In This Article:
Increases Common Share Dividend for the 53rd consecutive year
CALGARY, AB, Jan. 9, 2025 /CNW/ - Canadian Utilities Limited (TSX: CU)
The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter dividend of 45.77 cents per Class A non-voting (TSX: CU) and Class B common share, a one percent increase over the 45.31 cents paid in each of the four previous quarters. This common share dividend is payable March 1, 2025, to shareholders of record on February 6, 2025.
The Board of Directors of Canadian Utilities Limited also declared the following Cumulative Redeemable Second Preferred Share Dividends:
| Shares | TSX Stock Symbol | Dividend Per Share ($) | Record Date (2025) | Payment Date (2025) |
| Series Y 5.196% | CU.PR.C | 0.32475 | 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 |
| Series EE 5.25% | CU.PR.H | 0.328125 | 06-Feb | 01-Mar |
| Series FF 4.50% | CU.PR.I | 0.28125 | 06-Feb | 01-Mar |
| Series HH 4.75% | CU.PR.J | 0.296875 | 06-Feb | 01-Mar |
These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).
Canadian Utilities Limited and its subsidiary and affiliate companies have approximately 9,000 employees and assets of $23 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international operations segments. ATCO EnPower creates sustainable energy solutions in the areas of renewables, energy storage, industrial water and alternative fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. More information can be found at www.canadianutilities.com.
Investor & Analyst Inquiries:
Colin Jackson
Senior Vice President, Financial Operations
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt Kadatz
Director, Corporate Communications
Media@atco.com
587 228 4571
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. In particular, forward-looking information in this news release includes references to the payment of dividends.