Caribbean Utilities Company Ltd (CUP) Plans Quarterly Dividend of $0.22

Caribbean Utilities Company Ltd (TSE:CUP) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors of record on Friday, December 1st will be given a dividend of 0.219 per share on Friday, December 15th. This represents a $0.88 annualized dividend and a yield of 6.49%. The ex-dividend date is Thursday, November 30th. This is a boost from Caribbean Utilities’s previous quarterly dividend of $0.17.

Shares of Caribbean Utilities (CUP) traded down C$0.25 during mid-day trading on Friday, reaching C$13.50. The company had a trading volume of 2,700 shares. Caribbean Utilities has a twelve month low of C$13.50 and a twelve month high of C$13.50.

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About Caribbean Utilities

Caribbean Utilities Company, Ltd. is engaged in generating, transmitting and distributing electricity in its license area of Grand Cayman, Cayman Islands. The Company uses diesel generation to produce electricity for Grand Cayman. Its power system consists of 20 generating units, including 17 diesel engines, two gas turbines and one steam turbine with a combined capacity of approximately 160 megawatts (MW).

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