#Canada #Dividend #Toronto #TSX #Hydro One

Hydro One Limited Declares Quarterly Cash Dividend

Hydro One Limited, Ontario's foremost electricity transmission and distribution provider, has taken a significant step for its shareholders. On May 8, 2025, the company announced through a press release that its Board of Directors has approved a quarterly cash dividend of $0.3331 per common share. This amount is set to be distributed on June 30, 2025, to all shareholders who are on record by June 11, 2025.

This dividend is designated as an 'eligible' dividend according to the Income Tax Act (Canada), which provides specific tax advantages for Canadian taxpayers. Hydro One stresses that dividends are only paid when declared by the Board, ensuring that shareholders do not have any entitlements before this declaration.

Company Overview

Hydro One Limited, which trades under the ticker symbol H on the TSX, serves approximately 1.5 million customers. With assets amounting to $36.7 billion as of December 31, 2024, and annual revenues of $8.5 billion for the same year, it stands as a cornerstone of Ontario's energy landscape. The organization boasts a dedicated team of about 10,100 employees, whose expertise ensures a reliable electricity infrastructure vital for the province's economic growth and community wellbeing.

In 2024, Hydro One allocated a remarkable $3.1 billion towards upgrading its transmission and distribution networks, signifying its commitment to improving service reliability. Additionally, the company contributed to the local economy by spending $2.9 billion on various goods and services.

Community Commitment

Hydro One is not just focused on profitability but also deeply invested in community engagement. Their commitment encompasses sustainability initiatives and diversity efforts that seek to uplift the communities in which they operate. The organization actively encourages community investment, thereby fostering a strong relationship with its customer base and stakeholders.

For those interested in exploring more about Hydro One's operations, shareholder information, and detailed governance practices, further information can be obtained on their official website at HydroOne.com. Here, users can access a wide range of data, including historical financial reports and insights into corporate social responsibility and customer service initiatives.

In conclusion, Hydro One Limited's recent announcement regarding a quarterly dividend showcases their commitment not just to their shareholders but also to the communities they serve. As Ontario's leading utility provider, they continue to pave the way for sustainable growth and reliable service in the energy sector.

For more updates and press releases, visit Hydro One's news section or track their latest financial disclosures on platforms like SEDAR and the SEC. Investors can stay informed about the company's initiatives and future directions by regularly checking these resources.