Boralex Declares Eligible Quarterly Dividend:
On February 12, 2025, Boralex Inc. (Boralex) announced the declaration of a quarterly dividend for its common shareholders. The dividend amount is set at $0.165 per share.
Details of the Dividend:
The dividend is eligible within the meaning of Section 89(14) of the Income Tax Act (Canada) and all applicable provincial laws. This designation allows the dividend to be qualified as an eligible dividend for Canadian tax residents. The payment date for this dividend is scheduled for March 17, 2025.
Impact on Shareholders:
Shareholders of record at the close of business on February 28, 2025, will be entitled to receive the dividend payment. Eligible shareholders will also be issued a dividend tax statement (T5) in the 2025 tax year.
Impact on the World:
Boralex’s decision to declare an eligible dividend signifies the company’s commitment to generating stable and sustainable returns for its shareholders. This dividend also contributes to the overall economic stability by providing income for individual shareholders and institutional investors.
Additional Information:
- Boralex is a leading Canadian renewable energy company, with a portfolio consisting of over 1,100 MW of generating capacity in wind, hydroelectric, and thermal energy.
- The company’s dividend policy aims to provide a stable and consistent dividend to its shareholders, with a payout ratio target of approximately 50% of adjusted earnings.
- The declaration of this dividend is a reflection of Boralex’s strong financial position and its commitment to creating value for its stakeholders.
This dividend announcement is positive news for Boralex shareholders, providing them with a dependable source of income. Moreover, the declaration of the eligible dividend has a broader impact on the economy by contributing to the stability and growth of the renewable energy sector.
Conclusion:
Boralex’s declaration of an eligible quarterly dividend of $0.165 per common share represents a significant commitment to its shareholders. This dividend, payable on March 17, 2025, to shareholders of record on February 28, 2025, is an essential component of Boralex’s dividend policy. The dividend’s eligibility as an eligible dividend under the Income Tax Act (Canada) and applicable provincial laws benefits Canadian tax residents. Furthermore, the declaration of this dividend underscores Boralex’s dedication to generating value for its stakeholders and contributing to the overall economic stability by providing a stable source of income for individual and institutional investors. The renewable energy sector continues to grow, and Boralex’s strong financial position and commitment to its dividend policy position it well for continued success.
