In trading on Thursday, shares of Canadian Utilities Ltd’s Cumulative Redeemable Second Preferred Shares Series CC (TSX: CU-PRF.TO) yielded above 6% based on its quarterly dividend, which is annualized to $1.125. Shares were trading as low as $18.73 during the day. Currently, CU.PRF is priced at a significant 24.52% discount to its liquidation preference amount.
The chart below illustrates the one-year performance of CU.PRF shares compared to the common shares of Canadian Utilities Ltd (CU):
Dividend History of CU.PRF
Below is the dividend history chart for CU.PRF, which outlines the historical dividend payments for Canadian Utilities Ltd’s Cumulative Redeemable Second Preferred Shares Series CC:
Market Performance on Thursday
During Thursday’s trading session, Canadian Utilities Ltd’s Cumulative Redeemable Second Preferred Shares Series CC (TSX: CU-PRF.TO) saw a decline of approximately 1.6% for the day. The common shares (TSX: CU.TO) were slightly down as well, falling about 0.2%.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
