Markets

Ex-Div Reminder for Canadian Utilities Cumulative Redeemable Second Preferred Shares Series DD

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Shutterstock photo

Shutterstock photo

On 2/2/17, Canadian Utilities Ltd's Cumulative Redeemable Second Preferred Shares Series DD (TSX: CU-PRG.TO ) will trade ex-dividend, for its quarterly dividend of $0.2812, payable on 3/1/17. As a percentage of CU.PRG's recent share price of $22.10, this dividend works out to approximately 1.27%, so look for shares of CU.PRG to trade 1.27% lower - all else being equal - when CU.PRG shares open for trading on 2/2/17. On an annualized basis, the current yield is approximately 5.08%.

As of last close, CU.PRG was trading at a 11.44% 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 dividends prior to the most recent $0.2812 on Canadian Utilities Ltd's Cumulative Redeemable Second Preferred Shares Series DD:

CU.PRG+Dividend+History+Chart

In Tuesday trading, Canadian Utilities Ltd's Cumulative Redeemable Second Preferred Shares Series DD (TSX: CU-PRG.TO ) is currently down about 0.2% 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.

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