Dividend Information

Common Stock Dividends

Dividends are paid quarterly as determined by the Board. In determining the level of the dividend, the board assesses the dividend payout as a percentage of earnings and as a percentage of cash flow from operations over a period of time. Dividends are at the discretion of the Board. In determining the dividend, the Board considers the Corporation's financial performance, its results of operations, cash flow and needs with respect to financing ongoing operations and growth balanced against returning capital to shareholders. The board continues to focus on building sustainable earnings and cash flow growth. 

Eligible dividends for Canadian tax Purposes

TransAlta Corporation hereby advises all shareholders that, effective from January 1, 2007, all dividends paid on its common and preferred shares will be designated as "eligible dividends" for Canadian income tax purposes. This designation will apply until a notification of change is posted on this website.

For more information regarding the designation of dividends, please refer to the Canadian Revenue Agency release dated December 20, 2006.  If you have any questions regarding the taxation of eligible dividends, please contact your local office of the Canada Revenue Agency.

 

Common stock dividends are paid on the first of the month in January, April, July and October. When a dividend payment date falls on a weekend or holiday, the payment is made the following business day. Dividends are paid in Canadian dollars.

 

Payment Date Record Date Ex-Dividend Date Amount
Jan. 1, 2014 Nov. 29,2013 Nov. 26, 2013 TAC(1) $0.29
Jan. 1, 2014 Nov. 29,2013 Nov. 27,2013 TA(1) $0.29
Oct. 1, 2013 Aug. 30, 2013 Aug. 28, 2013 $0.29
July 1, 2013 May 31, 2013 May 29, 2013 $0.29
April 1, 2013 March 1, 2013 Feb. 27, 2013 $0.29
Jan. 1, 2013 Nov. 30,2012 Nov. 28,2012 $0.29
Oct. 1, 2012 Sept. 1, 2012  Aug. 29, 2012 $0.29
July 1, 2012 June 1, 2012  May 30, 2012 $0.29
April 1, 2012 March 1, 2012 Feb. 28, 2012 $0.29
Jan. 1, 2012 Dec. 1, 2011 Nov. 29, 2011 $0.29
Oct. 1, 2011 Sept. 1, 2011 Aug. 30, 2011 $0.29
July 1, 2011 June 1, 2011 May 26, 2011 TAC(2) $0.29
July 1, 2011 June 1, 2011 May 30, 2011 TA(2) $0.29
April 1, 2011 March 1, 2011 Feb. 25, 2011 $0.29
Jan. 1, 2011 Dec. 1, 2010 Nov. 29, 2010 $0.29
Oct. 1, 2010 Sept. 1, 2010 Aug. 30, 2010 $0.29
July 1, 2010 June 1, 2010 May 28, 2010 $0.29
April 1, 2010 March 1, 2010 Feb. 25, 2010  $0.29
Jan. 1, 2010 Dec. 1, 2009 Nov. 27, 2009 $0.29
Oct. 1, 2009 Sept. 1, 2009 Aug. 28, 2009 $0.29
July 1, 2009 June 1, 2009 May 28, 2009 $0.29
April 1, 2009 March 1, 2009 Feb. 25, 2009 $0.29
Jan. 1, 2009 Dec. 1, 2008 Nov. 26, 2008 TAC(3) $0.27
Jan. 1, 2009 Dec. 1, 2008 Nov. 27 2008 TA(3) $0.27
Oct. 1, 2008 Sept. 1, 2008 Aug. 27, 2008 $0.27
July 1, 2008 June 1, 2008 May 28, 2008 $0.27
April 1, 2008 March 1, 2008 Feb. 27, 2008 $0.27
Jan. 1, 2008 Dec. 1, 2007 Nov. 29, 2007 $0.25
Oct. 1, 2007 Sept. 1, 2007 Aug. 30, 2007 $0.25
July 1, 2007 June 1, 2007 May 30, 2007 $0.25
April 1, 2007 March 1, 2007 Feb. 27, 2007 $0.25
Jan. 1, 2007 Dec. 1, 2006 Nov. 29, 2006 $0.25

(1)Note: The dividend payment has two Ex-Dividend dates due to the American Thanksgiving holiday. The Toronto Stock Exchange (TA) Ex-Dividend date is November 27, 2013. The New York Stock Exchange (TAC) Ex-Dividend date is November 26, 2013.

(2)Note: The dividend payment has two Ex-Dividend dates due to the American Memorial day holiday. The Toronto Stock Exchange (TA) Ex-Dividend Date is May 30, 2011. The New York Stock Exchange (TAC) Ex-Dividend date is May 26, 2011.

(3)Note: The dividend payment has two Ex-Dividend dates due to the American Thanksgiving holiday. The Toronto Stock Exchange (TA) Ex-Dividend date is November 27, 2008. The New York Stock Exchange (TAC) Ex-Dividend date is November 26, 2008.





Preferred Share Dividends

 

Preferred share dividends are paid on the last day of the month in March, June, September, and December. When a dividend payment falls on a weekend or holiday, the payment is made on the following business day. Only dividend payments that have been approved by the Board of Directors are included in the following table.

 

Cumulative Redeemable Rate Reset First Preferred Shares, Series A

Fixed cumulative preferential Series A cash dividends are paid quarterly when declared by the Board at the annual rate of $1.15 per share from the date of issue December 10, 2010 to but exceeding March 31, 2016.

 

Payment Date Record Date Ex-Dividend Date Amount
Dec. 31, 2013 Nov.29, 2013 Nov. 27, 2013 $0.2875
Sept. 30, 2013 Aug. 30, 2013 Aug. 28, 2013 $0.2875
June 30, 2013 May 31, 2013  May 29, 2013 $0.2875
March 31, 2013 March 1, 2013 Feb. 27, 2013 $0.2875
Dec. 31, 2012 Nov.30, 2012 Nov. 28, 2012 $0.2875
Sept. 30, 2012 Sept. 1, 2012  Aug. 29, 2012 $0.2875
June 30, 2012 June 1, 2012  May 30, 2012 $0.2875
March 31, 2012 March 1, 2012 Feb. 28, 2012 $0.2875
Dec. 31, 2011 Dec. 1, 2011 Nov. 29, 2011 $0.2875
Sept. 30, 2011 Sept. 1, 2011 Aug. 30, 2011 $0.2875
June 30, 2011 June 1, 2011  May 30, 2011 $0.2875
March 31, 2011 March 1, 2011  Feb. 25, 2011 $0.3497*

*Note: The first quarterly dividend payble is based on a longer period, starting from the issue date of December 10, 2010 to March 31, 2011.

 

Cumulative Redeemable Rate Reset First Preferred Shares, Series C

Fixed cumulative preferential Series C cash dividends are paid quarterly when declared by the Board at the annual rate of $1.15 per share for the initial period ending June 30, 2017.

 

Payment Date Record Date Ex-Dividend Date Amount
Dec. 31, 2013 Nov.29, 2013 Nov. 27, 2013 $0.2875
Sept. 30, 2013 Aug. 30, 2013 Aug. 28, 2013 $0.2875
June 30, 2013 May 31, 2013  May 29, 2013 $0.2875
March 31, 2013 March 1, 2013 Feb. 27, 2013 $0.2875
Dec. 31, 2012 Nov. 30,2012 Nov. 28, 2012 $0.2875
Sept. 30, 2012 Sept. 1, 2012  Aug. 29, 2012 $0.2875
June 30, 2012 June 1, 2012  May 30, 2012 $0.2875
March 31, 2012 March 1, 2012  Feb. 28, 2012 $0.3844*

 *Note: The first quarterly dividend payble is based on a longer period, starting from November 29, 2011 to March 31, 2012.

 

Cumulative Redeemable Rate Reset First Preferred Shares, Series E

Fixed cumulative preferential Series E cash dividends are paid quarterly when declared by the Board at the annual rate of $1.25 per share for the initial period ending September 30, 2017.

 

Payment Date Record Date Ex-Dividend Date Amount
Dec.31, 2013 Nov.29, 2013 Nov. 27, 2013 $0.3125
Sept. 30, 2013 Aug. 30, 2013 Aug. 28, 2013 $0.3125
June 30, 2013 May 31, 2013  May 29, 2013 $0.3125

March 31, 2013

March 1, 2013 Feb. 27, 2013 $0.3125
Dec.31, 2012 Nov. 30,2012  Nov. 28, 2012 $0.4897*

 *Note: The first quarterly dividend payble is based on a longer period, starting from August 10, 2012 to December 31, 2012.

Dividend History (Common Stock)

Year Annual Dividend   Year Annual Dividend
2011 $1.16   2012 $1.16
2010 $1.16   2000 $1.00
2009 $1.16   1999 $1.00
2008 $1.08   1998 $0.99
2007 $1.00   1997 $0.98
2006 $1.00   1996 $0.98
2005 $1.00   1995 $0.98
2004 $1.00   1994 $0.98
2003 $1.00   1993 $0.98
2002 $1.00   1992 $0.98
2001 $1.00   1991 $0.98

Transalta's common shares have paid regular quarterly dividends since 1956.

Dividend Reinvestment and Share Purchase Plan (DRASP)

Conveniently reinvest your TransAlta dividends and purchase common shares without brokerage costs. Additional Information about TransAlta's DRASP is available by clicking here.

For More Information:

Shareholder inquiries regarding change of address, stock transfer, registered shareholdings, dividend or multiple copies of mailed material should be directed to CIBC Mellon Trust Company.

CST Trust Company
P.O. Box 700, Station B
Montreal, QC H3B 3K3

Phone: 1-800-387-0825 toll free in North America
Phone: 01-416-682-3860 outside North America
Fax: 1-888-249-6189 in North America
Fax: 01-514-985-8843 outside North America

Email: inquiries@canstockta.com
Website: www.canstockta.com

Last updated: October 31, 2013