Le Lézard
Classified in: Business
Subject: DIV

CUC Announces Declaration of Dividend on Class A Ordinary Shares


CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE.

GRAND CAYMAN, Cayman Islands, Aug. 4, 2020 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U) ("CUC" or "the Company") announced today that the Board of Directors has declared a dividend of US$0.175 per Class A Ordinary Share, or an annualized dividend of US$0.70 per share. The dividend will be payable on September 15, 2020 to shareholders of record on September 1, 2020.

CUC provides electricity to Grand Cayman, Cayman Islands, under a non-exclusive Electricity Generation Licence expiring in 2039 and an exclusive Electricity Transmission and Distribution Licence expiring in 2028.  Further information is available at www.cuc-cayman.com.

Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion, includes forward-looking statements in its media releases, Canadian securities regulatory authorities filings, shareholder reports and other communications. Forward-looking statements include statements that are predictive in nature, depend upon future events or conditions, or include words such as "expects", "anticipates", "plan", "believes", "estimates", "intends", "targets", "projects", "forecasts", "schedule", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could".  Forward-looking statements are based on underlying assumptions and management's beliefs, estimates and opinions, and are subject to certain risks and uncertainties surrounding future expectations generally that may cause actual results to vary from plans, targets and estimates. Such risks and uncertainties include but are not limited to operational, general economic, market and business conditions, regulatory developments and weather conditions. CUC cautions readers that actual results may vary significantly from those expected should certain risks or uncertainties materialize or should underlying assumptions prove incorrect.  Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future.  Readers are cautioned that such information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

SOURCE Caribbean Utilities Company, Ltd.


These press releases may also interest you

at 11:51
The Chicago Bears and PointsBet, a premier global sportsbook operator, today announced a partnership designating PointsBet as the club's first sports betting sponsor. Through the partnership, PointsBet will gain full usage of Chicago Bears IP, marks...

at 11:50
Packaging Corporation of America will hold a conference call on Tuesday, October 27, 2020 at 9:00 a.m. Eastern Time to discuss third quarter 2020 results. Third quarter earnings results will be released after the market closes on Monday, October 26,...

at 11:49
Einvestment's fund has allocated ?22M to the AI and Robotics sector. The Sustainable Growth portfolio that includes the investment has increased significantly over the last two years. Since its inception, the return has already exceeded 100%....

at 11:49
SS&C Technologies Holdings, Inc. , a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Bill Stone, Chairman and Chief Executive Officer, will present at Morningstar's...

at 11:45
SS&C Technologies Holdings, Inc. today announced that Oklahoma's American Fidelity Assurance Company will migrate its insurance investment accounting to SS&C Singularity. American Fidelity is the seventh client in three months to adopt SS&C's...

at 11:43
Driven by a desire for more space, affordable homes, and a new-found freedom to work remotely, a deurbanization trend has emerged among homebuyers, according to new data released today by realtor.com®. While housing markets in both suburban and urban...



News published on 4 august 2020 at 18:39 and distributed by: