Capital Power declares first quarterly dividend

About this update from Capital Power Corporation

[{"type":"text","content":"\n\n\n\nEDMONTON, July 17 /CNW/ - The Board of Directors for Capital Power\nCorporation (TSX: CPX) (Capital Power) declared a dividend of $0.315 per share\non the outstanding common shares for the quarter ending September 30, 2009.\nThis dividend declaration follows the completion of Capital Power's $500\nmillion initial public offering on July 9, 2009.\n\n\n"I'm pleased to announce the declaration of Capital Power's first\ndividend," said Brian Vaasjo, President and CEO of Capital Power. "The\ndividend reaffirms Management's and the Board's confidence in the cash flow\nand value of Capital Power. By maintaining our strong investment grade credit\nratings and having good access to the capital markets, we expect to execute on\nour vision of becoming one of the most respected, reliable and competitive\npower generation companies in North America."\n\n\nThe dividend is payable on October 30, 2009 to shareholders of record at\nthe close of business on September 30, 2009.\n\n\nAbout Capital Power\n\n\nCapital Power is a growth-oriented North American independent power\nproducer, building on more than a century of innovation and reliable\nperformance. The company's vision is to be recognized as one of North\nAmerica's most respected, reliable and competitive power generators.\nHeadquartered in Edmonton, Alberta, Capital Power has interests in 31\nfacilities in Canada and the U.S. totaling approximately 3,300 megawatts of\ngeneration capacity. Capital Power and its subsidiaries develop, acquire and\noptimize power generation from a wide range of energy sources. The company's\nweb site can be accessed at www.capitalpower.com.\n\n\n","length":1711,"tagName":"div"}]

More updates from Capital Power Corporation