Canadian Utilities’ Series CC Preferred Shares Yield Exceeds 6%

Published On: November 7, 2024 3:14 pm

Canadian Utilities Ltd Preferred Shares Yield Over 6% Amid Market Fluctuations

Trading Update: Cumulative Redeemable Second Preferred Shares Series CC

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):

Performance Comparison Chart

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:

CU.PRF Dividend History Chart

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%.

Click here to discover 9 other Canadian dividend stocks that have recently entered new yield territory.