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

Canadian Utilities Limited (TSE:CU - Get Free Report) declared a quarterly dividend on Thursday, July 10th, RTT News reports. Stockholders of record on Thursday, August 7th will be paid a dividend of 0.4577 per share on Monday, September 1st. This represents a $1.83 dividend on an annualized basis and a dividend yield of 4.85%. This is a 1.0% increase from Canadian Utilities's previous quarterly dividend of $0.45.

Canadian Utilities Stock Performance

Shares of Canadian Utilities stock traded down C$0.17 on Friday, reaching C$37.78. 31,829 shares of the stock were exchanged, compared to its average volume of 530,961. Canadian Utilities has a 1-year low of C$30.07 and a 1-year high of C$38.85. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The business has a fifty day moving average price of C$37.72 and a two-hundred day moving average price of C$36.10. The firm has a market capitalization of C$7.72 billion, a PE ratio of 20.41, a PEG ratio of 2.38 and a beta of 0.66.

Wall Street Analyst Weigh In

CU has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price objective on shares of Canadian Utilities from C$39.00 to C$41.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. TD Securities raised shares of Canadian Utilities to a "hold" rating and set a C$40.00 price objective on the stock in a report on Friday, June 27th. Finally, CIBC boosted their price objective on shares of Canadian Utilities from C$38.00 to C$40.00 in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$38.83.

Insider Activity

In other news, Senior Officer James Armstrong sold 1,258 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$37.98, for a total value of C$47,778.84. Following the completion of the sale, the insider owned 136 shares of the company's stock, valued at C$5,165.28. This represents a 90.24% decrease in their ownership of the stock. Insiders have sold a total of 1,508 shares of company stock valued at $57,191 over the last ninety days. 37.58% of the stock is owned by corporate insiders.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.