Capital Power Ups Dividend, Announces 10th Consecutive Increase

EDMONTON, Alberta, July 30, 2024 (GLOBE NEWSWIRE) --

The Board of Directors for Capital Power Corporation (TSX: CPX) today announced a 6% increase in its annual common share dividend to $2.46 per year, representing the company's 10th consecutive dividend increase.

The quarterly dividend of $0.6519 per common share, up from the previous $0.615 dividend, is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024.

"This dividend increase reflects our confidence in the long-term growth prospects of our business and our commitment to returning value to our shareholders," said Capital Power President and CEO Brian Vaasjo.

The company's dividend has grown by an average of 8% annually over the past decade, outpacing inflation and providing shareholders with a steady stream of income.

Capital Power is a leading North American wholesale power producer with a diversified portfolio of generation facilities across Canada and the United States. The company's focus on operational excellence, cost containment, and sustainability has resulted in strong financial performance and consistent dividend growth.