City of Welland Council Meeting Agenda April 14 2026
City to Receive $1M Dividend from Welland Hydro
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Description
Welland’s finance staff recommend that Council request and accept a $1,000,000 shareholder dividend from Welland Hydro-Electric Holding Corp. for 2026. The dividend is built into the City’s 2026 tax-supported operating budget.
Contract Details
Contract Amount
$1,000,000
Vendor
WELLAND HYDRO-ELECTRIC HOLDING CORP
Agency
City of Welland, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
Dividend related to 2026 fiscal year
Renewal Date
2027-12-31
Renewal Info
Annual dividend is a recurring shareholder action; potential increased dividend for 2027 is under early discussion but not yet approved.
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