Increases Common Share Dividend for the
50th consecutive year and announces reinstatement of the
Dividend Reinvestment Program
CALGARY,
AB, Jan. 13, 2022 /CNW/ - 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 44.42 cents per Class A non-voting (TSX:CU) and
Class B common share (TSX: CU.X), a one percent increase over the
43.98 cents paid in each of the four
previous quarters. This common share dividend is payable
March 1, 2022, to shareholders of
record on February 3, 2022.
The Board also declared the following Cumulative Redeemable
Second Preferred Share Dividends:
|
Shares
|
TSX
Stock
Symbol
|
Dividend
Per Share
($)
|
Record
Date
(2022)
|
Payment
Date
(2022)
|
|
Series Y
3.403%
|
CU.PR.C
|
0.2126875
|
03-Feb
|
01-Mar
|
|
Series AA
4.90%
|
CU.PR.D
|
0.30625
|
03-Feb
|
01-Mar
|
|
Series BB
4.90%
|
CU.PR.E
|
0.30625
|
03-Feb
|
01-Mar
|
|
Series CC
4.50%
|
CU.PR.F
|
0.28125
|
03-Feb
|
01-Mar
|
|
Series DD
4.50%
|
CU.PR.G
|
0.28125
|
03-Feb
|
01-Mar
|
|
Series EE
5.25%
|
CU.PR.H
|
0.328125
|
03-Feb
|
01-Mar
|
|
Series FF
4.50%
|
CU.PR.I
|
0.28125
|
03-Feb
|
01-Mar
|
|
Series HH
4.75%
|
CU.PR.J
|
0.26678
|
03-Feb
|
01-Mar
|
These dividends are eligible dividends within the meaning of the
Income Tax Act (Canada).
In addition to the above, the Board of Directors of Canadian
Utilities Limited today also announced that the company's Dividend
Reinvestment Program will be reinstated, effective January 13, 2022.
With approximately 4,500 employees and assets of $21
billion, Canadian Utilities Limited is an ATCO company. Canadian
Utilities is a diversified global energy infrastructure corporation
delivering essential services and innovative business solutions in
Utilities (electricity and natural gas transmission and
distribution, and international electricity operations); Energy
Infrastructure (electricity generation, energy storage, and
industrial water solutions); and Retail Energy (electricity and
natural gas retail sales). More information can be found
at www.canadianutilities.com.
Investor & Analyst Inquiries:
Colin Jackson
Senior Vice President
Finance, Treasury, Risk & Sustainability
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt
Kadatz
Senior Manager, Corporate Communications
Kurt.Kadatz@atco.com
587 228 4571
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
(including as may be affected by the COVID-19 pandemic), 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.
SOURCE Canadian Utilities Limited