Canadian Utilities Limited (TSE:CU) Shareholders to Receive $0.46 Quarterly Dividend

Canadian Utilities Limited (TSE:CU) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.4623 per share on Tuesday, December 1st. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, November 5th.

Canadian Utilities Stock Performance

Shares of TSE CU traded down C$0.55 during mid-day trading on Thursday, hitting C$52.72. The stock had a trading volume of 83,876 shares, compared to its average volume of 623,020. The company has a debt-to-equity ratio of 184.88, a quick ratio of 1.30 and a current ratio of 1.80. Canadian Utilities has a twelve month low of C$39.00 and a twelve month high of C$56.90. The company has a 50 day moving average of C$50.52 and a two-hundred day moving average of C$49.92. The firm has a market cap of C$14.36 billion, a PE ratio of 329.50, a PEG ratio of 2.38 and a beta of 0.36.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.