TORONTO, Aug. 8, 2017 /CNW/ - Hydro One Limited (TSX: H), the parent company of Ontario's largest electricity transmission and distribution utility, today announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of $0.22 per share, the second dividend to reflect the 5 percent increase announced on May 4, 2017. This dividend will be paid on September 29, 2017 to shareholders of record on September 12, 2017.
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 Limited:
We are Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, $25 billion in assets and annual 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 30,000 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 Limited's common shares are listed on the Toronto Stock Exchange (TSX: H).
SOURCE Hydro One Limited
