TransAlta Renewables (RNW.TO) Dividends

Price: $12.48
Market Cap: $3.33B
Avg Volume: 575.82K
Country: CA
Industry: Renewable Utilities
Sector: Utilities
Beta: 0.74
52W Range: $10.63-14.74
Website: TransAlta Renewables

Dividend Overview

TransAlta Renewables (RNW.TO) pays a monthly dividend to its shareholders. The current dividend yield is 7.23%, which means that for every $100 invested at the current price, investors would receive approximately $7.23 in dividends per year (this can change based on future dividend payments and price movements).

Latest Dividend
$0.07833
Dividend Yield
7.23%
Annual Dividend
$0.94
Ex-Dividend Date
September 14, 2023
Payout Ratio
3.39%
Payout Period
Monthly
Coverage Ratio
0.70x
About RNW.TO's Dividend

TransAlta Renewables pays a monthly dividend of $0.0783 per share. Over the past 12 months, the total dividend has been approximately $0.94 per share.

The most recent ex-dividend date was September 14, 2023. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.

TransAlta Renewables's payout ratio is 3.39% which means that 3.39% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.

Historical Dividend Yield10.00%10.00%8.00%8.00%6.00%6.00%4.00%4.00%2.00%2.00%0.00%0.00%Aug '13Aug '13Oct '13Oct '13Dec '13Dec '13Feb '14Feb '14Apr '14Apr '14Jun '14Jun '14Aug '14Aug '14Oct '14Oct '14Dec '14Dec '14Feb '15Feb '15Apr '15Apr '15Jun '15Jun '15Aug '15Aug '15Oct '15Oct '15Dec '15Dec '15Feb '16Feb '16Apr '16Apr '16Jun '16Jun '16Aug '16Aug '16Oct '16Oct '16Dec '16Dec '16Feb '17Feb '17Apr '17Apr '17Jun '17Jun '17Aug '17Aug '17Oct '17Oct '17Dec '17Dec '17Feb '18Feb '18Apr '18Apr '18Jul '18Jul '18Sep '18Sep '18Nov '18Nov '18Jan '19Jan '19Mar '19Mar '19May '19May '19Jul '19Jul '19Sep '19Sep '19Nov '19Nov '19Jan '20Jan '20Mar '20Mar '20May '20May '20Jul '20Jul '20Sep '20Sep '20Nov '20Nov '20Jan '21Jan '21Mar '21Mar '21May '21May '21Jul '21Jul '21Sep '21Sep '21Nov '21Nov '21Jan '22Jan '22Mar '22Mar '22May '22May '22Jul '22Jul '22Sep '22Sep '22Nov '22Nov '22Jan '23Jan '23Mar '23Mar '23May '23May '23Jul '23Jul '23Sep '23Sep '23
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Historical Dividend Payout Ratio30.00%30.00%0.00%0.00%-30.00%-30.00%-60.00%-60.00%-90.00%-90.00%-120.00%-120.00%Dec '13Dec '13Dec '14Dec '14Dec '15Dec '15Dec '16Dec '16Dec '17Dec '17Dec '18Dec '18Dec '19Dec '19Dec '20Dec '20Dec '21Dec '21Dec '22Dec '22
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RNW.TO Dividend History

Historical Dividend$0.0783$0.0783$0.0627$0.0627$0.0470$0.0470$0.0313$0.0313$0.0157$0.0157$0.0000$0.0000Aug '13Aug '13Oct '13Oct '13Dec '13Dec '13Feb '14Feb '14Apr '14Apr '14Jun '14Jun '14Aug '14Aug '14Oct '14Oct '14Dec '14Dec '14Feb '15Feb '15Apr '15Apr '15Jun '15Jun '15Aug '15Aug '15Oct '15Oct '15Dec '15Dec '15Feb '16Feb '16Apr '16Apr '16Jun '16Jun '16Aug '16Aug '16Oct '16Oct '16Dec '16Dec '16Feb '17Feb '17Apr '17Apr '17Jun '17Jun '17Aug '17Aug '17Oct '17Oct '17Dec '17Dec '17Feb '18Feb '18Apr '18Apr '18Jul '18Jul '18Sep '18Sep '18Nov '18Nov '18Jan '19Jan '19Mar '19Mar '19May '19May '19Jul '19Jul '19Sep '19Sep '19Nov '19Nov '19Jan '20Jan '20Mar '20Mar '20May '20May '20Jul '20Jul '20Sep '20Sep '20Nov '20Nov '20Jan '21Jan '21Mar '21Mar '21May '21May '21Jul '21Jul '21Sep '21Sep '21Nov '21Nov '21Jan '22Jan '22Mar '22Mar '22May '22May '22Jul '22Jul '22Sep '22Sep '22Nov '22Nov '22Jan '23Jan '23Mar '23Mar '23May '23May '23Jul '23Jul '23Sep '23Sep '23
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Dividend Yield Date Record Date Payment Date Declaration Date
$0.07833 7.23% September 14, 2023 September 29, 2023 September 29, 2023 September 14, 2023
$0.07833 6.98% August 14, 2023 August 31, 2023 August 31, 2023 August 14, 2023
$0.07833 7.65% July 13, 2023 July 31, 2023 July 31, 2023 July 13, 2023
$0.07833 7.87% June 14, 2023
$0.07833 8.49% May 12, 2023 May 31, 2023 May 31, 2023 May 12, 2023
$0.07833 8.05% April 13, 2023 April 28, 2023 April 28, 2023 April 13, 2023
$0.07833 7.87% March 14, 2023 March 31, 2023
$0.078 7.78% February 14, 2023 February 28, 2023 February 28, 2023 February 14, 2023
$0.078 8.55% January 12, 2023 January 31, 2023 January 31, 2023 January 12, 2023
$0.078 6.55% December 14, 2022
$0.078 6.64% November 14, 2022 November 30, 2022 November 30, 2022 November 14, 2022
$0.078 7.82% October 13, 2022 October 31, 2022 October 31, 2022 October 13, 2022
$0.078 5.59% September 14, 2022
$0.078 5.67% August 12, 2022 August 31, 2022 August 31, 2022 August 12, 2022
$0.078 5.54% July 14, 2022 July 29, 2022 July 29, 2022 July 14, 2022
$0.078 5.80% June 14, 2022
$0.078 5.89% May 12, 2022 May 31, 2022 May 31, 2022 May 12, 2022
$0.078 5.05% April 13, 2022 April 29, 2022 April 29, 2022 April 13, 2022
$0.07833 5.21% March 14, 2022
$0.078 5.55% February 14, 2022 February 28, 2022 February 28, 2022 February 14, 2022
$0.07833 6.05% January 13, 2022 January 31, 2022 January 31, 2022 January 13, 2022
$0.07833 5.13% December 14, 2021 December 15, 2021 December 31, 2021 July 29, 2021
$0.07833 5.35% November 12, 2021 November 15, 2021 November 30, 2021 July 29, 2021
$0.07833 4.87% October 14, 2021 October 29, 2021 October 29, 2021 October 14, 2021
$0.07833 4.75% September 14, 2021 September 15, 2021 September 30, 2021 April 30, 2021
$0.07833 5.06% August 12, 2021 August 31, 2021 August 31, 2021 August 12, 2021
$0.07833 4.39% July 14, 2021 July 30, 2021 July 30, 2021 July 14, 2021
$0.07833 4.61% June 14, 2021 June 15, 2021 June 30, 2021 February 23, 2021
$0.07833 5.55% May 13, 2021 May 31, 2021 May 31, 2021 May 13, 2021
$0.07833 4.59% April 14, 2021 April 30, 2021 April 30, 2021 April 14, 2021
$0.07833 5.16% March 12, 2021 March 15, 2021 March 31, 2021 October 29, 2020
$0.07833 4.74% February 11, 2021 February 26, 2021 February 26, 2021 February 12, 2021
$0.07833 4.28% January 14, 2021 January 29, 2021 January 29, 2021 January 14, 2021
$0.078 5.17% December 14, 2020 December 15, 2020 December 31, 2020 July 30, 2020
$0.078 5.49% November 12, 2020 November 13, 2020 November 30, 2020 July 30, 2020
$0.078 5.26% October 14, 2020 October 30, 2020 October 30, 2020 October 14, 2020
$0.078 6.02% September 14, 2020 September 15, 2020 September 30, 2020 April 27, 2020
$0.07833 6.02% August 13, 2020 August 31, 2020 August 31, 2020 August 13, 2020
$0.07833 6.58% July 14, 2020 July 31, 2020 July 31, 2020 July 14, 2020
$0.07833 7.17% June 12, 2020 June 15, 2020 June 30, 2020 February 28, 2020
$0.07833 6.62% May 14, 2020 May 15, 2020 May 29, 2020 February 28, 2020
$0.07833 6.28% April 14, 2020 April 30, 2020 April 30, 2020 April 14, 2020
$0.07833 8.41% March 12, 2020 March 31, 2020 March 31, 2020 March 12, 2020
$0.07833 5.83% February 13, 2020 February 28, 2020 February 28, 2020 February 13, 2020
$0.07833 5.96% January 14, 2020 January 31, 2020 January 31, 2020 January 14, 2020
$0.07833 6.88% December 12, 2019 December 13, 2019 December 31, 2019 August 08, 2019
$0.07833 6.42% November 14, 2019 November 29, 2019 November 29, 2019 November 14, 2019
$0.07833 7.38% October 11, 2019 October 31, 2019 October 31, 2019 October 11, 2019
$0.07833 7.71% September 12, 2019 September 13, 2019 September 30, 2019 April 25, 2019
$0.07833 7.31% August 14, 2019 August 30, 2019 August 30, 2019 August 14, 2019
$0.07833 6.67% July 12, 2019 July 31, 2019 July 31, 2019 July 12, 2019
$0.07833 6.84% June 13, 2019 June 28, 2019 June 28, 2019 June 13, 2019
$0.07833 6.84% May 14, 2019 May 31, 2019 May 31, 2019 May 14, 2019
$0.07833 6.82% April 12, 2019 April 30, 2019 April 30, 2019 April 12, 2019
$0.07833 7.23% March 14, 2019 March 29, 2019 March 29, 2019 March 14, 2019
$0.07833 7.76% February 14, 2019 February 28, 2019 February 28, 2019 February 14, 2019
$0.07833 8.45% January 14, 2019 January 31, 2019 January 31, 2019 January 14, 2019
$0.07833 8.63% December 13, 2018 December 14, 2018 December 31, 2018 August 02, 2018
$0.07833 8.31% November 14, 2018 November 30, 2018 November 30, 2018 November 14, 2018
$0.07833 8.87% October 12, 2018 October 31, 2018 October 31, 2018 October 12, 2018
$0.07833 7.85% September 13, 2018 September 14, 2018 September 28, 2018 May 31, 2018
$0.07833 7.81% August 14, 2018 August 31, 2018 August 31, 2018 August 14, 2018
$0.07833 7.51% July 12, 2018 July 31, 2018 July 31, 2018 July 12, 2018
$0.07833 7.55% May 31, 2018 June 29, 2018 June 29, 2018 May 31, 2018
$0.07833 8.07% April 30, 2018 May 31, 2018 May 31, 2018 April 30, 2018
$0.07833 7.87% April 02, 2018 April 30, 2018 April 30, 2018 April 02, 2018
$0.07833 7.90% February 28, 2018 March 01, 2018 March 29, 2018 November 02, 2017
$0.07833 7.37% January 31, 2018 February 28, 2018 February 28, 2018 January 31, 2018
$0.07833 6.76% December 29, 2017 January 31, 2018 January 31, 2018 December 29, 2017
$0.07833 6.69% November 30, 2017 December 29, 2017 December 29, 2017 November 30, 2017
$0.07833 6.43% October 31, 2017 November 30, 2017 November 30, 2017 October 31, 2017
$0.07833 7.00% September 29, 2017 October 31, 2017 October 31, 2017 September 29, 2017
$0.07833 6.25% August 30, 2017 September 01, 2017 September 29, 2017 July 31, 2017
$0.07333 6.43% July 28, 2017 August 31, 2017 August 31, 2017 July 28, 2017
$0.07333 5.62% June 29, 2017 July 31, 2017 July 31, 2017 June 29, 2017
$0.07333 5.63% May 30, 2017 June 01, 2017 June 30, 2017 March 10, 2017
$0.07333 6.10% April 27, 2017 May 31, 2017 May 31, 2017 April 27, 2017
$0.07333 5.60% March 30, 2017 April 28, 2017 April 28, 2017 March 30, 2017
$0.07333 5.96% February 27, 2017 March 31, 2017 March 31, 2017 February 27, 2017
$0.07333 6.01% January 30, 2017 February 28, 2017 February 28, 2017 January 30, 2017
$0.07333 6.16% December 28, 2016 January 01, 2017 January 31, 2017 October 31, 2016
$0.07333 6.40% November 29, 2016 December 30, 2016 December 30, 2016 November 29, 2016
$0.07333 6.41% October 28, 2016 November 30, 2016 November 30, 2016 October 28, 2016
$0.07333 5.91% September 29, 2016 October 31, 2016 October 31, 2016 September 29, 2016
$0.07333 6.08% August 30, 2016 September 30, 2016 September 30, 2016 August 30, 2016
$0.07333 6.71% July 28, 2016 August 31, 2016 August 31, 2016 July 28, 2016
$0.07333 6.50% June 29, 2016 July 29, 2016 July 29, 2016 June 29, 2016
$0.07333 7.14% May 27, 2016 June 30, 2016 June 30, 2016 May 27, 2016
$0.07333 7.33% April 28, 2016 May 31, 2016 May 31, 2016 April 28, 2016
$0.07333 6.80% March 30, 2016 April 29, 2016 April 29, 2016 March 30, 2016
$0.07333 7.98% February 26, 2016 March 31, 2016 March 31, 2016 February 26, 2016
$0.07333 9.05% January 28, 2016 February 29, 2016 February 29, 2016 January 28, 2016
$0.07 7.79% December 30, 2015 January 29, 2016 January 29, 2016 December 30, 2015
$0.07 8.04% November 27, 2015 December 31, 2015 December 31, 2015 November 27, 2015
$0.07 7.78% October 29, 2015 November 30, 2015 November 30, 2015 October 29, 2015
$0.07 7.97% September 29, 2015 October 30, 2015 October 30, 2015 September 29, 2015
$0.07 7.72% August 28, 2015 September 30, 2015 September 30, 2015 August 28, 2015
$0.07 6.41% July 30, 2015 August 31, 2015 August 31, 2015 July 30, 2015
$0.07 6.34% June 29, 2015 July 31, 2015 July 31, 2015 June 29, 2015
$0.07 6.63% May 28, 2015 June 30, 2015 June 30, 2015 May 28, 2015
$0.06416 6.13% April 29, 2015 May 29, 2015 May 29, 2015 April 29, 2015
$0.06416 6.10% March 30, 2015 April 30, 2015 April 30, 2015 March 30, 2015
$0.06416 6.42% February 26, 2015 March 31, 2015 March 31, 2015 February 26, 2015
$0.06416 6.57% January 29, 2015 February 27, 2015 February 27, 2015 January 29, 2015
$0.06416 6.65% December 30, 2014 January 30, 2015 January 30, 2015 December 30, 2014
$0.06416 6.92% November 26, 2014 December 01, 2014 December 31, 2014 October 31, 2014
$0.06416 6.29% October 30, 2014 November 28, 2014 November 28, 2014 October 30, 2014
$0.06416 6.65% September 29, 2014 October 31, 2014 October 31, 2014 September 29, 2014
$0.06416 6.59% August 28, 2014 September 02, 2014 September 30, 2014 July 28, 2014
$0.06416 6.01% July 30, 2014 August 01, 2014 August 29, 2014 May 02, 2014
$0.06416 5.42% June 27, 2014 July 31, 2014 July 31, 2014 June 30, 2014
$0.06416 5.01% May 29, 2014 June 02, 2014 June 30, 2014 May 02, 2014
$0.06416 4.53% April 29, 2014 May 01, 2014 May 30, 2014 February 13, 2014
$0.06416 3.85% March 28, 2014 April 01, 2014 April 30, 2014 December 20, 2013
$0.06416 3.37% February 27, 2014 March 03, 2014 March 28, 2014 December 20, 2013
$0.06416 2.78% January 30, 2014 February 03, 2014 February 28, 2014 December 20, 2013
$0.0625 2.27% December 30, 2013 January 02, 2014 January 31, 2014 November 01, 2013
$0.0625 1.76% November 28, 2013 December 31, 2013 December 31, 2013 November 28, 2013
$0.0625 1.21% October 30, 2013 November 01, 2013 November 29, 2013 August 12, 2013
$0.0625 0.62% September 27, 2013 October 01, 2013 October 31, 2013 August 12, 2013
$0.04726 0.47% August 29, 2013 September 03, 2013 September 30, 2013 August 12, 2013

Dividend Safety

Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.

Key Safety Indicators for RNW.TO

  • Dividend Payout Ratio: 3.39% Low risk
  • Dividend & Capex Coverage Ratio: 0.70x Weak coverage
  • Dividend Frequency: Monthly

What These Indicators Mean

A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. TransAlta Renewables's payout ratio is 3.39% , which is very conservative and suggests strong dividend sustainability.

The Dividend & Capex Coverage Ratio of 0.70x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates TransAlta Renewables may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.

TransAlta Renewables's monthly dividend frequency can be attractive for income-oriented investors seeking regular cash flow, but requires the company to maintain consistent short-term profitability or cash reserves.

It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.

Frequently Asked Questions

TransAlta Renewables pays a monthly dividend of $0.0783 per share. Over the past 12 months, this has totaled approximately $0.94 per share in dividend payments.

TransAlta Renewables's current dividend yield is 7.23%. This means that if you invest $100 in TransAlta Renewables's stock at the current price, you can expect to receive approximately $7.23 in annual dividend income. The dividend yield is calculated by dividing the annual dividend by the current stock price.

The most recent ex-dividend date for TransAlta Renewables was September 14, 2023. Since TransAlta Renewables pays dividends monthly, the next ex-dividend date is typically scheduled for the following month. To receive a dividend, you must purchase the stock before its ex-dividend date. It's advisable to check TransAlta Renewables's investor relations page or financial news sources for the most up-to-date dividend schedule.

TransAlta Renewables's dividend payout ratio is currently 3.39%. This means that the company is distributing 3.39% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes. This relatively low payout ratio suggests that the company has room to increase dividends in the future or to withstand temporary declines in earnings without cutting the dividend.