Caribbean Utilities Company Ltd (TSE:CUP) Increases Dividend to $0.22 Per Share
From The Ledger Gazette
Caribbean Utilities Company Ltd (TSE:CUP) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.219 per share on Friday, December 15th. This represents a $0.88 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Thursday, November 30th. This is an increase from Caribbean Utilities’s previous quarterly dividend of $0.17
Shares of Caribbean Utilities (TSE:CUP) traded down C$0.10 on Monday, reaching C$13.30. The company’s stock had a trading volume of 460 shares. Caribbean Utilities has a fifty-two week low of C$13.30 and a fifty-two week high of C$13.30.
About Caribbean Utilities
Caribbean Utilities Company, Ltd. is engaged in generating, transmitting and distributing electricity in its license area of Grand Cayman, Cayman Islands. The Company uses diesel generation to produce electricity for Grand Cayman. Its power system consists of 20 generating units, including 17 diesel engines, two gas turbines and one steam turbine with a combined capacity of approximately 160 megawatts (MW).
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