inc (TSE:RNW) announced a monthly dividend on Tuesday, November 29th. Investors of record on Friday, December 30th will be paid a dividend of 0.0733 per share on Friday, December 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of TransAlta Renewables (TSE:RNW) traded down 0.22% during mid-day trading on Monday, hitting $13.78. 254,447 shares of the company were exchanged. The company has a 50 day moving average of $14.12 and a 200 day moving average of $13.83. The company has a market capitalization of $3.09 billion and a P/E ratio of 37.55. TransAlta Renewables has a 52 week low of $8.99 and a 52 week high of $15.09.
WARNING: “TransAlta Renewables Inc (RNW) To Go Ex-Dividend on November 29th” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and republished in violation of US & international copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2016/11/28/transalta-renewables-inc-rnw-to-go-ex-dividend-on-november-29th.html.
A number of analysts have weighed in on RNW shares. Desjardins restated a “hold” rating and set a C$13.75 price objective on shares of TransAlta Renewables in a research note on Wednesday, August 10th. TD Securities lifted their price target on shares of TransAlta Renewables from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. National Bank Financial lifted their price target on shares of TransAlta Renewables from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Friday, October 21st. Raymond James Financial Inc. lifted their price target on shares of TransAlta Renewables from C$15.25 to C$16.00 in a research note on Friday, October 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of TransAlta Renewables in a research note on Tuesday, November 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$14.75.
About TransAlta Renewables
TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.
Receive News & Stock Ratings for TransAlta Renewables Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Renewables Inc and related stocks with our FREE daily email newsletter.