Canadian Utilities Limited's Preferred Shares Series DD Crosses Above 5.5% Yield Territory

Shutterstock photo

In trading on Thursday, shares of Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series DD (TSX: CU-PRG.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $20.40 on the day. As of last close, CU.PRG was trading at a 17.40% discount to its liquidation preference amount.

The chart below shows the one year performance of CU.PRG shares, versus CU:

Performance Comparison Chart

Below is a dividend history chart for CU.PRG, showing historical dividend payments on Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series DD:

CU.PRG+Dividend+History+Chart

In Thursday trading, Canadian Utilities Limited's Cumulative Redeemable Second Preferred Shares Series DD (TSX: CU-PRG.TO ) is currently down about 1.2% on the day, while the common shares (TSX: CU.TO ) are down about 1.6%.

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.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.