Caribbean Utilities (CUP) Increases Dividend to $0.70 Per Share
Caribbean Utilities (TSE:CUP) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Saturday, June 1st will be paid a dividend of 0.70 per share on Saturday, June 15th. This represents a $2.80 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from Caribbean Utilities’s previous quarterly dividend of $0.18.
Caribbean Utilities has a twelve month low of C$13.25 and a twelve month high of C$13.40.
Caribbean Utilities (TSE:CUP) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.17 EPS for the quarter. The company had revenue of C$62.95 million for the quarter.
Caribbean Utilities Company Profile
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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