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Derived from payout historyIncome reliability
Quarterly income profile is visible
CPX.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
CPX.TO
Capital Power
UtilitiesPlain dividendQuarterly
Market Snapshot
$74.38
-$0.32 (-42.84%)
Toronto
Yield
3.72%
Rate $2.76
Next Payment
Next pay in 38 days
Ex-date 2026-06-30
52wk Position
96.45%
-1.00% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $69.00
- APR
- 0.928
- Coverage
- 0.928
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $69.00
- Cushion
- -$5.38
- Cushion %
- -7.23%
Current $74.38Break $69.00
Smart Recommendation
CPX.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Moderate
1mo agoDRIP availability
Available
1mo agoTax character
Eligible dividend
1mo agoDistribution history
5–10 yr track
1mo agoStructure complexity
Moderate
1mo agoIncome trend
Growing
1mo agoAccount suitability
Non-reg: eligible div
1mo agoStructure Overview
Capital Power (CPX) is an Edmonton-based power generation company with assets primarily in Alberta and the United States. Unlike regulated utilities, Capital Power operates in competitive electricity markets, which introduces merchant price exposure alongside its contracted revenues. CPX targets annual dividend growth linked to distributable cash flow.
Canadian Planning Notes
- 1CPX's merchant power exposure in Alberta differs from the fully regulated utility model of FTS or CU; payout sustainability is more sensitive to electricity price cycles.
- 2Eligible dividends qualify for the tax credit; DRIP is available.
- 3Compare CPX's contracted vs. merchant revenue mix in each earnings release before planning income around stated dividend growth guidance.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.