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Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series Y Ex-Dividend Reminder - 5/7/14

On 5/7/14, Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series Y (TSX: CU-PRC.TO ) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 6/1/14. As a percentage of CU.PRC's recent share price of $26.55, this dividend works out to approximately 0.94%, so look for shares of CU.PRC to trade 0.94% lower - all else being equal - when CU.PRC shares open for trading on 5/7/14. On an annualized basis, the current yield is approximately 3.75%.

As of last close, CU.PRC was trading at a 6.76% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible . The chart below shows the one year performance of CU.PRC shares, versus CU:

Performance Comparison Chart

Below is a dividend history chart for CU.PRC, showing historical dividends prior to the most recent $0.25 on Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series Y:

CU.PRC+Dividend+History+Chart

In Monday trading, Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series Y (TSX: CU-PRC.TO ) is currently off about 0.5% on the day, while the common shares (TSX: CU.TO ) are up about 0.1%.

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.

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