Business
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES INCREASE IN DIVIDEND ON CLASS A ORDINARY SHARES
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES INCREASE IN DIVIDEND ON CLASS A ORDINARY SHARES ...
About this update from Caribbean Utilities Co. Ltd. Class A
[{"type":"text","content":"\n\n\n\n CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES INCREASE IN DIVIDEND ON CLASS A ORDINARY SHARES\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n CARIBBEAN\n \n UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN\n \n UNITED STATES\n \n FUNDS ON THE\n \n TORONTO\n \n\n STOCK\n \n EXCHANGE.\n \n\n\n\n GRAND CAYMAN\n \n ,\n \n Cayman Islands\n \n\n ,\n \n\n May 12, 2025\n \n\n /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) (\"CUC\" or \"the Company\") announced today that the Board of Directors has declared an increase in the regular quarterly dividend from\n \n US$0\n \n .185  to\n \n US$0.19\n \n per Class A Ordinary Share. This represents a 3% increase to\n \n US$0.76\n \n per share on an annualized basis. The dividend will be payable\n \n June 16, 2025\n \n to shareholders of record\n \n June 2, 2025\n \n .\n \n\n The principal activity of the Company is to generate, transmit and distribute electricity in its licence area of\n \n Grand Cayman\n \n ,\n \n Cayman Islands\n \n pursuant to a 20-year Transmission & Distribution (\"T&D\") Licence and a 25-year non-exclusive Generation Licence (the \"Generation Licence\" and together with the T&D licence, the \"Licences\") granted by the Cayman Islands Government (the \"Government\", \"CIG\"). The T&D Licence, which expires in\n \n April 2028\n \n , contains provisions for an automatic 20-year renewal and the Company has reasonable expectation of renewal until\n \n April 2048\n \n . The Generation Licence expires in November 2039.  Further information is available at\n \n www.cuc-cayman.com\n \n .\n \n\n\n 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\", \"est...