Caribbean Utilities Company Dividend
Dividend criteria checks 2/6
Caribbean Utilities Company is a dividend paying company with a current yield of 5.14% that is well covered by earnings. Next payment date is on 15th June, 2024 with an ex-dividend date of 31st May, 2024.
Key information
5.1%
Dividend yield
71%
Payout ratio
| Industry average yield | 3.3% |
| Next dividend pay date | 15 Jun 24 |
| Ex dividend date | 31 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$1.01 |
| Dividend yield forecast in 3Y | 5.2% |
Recent dividend updates
Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Feb 09
Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Nov 11Recent updates
Statutory Profit Doesn't Reflect How Good Caribbean Utilities Company's (TSE:CUP.U) Earnings Are
Feb 16Need To Know: One Analyst Is Much More Bullish On Caribbean Utilities Company, Ltd. (TSE:CUP.U) Revenues
Feb 15Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Feb 09Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Nov 11Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.18
Aug 29Caribbean Utilities Company (TSE:CUP.U) Has Announced That It Will Be Increasing Its Dividend To $0.18
May 15Caribbean Utilities Company (TSE:CUP.U) Has Affirmed Its Dividend Of $0.175
Feb 18Broker Revenue Forecasts For Caribbean Utilities Company, Ltd. (TSE:CUP.U) Are Surging Higher
Nov 04Caribbean Utilities Company (TSE:CUP.U) Is Due To Pay A Dividend Of $0.175
Aug 14We Like Caribbean Utilities Company's (TSE:CUP.U) Earnings For More Than Just Statutory Profit
Aug 10Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, CUP.U has been paying a dividend for less than 10 years.
Growing Dividend: CUP.U's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Caribbean Utilities Company Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CUP.U) | 5.1% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.3% |
| Industry Average (Electric Utilities) | 3.3% |
| Analyst forecast in 3 Years (CUP.U) | 5.2% |
Notable Dividend: CUP.U's dividend (5.14%) is higher than the bottom 25% of dividend payers in the Canadian market (1.85%).
High Dividend: CUP.U's dividend (5.14%) is low compared to the top 25% of dividend payers in the Canadian market (6.4%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.6%), CUP.U's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: CUP.U is paying a dividend but the company has no free cash flows.