Canadian Utilities Limited Eligible Dividends
January 09 2014 - 6:24PM
Marketwired
Canadian Utilities Limited Eligible Dividends
CALGARY, ALBERTA--(Marketwired - Jan 9, 2014) - The Board of
Directors of Canadian Utilities Limited, an ATCO Company, today
declared a first quarter dividend of 26.75 cents per Class A
non-voting (TSX:CU) and Class B common share (TSX:CU.X), a 10%
increase over the 24.25 cents paid in each of the four previous
quarters. The dividend is payable March 1, 2014, to shareholders of
record on February 6, 2014.
The Board also declared the
following Cumulative Redeemable Second Preferred Share
dividends:
Shares |
TSX Stock Symbol |
Dividend Per Share ($) |
Record Date (2014) |
Payment Date (2014) |
Series Y 4.00% |
CU.PR.C |
0.25000 |
06-Feb |
01-Mar |
Series AA 4.90% |
CU.PR.D |
0.30625 |
06-Feb |
01-Mar |
Series BB 4.90% |
CU.PR.E |
0.30625 |
06-Feb |
01-Mar |
Series CC 4.50% |
CU.PR.F |
0.28125 |
06-Feb |
01-Mar |
Series DD 4.50% |
CU.PR.G |
0.28125 |
06-Feb |
01-Mar |
These dividends are eligible
dividends within the meaning of the Income Tax Act (Canada).
Canadian Utilities Limited has a Dividend Reinvestment Plan
(DRIP) available to eligible holders of Class A non-voting shares
and Class B common shares. Eligible shareholders may reinvest the
cash dividends paid on their common shares to purchase new Class A
non-voting shares from treasury at a two percent discount to the
volume weighted average price as defined in the DRIP. For more
information visit: www.canadianutilities.com or the CST Trust
Company website at www.canstockta.com.
ATCO Ltd., as controlling shareholder of Canadian Utilities
Limited, intends to participate in the DRIP to maintain its
controlling interest in the company.
Canadian Utilities Limited, an
ATCO company, with more than 7,100 employees and assets of
approximately $15 billion, delivers service excellence and
innovative business solutions worldwide with leading companies
engaged in utilities (pipelines, natural gas and electricity
transmission and distribution), energy (power generation, natural
gas gathering, processing, storage and liquids extraction) and
technologies (business systems solutions).
B.R. (Brian) BaleSenior Vice President & Chief Financial
OfficerCanadian Utilities Limited(403)
292-7502www.canadianutilities.com
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