Current Trading Insights and Performance Comparison
On Friday, Cumulative Redeemable Second Preferred Shares Series DD of Canadian Utilities Ltd (TSX: CU-PRG.TO) yielded over 6%, driven by a quarterly dividend of $1.125. Shares traded as low as $18.46 during the day. The stock was reporting a significant 24.88% discount to its liquidation preference at the last close.
The chart below illustrates the one-year performance comparison between CU.PRG shares and the common shares of Canadian Utilities (CU):
Additionally, the dividend history for CU.PRG demonstrates its consistent dividend payments, which is an important factor for investors.
During Friday’s trading session, CU.PRG shares decreased by approximately 1.2%, while the company’s common shares (TSX: CU.TO) showed a slight gain of 0.1%.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.