On 5/7/14, Canadian Utilities Limited's Cumulative Redeemable Preferred Shares Series 1 (TSX: CIU-PRA.TO ) will trade ex-dividend, for its quarterly dividend of $0.2875, payable on 6/1/14. As a percentage of CIU.PRA's recent share price of $22.96, this dividend works out to approximately 1.25%, so look for shares of CIU.PRA to trade 1.25% lower - all else being equal - when CIU.PRA shares open for trading on 5/7/14. On an annualized basis, the current yield is approximately 5.01%.
As of last close, CIU.PRA was trading at a 8.16% discount to its liquidation preference amount. The chart below shows the one year performance of CIU.PRA shares, versus CU:
Below is a dividend history chart for CIU.PRA, showing historical dividends prior to the most recent $0.2875 on Canadian Utilities Limited's Cumulative Redeemable Preferred Shares Series 1:
In Monday trading, Canadian Utilities Limited's Cumulative Redeemable Preferred Shares Series 1 (TSX: CIU-PRA.TO ) is currently trading flat on the day, while the common shares (TSX: CU.TO ) are trading flat.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
