Canadian Utilities Limited (TSE:CU) Shares to Pay Quarterly Dividend of $0.46

Canadian Utilities Limited (TSE:CU) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.4623 per share on Tuesday, December 1st. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, November 5th.

Canadian Utilities Trading Down 1.0%

TSE CU traded down C$0.55 during trading hours on Thursday, hitting C$52.72. The company’s stock had a trading volume of 83,876 shares, compared to its average volume of 623,020. The stock has a fifty day moving average of C$50.52 and a 200 day moving average of C$49.92. The firm has a market capitalization of C$14.36 billion, a P/E ratio of 329.50, a PEG ratio of 2.38 and a beta of 0.36. Canadian Utilities has a twelve month low of C$39.00 and a twelve month high of C$56.90. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 184.88.

About Canadian Utilities

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.