08-31-2023
| CAD/share | |
| Price | 35.12 |
| Dividend | 1.19 |
| Earnings | 1.89 |
| Cash-flow | 3.78 |
| Book value | 18.48 |
| Equity | 18.53 |
Hydro One is part of Electricity business, which is part of Utilities industry. Hydro One is a company from Canada, and his stocks are publicly traded.
Hydro One stock dividend
Hydro One paid a total dividend of 712 million CAD last year, for a market value of 21,002 millions (Market Cap 11,085 millions). Hydro One dividend per share is 1.19 CAD, and his stock market price 35.12 CAD.
According to the chart below, where dividend yield is displayed, Hydro One has a dividend yield of 3.38%, which is similar to the amount offered by both the market average and companies from Canada. However, it is lower than the average of Utilities industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.
In addition, you should compare Hydro One stocks dividend with other Electricity companies or other of the highest Canada dividend stocks list.
Hydro One Dividend Payout
About the ability of Hydro One to maintain his current dividend of CAD 1.19 per share, an amount that accounts for 3.38%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Hydro One payout on ernings is currently 62.96%, which is higher than the market average, and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Hydro One can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Hydro One is CAD 3.78 per share, which is higher than the dividend per share paid by the company of CAD 1.19, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Hydro One, compared againt world market average, Canada companies, Utilities industry and Electricity sector companies.
Hydro One Dividend History
Below you will find a table with the historical evolution of Hydro One's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
| Year | Yield | CAD | Paypout | Shares* |
| Present | 3.38% | 1.19 | 62.96% | 598 |
| 2022 | 3.08% | 1.12 | 64.37% | 598 |
| 2021 | 3.24% | 1.07 | 34.74% | 598 |
| 2020 | 3.54% | 1.01 | 70.14% | 597 |
| 2019 | 3.85% | 0.97 | 67.83% | 597 |
| 2018 | 4.54% | 0.92 | 76.03% | 596 |
| 2017 | 3.93% | 0.88 | 67.69% | 595 |
| 2016 | 3.29% | 0.76 | 60.80% | 595 |
*In millions
Hydro One Stock performance
Finally, last moth Hydro One showed a return of -5.60% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a -1.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Electricity firms.
