TORONTO, Nov. 11, 2016 /CNW/ - Hydro One Limited (TSX: H), Ontario's largest electricity transmission and distribution company, today announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of $0.21 per share to be paid on December 30, 2016 to shareholders of record on December 14, 2016.
Unless indicated otherwise, all common share dividends paid by Hydro One Limited to 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 Ltd.
We are Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, $24.8 billion in assets and revenues of over $6.5 billion. Our team of 5,500 skilled and dedicated employees proudly and safely serves suburban, rural and remote communities across Ontario through our 29,000 circuit km high-voltage transmission and 123,000 circuit km primary distribution networks. Hydro One is committed to the communities we serve, and has been rated as the top utility in Canada for its corporate citizenship, sustainability, and diversity initiatives. We are one of only four utility companies in Canada to achieve the Sustainable Energy Company designation from the Canadian Electrical Association. We also provide advanced broadband telecommunications services on a wholesale basis utilizing our extensive fibre optic network. Hydro One's common shares are listed on the Toronto Stock Exchange (TSX: H). For more information about everything Hydro One, please visit www.HydroOne.com.
SOURCE Hydro One Limited
For further information: please contact: Bruce M. Mann, Vice President, Investor Relations, firstname.lastname@example.org, 416-345-5722