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TORONTO - Hydro One Limited (TSX:H) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.3331 per common share, according to a company press release. The dividend yield stands at 0.43%, while the stock is currently trading at $140.69, according to InvestingPro data.
The dividend will be paid on September 29, 2025, to shareholders of record as of September 10, 2025. The company noted that unless otherwise indicated, all common share dividends are designated as "eligible" dividends for Canadian income tax purposes. Analysis from InvestingPro indicates the stock is currently trading above its Fair Value.
Hydro One is Ontario’s largest electricity transmission and distribution provider, serving 1.5 million customers across the province. The utility reported assets of $36.7 billion as of December 31, 2024, with annual revenues of $8.5 billion in 2024. The company maintains a P/E ratio of 31.18 and generated $793 million in EBITDA over the last twelve months.
The company employs approximately 10,100 workers who maintain Ontario’s electricity system. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks and purchased $2.9 billion in goods and services.
Hydro One’s common shares are listed on the Toronto Stock Exchange, while certain medium-term notes of its subsidiary, Hydro One Inc., are listed on the New York Stock Exchange.
In other recent news, Hyatt Hotels Corporation reported its second-quarter 2025 earnings, surpassing Wall Street forecasts. The company achieved an earnings per share (EPS) of $0.68, exceeding the expected $0.65. Additionally, Hyatt’s revenue reached 1.75 billion dollars, slightly higher than the anticipated 1.74 billion dollars. These results reflect the company’s strong performance and effective strategic initiatives. Analyst firms have noted the positive earnings surprise, contributing to a favorable outlook for Hyatt. The company’s recent developments highlight its ability to outperform market expectations. Investors may find these updates relevant as they assess Hyatt’s financial health and future prospects.
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