TransAlta Sets New Dividend Rates for Preferred Shares

TransAlta (TSE:TA) has released an update.

TransAlta Corporation announced new dividend rates for its Series G and Series H Preferred Shares, with the Series G Shares having a fixed cumulative preferential cash dividend rate and the Series H Shares featuring a quarterly reset floating rate. The dividend rate for the Series G Shares is set at 6.77300% for the next five years, while the Series H Shares start with an 8.00500% rate for the initial three months.

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