CUC announces declaration of dividend on Class A Ordinary Shares
November 08 2011 - 6:21AM
PR Newswire (Canada)
Caribbean Utilities Company, Ltd. is listed for trading in United
States dollars on the Toronto Stock Exchange (Trading symbol
"CUP.U".) GRAND CAYMAN, Cayman Islands, Nov. 8, 2011 /CNW/ -
Caribbean Utilities Company, Ltd. ("CUC") announced today that the
Board of Directors has declared a dividend of US$0.165 per Class A
Ordinary Share, or an annualized dividend of US$0.66 per share. The
dividend will be payable December 15, 2011 to shareholders of
record November 25, 2011. CUC provides electricity to Grand Cayman,
Cayman Islands, under a non-exclusive Electricity Generation
Licence expiring in 2029 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. Caribbean
Utilities Company, Ltd. CONTACT: Letitia LawrenceVice-President of
Finance & C.F.O.Phone: (345) 949-5200Fax: (345) 949-4621
Copyright
Caribbean Utilities (TSX:CUP.U)
Historical Stock Chart
From Jun 2024 to Jul 2024
Caribbean Utilities (TSX:CUP.U)
Historical Stock Chart
From Jul 2023 to Jul 2024