Capital Power Raises Common Dividend 2%, Declares Preference Dividends

Dividend Increase and Declaration

The Board of Directors of Capital Power Corporation (TSX: CPX) has declared a quarterly dividend of $0.7048 per common share for the quarter ending September 30, 2026. This represents a 2% increase from the previous dividend of $0.6910 per common share, aligning with the company's 2026 dividend growth guidance. The dividend is payable on October 30, 2026, to shareholders of record at the close of business on September 29, 2026.

Preference Share Dividends

In addition to the common share dividend, the Board declared dividends on its Cumulative Rate Reset Preference Shares. The specific amounts and series details are as per the company's announcement. All dividends declared are designated as eligible dividends under the Income Tax Act (Canada), which may provide enhanced dividend tax credits to Canadian resident individuals.

Company Overview

Capital Power is a North American independent power producer with approximately 12 GW of generation capacity across 35 facilities. Its portfolio includes natural gas, renewables, and battery energy storage solutions. The company focuses on utility-scale power generation with a flexible and resilient fleet designed to meet growing electricity demand. Capital Power holds an investment-grade credit rating and emphasizes safe, reliable power delivery.

What it means for income investors

The 2% dividend increase continues Capital Power's trend of incremental common share dividend growth. The declared preference dividends provide additional fixed-income-like returns for those holding those series. Both common and preference dividends remain eligible for the enhanced dividend tax credit in Canada.

Reporting based on: Investing News Network. Figures verified against market data where available.