Canadian Utilities Dividend
Dividend criteria checks 4/6
Canadian Utilities is a dividend paying company with a current yield of 6.01% that is well covered by earnings. Next payment date is on 1st June, 2024 with an ex-dividend date of 1st May, 2024.
Key information
6.0%
Dividend yield
77%
Payout ratio
| Industry average yield | 4.1% |
| Next dividend pay date | 01 Jun 24 |
| Ex dividend date | 01 May 24 |
| Dividend per share | n/a |
| Earnings per share | CA$2.32 |
| Dividend yield forecast in 3Y | 6.1% |
Recent dividend updates
Canadian Utilities (TSE:CU) Has Affirmed Its Dividend Of CA$0.4531
Apr 22
Canadian Utilities' (TSE:CU) Upcoming Dividend Will Be Larger Than Last Year's
Jan 19Recent updates
Canadian Utilities (TSE:CU) Has Affirmed Its Dividend Of CA$0.4531
Apr 22Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Apr 02Canadian Utilities (TSE:CU) Has Some Way To Go To Become A Multi-Bagger
Mar 04Canadian Utilities' (TSE:CU) Upcoming Dividend Will Be Larger Than Last Year's
Jan 19Unpleasant Surprises Could Be In Store For Canadian Utilities Limited's (TSE:CU) Shares
Jan 04Returns On Capital At Canadian Utilities (TSE:CU) Have Hit The Brakes
Nov 27These 4 Measures Indicate That Canadian Utilities (TSE:CU) Is Using Debt Extensively
Oct 23Canadian Utilities (TSE:CU) Is Paying Out A Dividend Of CA$0.4486
Oct 06Canadian Utilities' (TSE:CU) Dividend Will Be CA$0.4486
Aug 01Canadian Utilities' (TSE:CU) Dividend Will Be CA$0.4486
Jul 18Here's Why Canadian Utilities (TSE:CU) Has A Meaningful Debt Burden
Jun 20Canadian Utilities (TSE:CU) Is Increasing Its Dividend To CA$0.4486
Apr 20Return Trends At Canadian Utilities (TSE:CU) Aren't Appealing
Apr 07We Think Canadian Utilities (TSE:CU) Is Taking Some Risk With Its Debt
Mar 22Canadian Utilities Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 05Canadian Utilities (TSE:CU) Is Increasing Its Dividend To CA$0.4486
Jan 20The Returns At Canadian Utilities (TSE:CU) Aren't Growing
Dec 23Canadian Utilities (TSE:CU) Is Due To Pay A Dividend Of CA$0.4442
Oct 20Here's Why Canadian Utilities (TSE:CU) Has A Meaningful Debt Burden
Sep 11Canadian Utilities (TSE:CU) Is Paying Out A Dividend Of CA$0.4442
Jul 21Canadian Utilities (TSE:CU) Could Be Struggling To Allocate Capital
May 27New Forecasts: Here's What Analysts Think The Future Holds For Canadian Utilities Limited (TSE:CU)
May 06Canadian Utilities (TSE:CU) Will Pay A Dividend Of CA$0.44
Apr 21Is Canadian Utilities (TSE:CU) Using Too Much Debt?
Apr 04Canadian Utilities (TSE:CU) Has Announced A Dividend Of CA$0.44
Jan 21Canadian Utilities (TSE:CU) Could Be Struggling To Allocate Capital
Jan 01Canadian Utilities (TSE:CU) Will Be Hoping To Turn Its Returns On Capital Around
Sep 30Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CU's dividends per share have been stable in the past 10 years.
Growing Dividend: CU'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) | 6.0% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.5% |
| Industry Average (Integrated Utilities) | 4.1% |
| Analyst forecast in 3 Years (CU) | 6.1% |
Notable Dividend: CU's dividend (6.01%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: CU's dividend (6.01%) is low compared to the top 25% of dividend payers in the Canadian market (6.49%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (76.9%), CU's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (111.5%), CU's dividend payments are not well covered by cash flows.