Canadian Utilities dividend calculator – Canadian Utilities Ltd Announces 0.4486 Cash Dividend
June 1, 2023
🌥️Dividends Yield
On May 26 2023, Canadian Utilities ($TSX:CU) Ltd announced a 0.4486 cash dividend. This is part of the company’s commitment to providing shareholders with a steady dividend income. The company has issued a dividend per share of 1.78 CAD for the past three years, with yields from 2021 to 2023 of 4.71%, 4.76%, and 5.17%, respectively. The average dividend yield is 4.88%.
If you are searching for a dividend stock, CANADIAN UTILITIES could be a viable option; the ex-dividend date is set for May 3, 2023. This means that if you purchase the stock before May 3, you will be eligible to receive the dividend when it is paid out. CANADIAN UTILITIES provides a reliable source of income and has demonstrated its commitment to providing dividends to its shareholders.
Share Price
The stock opened the day at CA$36.2 and closed at CA$36.3, representing a 0.2% increase from the previous day’s closing price of CA$36.2. This dividend comes as a welcome announcement to investors, as it represents a return on their investments. It also reflects the company’s commitment to rewarding shareholders through a steady stream of dividends. Going forward, investors are hopeful that CANADIAN UTILITIES Ltd will continue to pay out dividends in order to further enhance shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canadian Utilities. More…
| Total Revenues | Net Income | Net Margin |
| 4.07k | 621 | 17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian Utilities. More…
| Operations | Investing | Financing |
| 2.04k | -2.21k | -102 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canadian Utilities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.89k | 15.72k | 25.76 |
Key Ratios Snapshot
Some of the financial key ratios for Canadian Utilities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | 0.7% | 32.7% |
| FCF Margin | ROE | ROA |
| 15.6% | 12.0% | 3.6% |
Analysis
At GoodWhale, we conducted an analysis of CANADIAN UTILITIES‘ wellbeing. After an extensive review, we determined that CANADIAN UTILITIES is a medium risk investment in terms of financial and business aspects. Our Risk Rating system takes into account various factors such as income sheet, balance sheet and more. We have identified two risk warnings in the income sheet and balance sheet. If you would like to gain more insight into our findings, please register with us to check it out! More…
Peers
It is one of the largest investor-owned utilities in Canada. The company’s competitors include Just Energy Group Inc, OGE Energy Corp, Iren SpA.
– Just Energy Group Inc ($TSXV:JE)
DOGE Energy Corp is a publicly traded company with a market capitalization of 7 billion as of 2022. The company’s return on equity is 18.7%. DOGE Energy Corp is engaged in the exploration, production and marketing of natural gas and oil. The company has operations in the United States, Canada and Trinidad and Tobago.
– OGE Energy Corp ($NYSE:OGE)
Iren SpA is an Italian holding company engaged in the production and sale of electricity and gas. The Company operates through four segments: Networks, which includes electricity and gas networks; Customers, which includes customers; Plants, which includes production plants; and Other, which includes all other activities. As of December 31, 2011, Iren SpA had a total installed capacity of 3,114 megawatts. The Company had a customer base of over 6.6 million customers in Italy, France and Spain.
Summary
CANADIAN UTILITIES has proven to be a reliable investment option in recent years due to its consistent dividend payouts. Over the last three years the company has paid shareholders a dividend of 1.78 CAD per share, with yields of 4.71%, 4.76%, and 5.17%. This has resulted in an average yield of 4.88%, which is a respectable rate of return for investors.
The company’s reliable dividend payouts and reasonable yields make it a solid choice for those looking for an income-producing investment. Furthermore, its consistent performance over the past three years makes CANADIAN UTILITIES an attractive option for investors looking to diversify their portfolio with a stable, income-producing stock.
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