TSX • Last print 23h ago
$22.65—Stale · 23h old
Canadian Utilities Ltd. Series AA 4.9% Perpetual Preferred Stock is a cumulative redeemable second preferred shares series AA issued by Canadian Utilities Limited, a prominent utilities company. This preferred stock provides holders with fixed cumulative preferential cash dividends at a rate of $1.225 per share per annum, equivalent to a 4.9% yield on its $25.00 par value, payable quarterly on the first day of March, June, September, and December, if declared by the board of directors. Dividends accrue from the original issue date and must be paid before any common share dividends. The shares are redeemable at the company's option, with an initial redemption price of $26.00 per share during the first year post-call date, declining stepwise to $25.00 thereafter, upon 30 to 60 days' notice. Founded in 1927 and headquartered in Calgary, Alberta, Canadian Utilities Limited operates in energy infrastructure, including gas distribution, electricity generation and transmission, and sustainable energy solutions primarily in Canada and Australia. This preferred stock serves as a stable income vehicle within the utilities sector, supporting the company's capital structure by providing perpetual preferred equity with priority claims.