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.

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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).

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