EDMONTON, March 13, 2012 /CNW/ - The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.315 per share on the outstanding common shares for the quarter ending March 31, 2012.
The dividend is payable on April 30, 2012 to shareholders of record at the close of business on March 30, 2012.
The dividends are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.
Capital Power launched a Dividend Reinvestment Plan (the Plan) effective January 1, 2012. Under the Plan, eligible shareholders have the option to efficiently and cost-effectively accumulate additional shares in the Company by reinvesting their quarterly cash dividends on the applicable dividend payment date in new shares issued from treasury. Further information about the Plan and how to enroll can be found on Capital Power's website at www.capitalpower.com/DRIP.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns more than 3,300 megawatts of power generation capacity at 16 facilities across North America. An additional 487 megawatts of owned wind generation capacity is under construction or in advanced development in British Columbia, Alberta, and Ontario.
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