Canadian Utilities Dividends and Buybacks
Dividend criteria checks 3/6
Canadian Utilities is a dividend paying company with a current yield of 5.04%. Next payment date is on 1st December, 2024 with an ex-dividend date of 7th November, 2024.
Key information
5.0%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 5.0% |
| Future Dividend Yield | 5.1% |
| Dividend Growth | 5.7% |
| Next dividend pay date | 01 Dec 24 |
| Ex dividend date | 07 Nov 24 |
| Dividend per share | CA$1.812 |
| Payout ratio | 116% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CU.PRJ's dividends per share have been stable in the past 10 years.
Growing Dividend: CU.PRJ's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Canadian Utilities Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CU.PRJ) | 5.0% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Integrated Utilities) | 3.3% |
| Analyst forecast (CU.PRJ) (up to 3 years) | 5.1% |
Notable Dividend: CU.PRJ's dividend (5.04%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: CU.PRJ's dividend (5.04%) is low compared to the top 25% of dividend payers in the Canadian market (6.11%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (115.6%), CU.PRJ's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (114.2%), CU.PRJ's dividend payments are not well covered by cash flows.