Ontario's largest electricity provider, Hydro One Limited (TSX: TSX:H), announced an "eligible" quarterly cash dividend of $0.2964 per share for shareholders on record as of December 13, 2023, due on December 29th, 2023. The company, recognized as a Sustainable Electricity Leader by Electricity Canada, is committed to community investment, sustainability, and diversity initiatives.
In 2022, Hydro One held assets worth approximately $31.5 billion and generated revenues of around $7.8 billion. The company invested about $2.1 billion in its transmission and distribution networks and spent roughly $1.9 billion on goods and services during the same period.
The company employs approximately 9,300 workers and is led by David Lebeter. Among their upcoming projects, the Chatham to Lakeshore Transmission Line is set to energize southwest Ontario ahead of schedule.
Hydro One Inc., a subsidiary with over 1.3 million valued customers and $25 billion in assets, reported positive third-quarter results. As part of their community commitment, they partnered with the Township of Chapleau to improve life for its residents and are currently seeking feedback on the Draft Environmental Study Report for the St. Clair Transmission Line.
Hydro One's medium-term notes are listed on the NYSE. Further details can be found at www.hydroone.com.
InvestingPro Insights
Based on InvestingPro's real-time data and tips, Hydro One continues to show strong financial stability and growth potential. Recent metrics indicate a market capitalization of $11.01 billion, and an adjusted P/E ratio of 22.93 as of Q3 2023. Furthermore, the company's revenue for the last twelve months as of Q3 2023 was $3593 million, with a growth rate of 20.05%.
Two key InvestingPro Tips that are relevant to Hydro One include the company's consistent increase in earnings per share and the fact that it has raised its dividend for 5 consecutive years. These tips highlight the company's profitability and its commitment to returning capital to shareholders.
Moreover, InvestingPro offers numerous additional tips and data points that can provide further insights into Hydro One's performance and potential. This valuable information can be accessed through InvestingPro's product offerings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.