Canadian Utilities Limited Declares Quarterly Dividend of C$0.27 (CU)
Canadian Utilities Limited (TSE:CU) announced a Quarterly dividend on Wednesday, May 7th, StockRatingsNetwork.com reports. Shareholders of record on Sunday, June 1st will be paid a dividend of 0.2675 per share on Sunday, June 1st. This represents a dividend yield of 2.62%. The ex-dividend date is Wednesday, May 7th.
CU has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian Utilities Limited in a research note on Monday, April 28th. On the ratings front, analysts at National Bank Financial downgraded shares of Canadian Utilities Limited from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 28th. They now have a C$43.00 price target on the stock, up previously from C$42.00. Finally, analysts at CIBC downgraded shares of Canadian Utilities Limited to a “sector perform” rating in a research note on Monday, April 28th. They now have a C$44.00 price target on the stock, up previously from C$42.50. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$42.83.
Canadian Utilities Limited (TSE:CU) opened at 40.69 on Wednesday. Canadian Utilities Limited has a 1-year low of $33.47 and a 1-year high of $41.68. The stock has a 50-day moving average of $40.67 and a 200-day moving average of $38.18. The company has a market cap of $10.663 billion and a P/E ratio of 18.33.
Canadian Utilities Limited (TSE:CU) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.01. Analysts expect that Canadian Utilities Limited will post $2.32 EPS for the current fiscal year.
Canadian Utilities Limited is a holding company. The Company is engaged in Utilities (TSE:CU), Energy (power generation, natural gas gathering, processing, storage and liquids extraction), and Technologies (business systems solutions).
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