Shares of Canadian Utilities Limited (TSE:CU) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$34.27 and last traded at C$34.77, with a volume of 140379 shares trading hands. The stock had previously closed at C$34.65.

CU has been the topic of several research reports. Royal Bank of Canada cut their price objective on Canadian Utilities from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, October 27th. BMO Capital Markets cut their price objective on Canadian Utilities from C$41.00 to C$40.00 in a research note on Tuesday, February 6th.

The stock has a market capitalization of $9,400.00, a PE ratio of 17.01 and a beta of 0.07.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a dividend of $0.393 per share. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.53%. This is a boost from Canadian Utilities’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 7th. Canadian Utilities’s dividend payout ratio is presently 68.50%.

In other news, Director George J. Lidgett sold 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$38.91, for a total transaction of C$77,820.00.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at

About Canadian Utilities

Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).

Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with's FREE daily email newsletter.