Canadian Utilities Limited (CU) to Issue Quarterly Dividend of $0.44 on March 1st

Canadian Utilities Limited (TSE:CU) announced a quarterly dividend on Thursday, January 13th, Zacks reports. Stockholders of record on Thursday, February 3rd will be given a dividend of 0.444 per share on Tuesday, March 1st. This represents a $1.78 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Wednesday, February 2nd. This is a boost from Canadian Utilities’s previous quarterly dividend of $0.44.

TSE CU opened at C$35.55 on Friday. The firm has a market cap of C$9.57 billion and a PE ratio of 37.78. Canadian Utilities has a one year low of C$29.96 and a one year high of C$37.00. The stock’s 50 day simple moving average is C$35.60 and its 200 day simple moving average is C$35.30. The company has a debt-to-equity ratio of 144.67, a current ratio of 1.44 and a quick ratio of 1.18.

Canadian Utilities (TSE:CU) last released its quarterly earnings results on Thursday, October 28th. The company reported C$0.33 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.32 by C$0.01. The business had revenue of C$790.00 million for the quarter. As a group, equities analysts expect that Canadian Utilities will post 2.2 earnings per share for the current year.

In other news, Director Nancy C. Southern sold 1,900 shares of the firm’s stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of C$35.21, for a total value of C$66,899.00. Following the completion of the transaction, the director now owns 103,982 shares in the company, valued at approximately C$3,661,206.22.

A number of research firms have recently weighed in on CU. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Utilities in a research note on Tuesday, September 21st. National Bankshares increased their price target on Canadian Utilities from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Friday, October 29th. National Bank Financial increased their price target on Canadian Utilities to C$37.00 and gave the company a “sector perform” rating in a research note on Friday, October 29th. CSFB increased their price target on Canadian Utilities from C$38.00 to C$39.00 in a research note on Thursday, November 18th. Finally, TD Securities increased their price target on Canadian Utilities from C$38.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, November 1st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Canadian Utilities has a consensus rating of “Hold” and a consensus price target of C$37.22.

About Canadian Utilities

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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Dividend History for Canadian Utilities (TSE:CU)

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