Market dataIncome framework read
Dividend CompanyTSXCanada

H.TO

Hydro One

UtilitiesPlain dividendQuarterly

Market Snapshot

$59.79

-$0.40 (-66.46%)

Toronto

Yield

2.35%

Rate $1.41

Next Payment

Payment date passed

Ex-date 2026-06-10

52wk Position

94.53%

-1.11% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

H.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

H.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.59.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

H.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

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

Failed
Cash
$35.25
APR
0.590
Coverage
0.590

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$35.25
Cushion
-$24.54
Cushion %
-41.04%
Current $59.79Break $35.25

Smart Recommendation

H.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

2mo ago

DRIP availability

Available

2mo ago

Tax character

Eligible dividend

2mo ago

Distribution history

5–10 yr track

2mo ago

Structure complexity

Simple

2mo ago

Income trend

Growing

2mo ago

Account suitability

Non-reg: eligible div

2mo ago

Structure Overview

Hydro One (H) is Ontario's largest electricity transmission and distribution utility, operating as a regulated monopoly under the Ontario Energy Board. Hydro One pays eligible dividends quarterly and targets payout growth linked to rate-base expansion. The government of Ontario retains a significant ownership stake, providing implicit backing to the regulated framework.

Canadian Planning Notes

  • 1Hydro One's fully regulated business model with government backing provides among the most predictable cash flow profiles of any Canadian utility.
  • 2Eligible dividends qualify for the dividend tax credit; DRIP is available through major brokers.
  • 3Rate-base approvals from the Ontario Energy Board govern future revenue growth; major rate decisions can affect short-term reported earnings.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$59.79

Previous close

$60.19

Day range

$59.50 - $60.29

52wk range

$48.22 - $60.46

Market cap

35.9B

Volume

515.4K

Avg volume

1.3M

Exchange

Toronto

Dividend and distribution

Forward rate

$1.41

Trailing rate

$1.34

Forward yield

2.35%

Trailing yield

2.22%

Per payment

$0.35

Cadence

Quarterly

Next ex-date

Jun 10, 2026

Next pay

Jun 30, 2026

Last dividend

$0.35

Last dividend date

Jun 10, 2026

Performance

Daily change

-$0.40

Daily change %

-66.46%

52wk position

94.53%

Below 52wk high

-1.11%

Above 52wk low

23.99%

Open

$60.07

Earnings and financials

Trailing EPS

2.27

Forward EPS

2.39

Revenue

9.3B

Revenue growth

10.00%

Profit margin

14.78%

Operating margin

23.49%

Payout ratio

N/A

Free cash flow

-1.4B

Total cash

37M

ROE

10.92%

ROA

3.69%

Debt/equity

147.79

Beta

0.4

Valuation

Trailing P/E

26.34

Forward P/E

25.05

Price/sales

3.87

Price/book

2.79

Enterprise value

55.1B

EV/EBITDA

16.97

Analyst facts

Target mean

$57.43

Target high

$63.00

Target low

$47.00

Recommendation mean

3.29

Recommendation key

hold

Analysts

14

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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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.