Canadian Utilities Limited Eligible Dividends
12 January 2018 - 10:21AM
Canadian Utilities Limited (TSX:CU) (TSX:CU.X)
The Board of Directors of Canadian Utilities Limited, an ATCO
Company, today declared a first quarter dividend of 39.33 cents per
Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a
10 per cent increase over the 35.75 cents paid in each of the four
previous quarters. This common share dividend is payable
March 1, 2018, to shareholders of record on February 8, 2018.
The Board also declared the following Cumulative Redeemable
Second Preferred Share Dividends:
|
Shares |
TSX StockSymbol |
DividendPer Share ($) |
Record Date(2018) |
Payment Date(2018) |
Series Y
3.403% |
CU.PR.C |
0.2126875 |
08-Feb |
01-Mar |
Series AA
4.90% |
CU.PR.D |
0.30625 |
08-Feb |
01-Mar |
Series BB
4.90% |
CU.PR.E |
0.30625 |
08-Feb |
01-Mar |
Series CC
4.50% |
CU.PR.F |
0.28125 |
08-Feb |
01-Mar |
Series DD
4.50% |
CU.PR.G |
0.28125 |
08-Feb |
01-Mar |
Series EE
5.25% |
CU.PR.H |
0.328125 |
08-Feb |
01-Mar |
Series FF
4.50% |
CU.PR.I |
0.28125 |
08-Feb |
01-Mar |
|
|
|
|
|
These dividends are eligible dividends within the meaning of the
Income Tax Act (Canada).Canadian Utilities Limited has a Dividend
Reinvestment Plan (DRIP) available to eligible holders of Class A
non-voting shares and Class B common shares. Eligible
shareholders may reinvest the cash dividends paid on their common
shares to purchase new Class A non-voting shares from treasury at a
two percent discount to the volume weighted average price as
defined in the DRIP. For more information visit:
www.canadianutilities.com or the AST Trust Company (Canada) website
at www.astfinancial.com/ca-en.
With approximately 5,400 employees and assets of $20
billion, Canadian Utilities Limited is an ATCO company. ATCO is a
diversified global corporation delivering service excellence and
innovative business solutions in Structures & Logistics
(workforce housing, innovative modular facilities, construction,
site support services, and logistics and operations management);
Electricity (electricity generation, transmission, and
distribution); Pipelines & Liquids (natural gas transmission,
distribution and infrastructure development, energy storage, and
industrial water solutions); and Retail Energy (electricity and
natural gas retail sales). More information can be found
at
www.canadianutilities.com.
Media & Investor Inquiries:
D.A. (Dennis) DeChamplainSenior Vice President & Chief
Financial Officer403-292-7502
Forward-Looking
Information:Certain statements contained in this news
release may constitute forward-looking information. Forward-looking
information is often, but not always, identified by the use of
words such as “anticipate”, “plan”, “estimate”, “expect”, “may”,
“will”, “intend”, “should”, and similar expressions.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking information. The Company’s actual results
could differ materially from those anticipated in this
forward-looking information as a result of regulatory decisions,
competitive factors in the industries in which the Company
operates, prevailing economic conditions, and other factors, many
of which are beyond the control of the Company. |
|
The Company believes that
the expectations reflected in the forward-looking information are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking information
should not be unduly relied upon. Any forward-looking
information contained in this news release represents the Company’s
expectations as of the date hereof, and is subject to change after
such date. The Company disclaims any intention or obligation to
update or revise any forward-looking information whether as a
result of new information, future events or otherwise, except as
required by applicable securities legislation. |
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