Canadian Utilities (TSE:CU) will be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Canadian Utilities to post earnings of C$0.59 per share for the quarter.
Canadian Utilities (CU) opened at C$34.26 on Thursday. The firm has a market cap of $9,400.00, a PE ratio of 16.79 and a beta of 0.07. Canadian Utilities has a fifty-two week low of C$34.26 and a fifty-two week high of C$42.44.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.393 per share. The ex-dividend date is Wednesday, February 7th. This is a boost from Canadian Utilities’s previous quarterly dividend of $0.36. This represents a $1.57 annualized dividend and a dividend yield of 4.59%. Canadian Utilities’s dividend payout ratio (DPR) is currently 68.50%.
CU has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of Canadian Utilities from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday, October 27th. BMO Capital Markets cut their target price on shares of Canadian Utilities from C$41.00 to C$40.00 in a research report on Tuesday, February 6th.
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Canadian Utilities Company Profile
Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).
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