Capital Power shares rise 1.43% intraday after reporting a $3.0 billion acquisition and a 6% dividend increase.

Capital Power Corporation rose 1.43% in intraday trading, with the company reporting a $132 million Q2 loss after closing its largest acquisition to date. The acquisition of the Hummel and Rolling Hills facilities in the PJM1 market added ~2.2 GW of capacity to its U.S. flexible generation portfolio. Additionally, the company increased its annual common share dividend by 6% for the 12th consecutive year.