Markets

Canadian Utilities' Preferred Shares Series 4 Shares Cross 3.5% Yield Mark

In trading on Friday, shares of Canadian Utilities Ltd's Cumulative Redeemable Preferred Shares Series 4 (TSX: CIU-PRC.TO) were yielding above the 3.5% mark based on its quarterly dividend (annualized to $0.5607), with shares changing hands as low as $15.53 on the day. As of last close, CIU.PRC was trading at a 30.08% discount to its liquidation preference amount.

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

Performance Comparison Chart

Below is a dividend history chart for CIU.PRC, showing historical dividend payments on Canadian Utilities Ltd's Cumulative Redeemable Preferred Shares Series 4:

CIU.PRC+Dividend+History+Chart

In Friday trading, Canadian Utilities Ltd's Cumulative Redeemable Preferred Shares Series 4 (TSX: CIU-PRC.TO) is currently down about 11.2% on the day, while the common shares (TSX: CU.TO) are off about 0.2%.

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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