Caribbean Utilities (TSE:CUP) Announces Dividend Increase – $0.23 Per Share

Caribbean Utilities (TSE:CUPGet Rating) announced a quarterly dividend on Monday, May 9th, Zacks reports. Stockholders of record on Wednesday, June 1st will be given a dividend of 0.225 per share on Wednesday, June 15th. This represents a $0.90 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, May 31st. This is a positive change from Caribbean Utilities’s previous quarterly dividend of $0.18.

Caribbean Utilities has a 1-year low of C$13.25 and a 1-year high of C$13.40.

Caribbean Utilities (TSE:CUPGet Rating) last announced its quarterly earnings data on Friday, February 11th. The company reported C$0.26 earnings per share for the quarter. The business had revenue of C$69.69 million for the quarter.

About Caribbean Utilities (Get Rating)

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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Dividend History for Caribbean Utilities (TSE:CUP)

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