Capital Power’s 2Q16 results were positive: adjusted EPS was $0.30/share (FCC/ Street $0.18/share); FFO was $106 mm (FCC $88 mm). The Company increased its quarterly dividend by 6% to an annualized $1.56/share. We have increased our 12-month target price to $19.00/share and forecast a 12-month total return of 2% from the July 25, 2016 closing price of $20.06/share.
26 Jul 2016
Reports Positive 2Q16 and 6.8% Dividend Increase
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Reports Positive 2Q16 and 6.8% Dividend Increase
Capital Power Corporation (CPX:TSE) | 0 0 1.8% | Mkt Cap: 2,408m
- Published:
26 Jul 2016 -
Author:
Steven I. Paget -
Pages:
4
Capital Power’s 2Q16 results were positive: adjusted EPS was $0.30/share (FCC/ Street $0.18/share); FFO was $106 mm (FCC $88 mm). The Company increased its quarterly dividend by 6% to an annualized $1.56/share. We have increased our 12-month target price to $19.00/share and forecast a 12-month total return of 2% from the July 25, 2016 closing price of $20.06/share.