Hydro One (H-T) Feb 12, '16 board of directors declared a cash dividend to shareholders totalling 34 cents per share on each of its outstanding common shares.
This is the first dividend declared by Hydro One following the completion of its initial public offering on Nov. 5, 2015. The 34-cent-per-share dividend comprises 13 cents for the post IPO fourth quarter period of Nov. 5 through Dec. 31, 2015, plus 21 cents for the full first quarter ending March 31, 2016.
The dividend declared today will be paid on March 31, 2016, to shareholders of record on March 17, 2016. Such quarterly dividends, unless and until changed, are only payable as and when declared by Hydro One's board of directors and there is no entitlement to any dividend prior thereto. Unless indicated otherwise, all dividends paid by Hydro One are designated as eligible dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.
About Hydro One
Hydro One Limited is Ontario's largest electricity transmission and distribution company headquartered in Toronto, Ontario with approximately $24.3 billion in assets and 2015 revenues of over $6.5 billion. The company delivers electricity safely and reliably to over 1.3 million customers across the province of Ontario, and to large industrial customers and municipal utilities. Hydro One owns and operates Ontario's approximately 29,000 km high-voltage transmission network and an approximately 123,000 circuit km primary low-voltage distribution network. Hydro One Limited common shares are listed on the Toronto Stock Exchange (TSX: H). This Press Release should be read in conjunction with the Company's 2015 Consolidated Financial Statements and Management's Discussion and Analysis. Additional information about Hydro One, including the complete 2015 Consolidated Financial Statements and Management's Discussion and Analysis, can be accessed at www.sedar.com and www.HydroOne.com/Investors.
Quarterly Investment Community Teleconference
The Company's fourth quarter 2015 results teleconference with the investment community will be held on February 12, 2016 at 9:00 a.m. Eastern Time, a webcast of which will be available at www.HydroOne.com/Investors. Members of the financial community wishing to ask questions during the call should dial 1-855-716-2690 at least ten minutes prior to the scheduled start time and request access to Hydro One's fourth quarter 2015 results teleconference. Media and other interested parties are welcome to participate on a listen-only basis.
SOURCE Hydro One Limited
Investors: Bruce Mann, Investor Relations,
investor.relations@hydroone.com ,
416-345-5722;
Media: Daffyd Roderic,
Corporate Communications,
media.relations@hydroone.com ,
416-345-6868 |
