Canadian Utilities

In trading on Tuesday, shares of Canadian Utilities Ltd’s Cumulative Redeemable Second Preferred Shares Series Y (TSX: CU-PRC.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.299), with shares changing hands as low as $23.35 on the day. As of last close, CU.PRC was trading at a 5.20% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of CU.PRC shares, versus CU:

Below is a dividend history chart for CU.PRC, showing historical dividend payments on Canadian Utilities Ltd’s Cumulative Redeemable Second Preferred Shares Series Y:

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Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Canadian Utilities Ltd's Cumulative Redeemable Second Preferred Shares Series Y (TSX: CU-PRC.TO) is currently up about 1.5% on the day, while the common shares (TSX: CU.TO) are up about 0.8%.

Also see:

• SPNV YTD Return
• Funds Holding ELVA
• RTL Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.