Canadian Utilities Limited (TSE:CU) to Issue Quarterly Dividend of $0.45

Canadian Utilities Limited (TSE:CU) declared a quarterly dividend on Thursday, October 10th, Zacks reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.453 per share on Sunday, December 1st. This represents a $1.81 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, November 7th.

Canadian Utilities Stock Performance

CU opened at C$35.68 on Wednesday. Canadian Utilities has a 12-month low of C$29.15 and a 12-month high of C$37.10. The stock has a market cap of C$7.31 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.38 and a beta of 0.66. The business has a 50 day moving average of C$35.26 and a 200-day moving average of C$32.53. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Canadian Utilities from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Scotiabank raised their price objective on Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. National Bankshares raised their price objective on Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd. CIBC increased their target price on Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets increased their target price on Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th.

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.