Caribbean Utilities (OTCMKTS:CUPUF) Shares Pass Above Fifty Day Moving Average of $11.16

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUFGet Free Report)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.16 and traded as high as $11.69. Caribbean Utilities shares last traded at $11.60, with a volume of 2,801 shares changing hands.

Caribbean Utilities Stock Performance

The business has a 50-day simple moving average of $11.19 and a two-hundred day simple moving average of $11.59.

Caribbean Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Thursday, February 29th. Caribbean Utilities’s dividend payout ratio is presently 94.75%.

Caribbean Utilities Company Profile

(Get Free Report)

Caribbean Utilities Company, Ltd. engages in the generation, transmission, and distribution of electricity in Grand Cayman. The company generates electricity using diesel with 166 megawatts total installed capacity. It also operates nine transformer substations with approximately 436 miles of land-based high voltage transmission and distribution lines and 15 miles of high-voltage submarine cables.

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