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GUELPH, Ontario, Sept. 01, 2026 (GLOBE NEWSWIRE) -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared a quarterly cash dividend of twenty-nine cents ($0.29) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twenty-nine cents ($0.29) per Class B Common Share of HPS, representing an increase of $0.015 or 5.5%. The dividend will be payable on September 24, 2026 to shareholders of record at the close of business on September 17, 2026. The ex-dividend date is September 17, 2026.

Hammond Power Solutions is rated buy, driven by expanded capacity, strong data center demand, and the strategic AEG acquisition. HPS's production expansion and AEG integration position it as a platform player, with forecasted 2027 revenue of C$1.7B and C$13.40 adjusted EPS. Key risks include backlog declines, margin compression below 30%, and failure to deleverage post-acquisition; monitoring execution and market shifts is critical.

Hammond Power Solutions TSE: HPS.A reported record second-quarter sales as expanded manufacturing capacity supported higher shipments, particularly into U.S. data center and critical-infrastructure markets, while the company also completed its acquisition of AEG Power Solutions shortly after the quarter ended.