Canadian Utilities Dividend
Dividend criteria checks 5/6
Canadian Utilities is a dividend paying company with a current yield of 5.85% 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
5.8%
Dividend yield
77%
Payout ratio
Industry average yield | 3.9% |
Next dividend pay date | 01 Jun 24 |
Ex dividend date | 01 May 24 |
Dividend per share | n/a |
Earnings per share | US$2.32 |
Dividend yield forecast in 3Y | 6.0% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CDUA.F's dividends per share have been stable in the past 10 years.
Growing Dividend: CDUA.F's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Canadian Utilities Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (CDUA.F) | 5.8% |
Market Bottom 25% (US) | 1.5% |
Market Top 25% (US) | 4.7% |
Industry Average (Integrated Utilities) | 3.9% |
Analyst forecast in 3 Years (CDUA.F) | 6.0% |
Notable Dividend: CDUA.F's dividend (5.85%) is higher than the bottom 25% of dividend payers in the US market (1.55%).
High Dividend: CDUA.F's dividend (5.85%) is in the top 25% of dividend payers in the US market (4.78%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (76.9%), CDUA.F's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (111.5%), CDUA.F's dividend payments are not well covered by cash flows.