TORONTO, Aug. 12, 2016 /CNW/ - Hydro One Limited (TSX: H), the largest electrical transmission and distribution utility in Ontario, today announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share to be paid on September 30, 2016 to shareholders of record on September 14, 2016.
Unless indicated otherwise, all dividends paid by Hydro One Limited to common shareholders are designated as "eligible" dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation. Such quarterly dividends, unless and until changed, are only payable as and when declared by Hydro One Limited's Board of Directors and there is no entitlement to any dividend prior thereto.
About Hydro One:
Hydro One Limited is Ontario's largest electricity transmission and distribution company headquartered in Toronto, Ontario with approximately $24.5 billion in assets and 2015 revenues of over $6.5 billion. The company delivers electricity safely and reliably to over 1.3 million customers across the province of Ontario, and to large industrial customers and municipal utilities. Hydro One owns and operates an approximately 29,000 circuit km high-voltage transmission network and an approximately 123,000 circuit km primary low-voltage distribution network in Ontario. The company's regulated transmission and distribution operations and assets are owned by Hydro One Inc., a fully owned subsidiary. Hydro One Limited common shares are listed on the Toronto Stock Exchange (TSX: H). For more information about Hydro One, visit www.HydroOne.com.
SOURCE Hydro One Limited
For further information: For Further Investment Community Information: Bruce Mann, (416) 345-5722, [email protected]