Canadian Utilities Preferred Shares Press Release Summaries
This page contains Canadian Utilities Preferred Shares Press Release Summaries. Click on the Press Release Date to view the entire news release.
| Headline: | Dividend Raise from 43.54 to 43.98 |
| Press Release Date: | Feb. 25, 2021 |
| Excerpt from Press release: | On January 14, 2021, Canadian Utilities declared a first quarter dividend of 43.98 cents per share or $1.76 per share on annualized basis per Class A non-voting and Class B common share, a one per cent increase over the 43.54 cents paid in each of the four previous quarters. Canadian Utilities has increased its dividend per share for 49 consecutive years, the longest track record of annual dividend increases of any publicly traded Canadian company. |
| Symbol: | CU.PR.I – Series FF |
| Reset Date: | December 1, 2020 |
| Press Release Date: | November 2, 2020 |
| Yield: | 4.50% |
| Annual Dividend: | $1.125 |
| Excerpt from Press release: | Effective December 1, 2020, the annual dividend rate for the Series FF Preferred Shares is set at 4.50% for the five-year period from and including December 1, 2020 to but excluding December 1, 2025 and the dividend rate for the Series GG Preferred Shares is set at an annual rate of 3.78% for the three-month period commencing December 1, 2020 to but excluding March 1, 2021. The dividend rate for the Series GG Preferred Shares will be reset each quarter. Both rates were calculated according to the terms described in the prospectus supplement of Canadian Utilities Limited dated September 16, 2015. |
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