Crius Energy Trust (TSE:KWH.UN) Raises Dividend to $0.07 Per Share
Crius Energy Trust (TSE:KWH.UN) declared a monthly dividend on Thursday, July 27th, TickerTech reports. Investors of record on Tuesday, August 15th will be paid a dividend of 0.067 per share on Tuesday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from Crius Energy Trust’s previous monthly dividend of $0.07.
A number of equities research analysts recently issued reports on the company. National Bank Financial reissued an “outperform” rating and set a C$13.00 price target on shares of Crius Energy Trust in a research note on Wednesday, June 21st. Royal Bank Of Canada raised their price target on Crius Energy Trust from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$12.10.
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About Crius Energy Trust
Crius Energy Trust (the Trust) is an open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its ownership interest in Crius Energy, LLC (Crius Energy), by the Trust’s indirect subsidiary, Crius Energy Corporation. Crius Energy is involved in the sale of electricity and natural gas to residential and commercial customers.
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