Increases Common Share Dividend for the 52nd
consecutive year
CALGARY,
AB, Jan. 11, 2024 /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 45.31 cents per Class A non-voting (TSX:CU) and
Class B common share (TSX:CU.X), a one percent increase over the
44.86 cents paid in each of the four
previous quarters. This common share dividend is payable
March 1, 2024, to shareholders of
record on February 1, 2024.
The Board of Directors of Canadian Utilities Limited also
declared the following Cumulative Redeemable Second Preferred Share
Dividends:
|
Shares
|
TSX
Stock
Symbol
|
Dividend
Per Share
($)
|
Record
Date
(2024)
|
Payment
Date
(2024)
|
|
Series Y
5.196%
|
CU.PR.C
|
0.32475
|
01-Feb
|
01-Mar
|
|
Series AA
4.90%
|
CU.PR.D
|
0.30625
|
01-Feb
|
01-Mar
|
|
Series BB
4.90%
|
CU.PR.E
|
0.30625
|
01-Feb
|
01-Mar
|
|
Series CC
4.50%
|
CU.PR.F
|
0.28125
|
01-Feb
|
01-Mar
|
|
Series DD
4.50%
|
CU.PR.G
|
0.28125
|
01-Feb
|
01-Mar
|
|
Series EE
5.25%
|
CU.PR.H
|
0.328125
|
01-Feb
|
01-Mar
|
|
Series FF
4.50%
|
CU.PR.I
|
0.28125
|
01-Feb
|
01-Mar
|
|
Series HH
4.75%
|
CU.PR.J
|
0.296875
|
01-Feb
|
01-Mar
|
These dividends are eligible dividends within the meaning of the
Income Tax Act (Canada).
Canadian Utilities Limited and its subsidiary and affiliate
companies have approximately 8,000 employees and assets of $23
billion. Canadian Utilities, an ATCO company, 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 operations); Energy Infrastructure (energy storage,
energy generation, industrial water solutions, and clean fuels);
and Retail Energy (electricity and natural gas retail sales, and
whole-home solutions). More information can be found at
www.canadianutilities.com.
Investor & Analyst Inquiries:
Colin Jackson
Senior Vice President, Finance, Treasury & Sustainability
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt
Kadatz
Director, 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
"expect", "may", "will", "intend", "should", and similar
expressions. In particular, forward-looking information in this
news release includes references to the payment of
dividends.
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 such 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.
SOURCE Canadian Utilities Limited