08:25 AM EDT, 10/30/2024 (MT Newswires) -- Capital Power ( CPXWF ) on Wednesday said profit and revenue fell in the third quarter.

The power generation company said net income fell to $179 million, or $1.32 per diluted share, from $274 million, or $2.26 per diluted share, last year.

Revenue fell from $1.15 billion last year, to $1.03 billion.

Capital Power ( CPXWF ) will pay a higher dividend of $2.61 per share on Oct. 31. The increase, from $2.46, was first announced on July 30.