Business
Capital Power announces initial quarterly dividend on its cumulative rate reset preference shares (series 1)
Mar. 8, 2011 (Canada NewsWire Group) -- EDMONTON, March 8 /CNW/ - The Board of Directors for ...
About this update from Capital Power Corporation
[{"type":"text","content":"\n\n\n Mar. 8, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nEDMONTON, March 8 /CNW/ - The Board of Directors for Capital Power\n Corporation (TSX: CPX) (Capital Power) announced today the declaration\n for the initial quarterly dividend of $0.3308 per share on its\n Cumulative Rate Reset Preference Shares (Series 1) (TSX:CPX.PR.A).\n\n\nThe dividend is to be paid on March 31, 2011 to shareholders of record\n at the close of business on March 18, 2011. This initial quarterly\n dividend represents the time period from when the initial share\n offering closed on December 16, 2010 to March 31, 2011.  Future\n quarterly dividends, if declared, will be $0.2875 per quarter or $1.15\n per annum for the initial five-year period ending December 31, 2015.\n\n\nThe dividends are 100 per cent eligible dividends as defined by the\n Income Tax Act. Under this legislation, individuals resident in Canada\n may be entitled to enhanced dividend tax credits that reduce the income\n tax otherwise payable on these dividends.\n\n\nAbout Capital Power\n\n\nCapital Power is a growth-oriented North American independent power\n producer, building on more than a century of innovation and reliable\n performance. The Company's vision is to be recognized as one of North\n America's most respected, reliable and competitive power generators.\n Headquartered in Edmonton, Alberta, Capital Power has interests in 32\n facilities in Canada and the U.S. totaling nearly 3,800 megawatts of\n generation capacit...