Caribbean Utilities Co. (CUP) to Issue $0.17 Quarterly Dividend

Caribbean Utilities Co. (TSE:CUP) declared a quarterly dividend on Friday, August 4th, Zacks reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.17 per share on Friday, September 15th. This represents a $0.68 annualized dividend and a yield of Infinity. The ex-dividend date is Wednesday, August 30th.

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Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. is engaged in generating, transmitting and distributing electricity in its license area of Grand Cayman, Cayman Islands. The Company uses diesel generation to produce electricity for Grand Cayman. Its power system consists of 20 generating units, including 17 diesel engines, two gas turbines and one steam turbine with a combined capacity of approximately 160 megawatts (MW).