Caribbean Utilities (OTCMKTS:CUPUF) Stock Price Passes Above Fifty Day Moving Average of $13.93

Shares of Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUFGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.93 and traded as high as $14.01. Caribbean Utilities shares last traded at $14.01, with a volume of 814 shares trading hands.

Caribbean Utilities Price Performance

The business’s 50-day moving average price is $13.93 and its 200 day moving average price is $12.71.

Caribbean Utilities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were given a $0.185 dividend. This is a positive change from Caribbean Utilities’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Friday, May 31st. Caribbean Utilities’s dividend payout ratio (DPR) is 94.75%.

About Caribbean Utilities

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Caribbean Utilities Company, Ltd. engages in the generation, transmission, and distribution of electricity in Grand Cayman. The company generates electricity using diesel with 166 megawatts total installed capacity. It also operates nine transformer substations with approximately 436 miles of land-based high voltage transmission and distribution lines and 15 miles of high-voltage submarine cables.

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