Latest news with #HydroOneLimited
Cision Canada
2 days ago
- Business
- Cision Canada
Hydro One Limited announces Melissa Sonberg as the Chair of the Board of Directors
TORONTO, June 4, 2025 /CNW/ - Hydro One Limited announced today that Melissa Sonberg has been appointed as the new Chair of the Board, effective June 4, 2025. Ms. Sonberg joined the Board of Directors on August 14, 2018. "It is a privilege to assume the role as Chair of the Board of Directors at such a pivotal time for Ontario's growth," said Melissa Sonberg, Chair of the Board of Directors, Hydro One Limited. "I extend my sincere thanks to Susan Wolburgh Jenah for her leadership as Interim Chair. I look forward to working with the Board and management as we continue to invest in a safe and reliable electricity system to help drive Ontario's prosperity." Ms. Sonberg replaces Timothy Hodgson who resigned as Chair of the Board of Directors on April 28, 2025 following an unpaid leave of absence to run for political office. Susan Wolburgh Jenah served as Interim Chair of the Board from March 24, 2025 to June 4, 2025 and has continued to serve as Chair of the Governance and Regulatory Committee. Biography Melissa Sonberg is a corporate director and Chair of the Board of Hydro One Limited. Ms. Sonberg was most recently a Professor of Practice at McGill University's Desautels Faculty of Management, where she was a faculty member from 2014 to 2024. She spent the early part of her career in the healthcare industry before joining Air Canada, where she held leadership positions in a range of customer facing, operational and corporate functions. Ms. Sonberg was part of the founding executive team of Aeroplan, which became part of AIMIA Inc. Ms. Sonberg held positions of Senior Vice President, Human Resources & Corporate Affairs and Senior Vice President, Global Brands, Communications and External Affairs at AIMIA from 2001 to 2013. Ms. Sonberg sits on the boards of Exchange Income Corporation (TSX), Athennian, Enghouse Systems Inc. (TSX), Canada Post Corporation and the Canadian Foundation for Governance Research. Ms. Sonberg holds a Bachelor of Science (Psychology) from McGill University, a Master of Health Administration from the University of Ottawa and holds her ICD.D. She is a Certified Human Resource Executive (CHRE). Hydro One Limited (TSX: H) Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion. Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. or
Yahoo
27-05-2025
- Business
- Yahoo
Hydro One (TSE:H) Is Increasing Its Dividend To CA$0.3331
Hydro One Limited (TSE:H) will increase its dividend from last year's comparable payment on the 30th of June to CA$0.3331. Even though the dividend went up, the yield is still quite low at only 2.6%. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Based on the last payment, Hydro One's earnings were much higher than the dividend, but it wasn't converting those earnings into cash flow. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure. Over the next year, EPS is forecast to expand by 16.4%. If the dividend continues on this path, the payout ratio could be 26% by next year, which we think can be pretty sustainable going forward. See our latest analysis for Hydro One Even though the company has been paying a consistent dividend for a while, we would like to see a few more years before we feel comfortable relying on it. Since 2016, the dividend has gone from CA$0.84 total annually to CA$1.33. This works out to be a compound annual growth rate (CAGR) of approximately 5.3% a year over that time. The dividend has been growing as a reasonable rate, which we like. However, investors will probably want to see a longer track record before they consider Hydro One to be a consistent dividend paying stock. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see that Hydro One has been growing its earnings per share at 7.9% a year over the past five years. The lack of cash flows does make us a bit cautious though, especially when it comes to the future of the dividend. In summary, while it's always good to see the dividend being raised, we don't think Hydro One's payments are rock solid. With cash flows lacking, it is difficult to see how the company can sustain a dividend payment. This company is not in the top tier of income providing stocks. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've identified 2 warning signs for Hydro One (1 is a bit concerning!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
20-05-2025
- Business
- Yahoo
This Utility Stock Has Been Beating the Market This Year and Recently Raised Its Dividend
It has been a volatile year for the markets, and while stocks have been rallying in recent weeks, it still has been a fairly lackluster performance; the S&P 500 is up less than 1% while the TSX has risen by nearly 5%. And amid uncertainty, investors have been focusing on safer investments to buy and hold. One of them has been Hydro One Limited (TSX:H). The utility stock is up around 13% since the start of the year and has soundly been outperforming the market. It's a good, safe dividend stock to own. And recently, it gave investors reason even more of a reason to add it to their portfolios: a dividend hike. On May 7, the company declared a quarterly dividend of $0.3331, which was an increase of 6% from its previous quarterly payment of $0.3142. Over the course of a full year, Hydro One stock is now paying its shareholders $1.3324, which equates to a yield of 2.7% That's an above-average yield given that the average S&P 500 stock pays an average of 1.4%. Read: The Next Phase of Gold's Bull Run May Belong to the Underdogs Early Movers in Health AI Are Starting to Separate from the Pack Gold's Bull Case Strengthens as Miners Advance Projects Across the Globe As Functional Drinks Go Mainstream, Investors Are Following the Trend Major Drilling Programs Ramp Up Just as Gold Sentiment Turns Bullish Hydro One has consistently posted a profit over the years, and since 2022, the bottom line has been north of $1 billion. The company has grown its operations steadily and there's minimal risk with this type of investment, making it a suitable option whether you're looking for a great dividend stock to own or just want to park your money some place safe at a time when the threat of tariffs and trade wars are still weighing on the markets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Hydro One's 2024 Sustainability Report focuses on strategic and sustainable growth to deliver for Ontarians
TORONTO, May 16, 2025 /PRNewswire/ - Hydro One Limited (Hydro One) announced the release of its 2024 Sustainability Report. The report, titled A Better and Brighter Future for All, provides a balanced account of Hydro One's performance across a range of environmental, social and governance measures from January 1 to December 31, 2024. "It is an exciting time in Ontario, with rapid energization, a focus on a growing economy and the increasing energy needs of all Ontarians," said Megan Telford, Executive Vice President, Strategy and Energy Transition. "This report shows how we have aligned our refreshed strategy with sustainability to guide and support the development and growth that will enable us to continue to deliver for our customers and all Ontarians." Key highlights of the report for 2024 include: Approximately 44 per cent of sedans and SUVs were converted to EVs or hybrids Approximately 5.5 per cent of total sourceable spend for purchases with Indigenous businesses and materials, which exceeds the company's goal of 5 per cent by 2026 Approximately 62 hectares of pollinator habitats established Awarded the development of the Wawa Timmins Power Line with support of majority of impacted First Nations Zero fatalities with a 0.55 total recordable injury rate Hydro One's 2024 Sustainability Report can be found here. Hydro One Limited (TSX: H)Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion. Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at or For More InformationFor more information about everything Hydro One, please visit where you can find additional information including links to securities filings, historical financial reports, and information about the Company's governance practices, corporate social responsibility, customer solutions, and further information about its business. Forward-Looking Statements and Information:This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (collectively, "forward-looking information"). Statements containing forward-looking information are made pursuant to the "safe harbour" provisions of applicable Canadian and U.S. securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law. View original content to download multimedia: SOURCE Hydro One Limited Sign in to access your portfolio
Cision Canada
16-05-2025
- Business
- Cision Canada
Hydro One's 2024 Sustainability Report focuses on strategic and sustainable growth to deliver for Ontarians
TORONTO, May 16, 2025 /CNW/ - Hydro One Limited (Hydro One) announced the release of its 2024 Sustainability Report. The report, titled A Better and Brighter Future for All, provides a balanced account of Hydro One's performance across a range of environmental, social and governance measures from January 1 to December 31, 2024. "It is an exciting time in Ontario, with rapid energization, a focus on a growing economy and the increasing energy needs of all Ontarians," said Megan Telford, Executive Vice President, Strategy and Energy Transition. "This report shows how we have aligned our refreshed strategy with sustainability to guide and support the development and growth that will enable us to continue to deliver for our customers and all Ontarians." Key highlights of the report for 2024 include: Approximately 44 per cent of sedans and SUVs were converted to EVs or hybrids Approximately 5.5 per cent of total sourceable spend for purchases with Indigenous businesses and materials, which exceeds the company's goal of 5 per cent by 2026 Approximately 62 hectares of pollinator habitats established Awarded the development of the Wawa Timmins Power Line with support of majority of impacted First Nations Zero fatalities with a 0.55 total recordable injury rate Hydro One's 2024 Sustainability Report can be found here. Hydro One Limited (TSX: H) Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion. Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at or For More Information For more information about everything Hydro One, please visit where you can find additional information including links to securities filings, historical financial reports, and information about the Company's governance practices, corporate social responsibility, customer solutions, and further information about its business. Forward-Looking Statements and Information: This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (collectively, "forward-looking information"). Statements containing forward-looking information are made pursuant to the "safe harbour" provisions of applicable Canadian and U.S. securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
