CUC declares dividend

The board of directors of Caribbean Utilities Company has declared a dividend of US$0.175 per class A ordinary share, or an annualized dividend of US$0.70 per share.

The dividend will be payable on Dec. 15, 2018 to shareholders of record on Dec. 1, 2018. CUC provides electricity to Grand Cayman under a non-exclusive Electricity Generation License expiring in 2039 and an exclusive Electricity Transmission and Distribution License expiring in 2028. CUC’s shares are listed on the Toronto Stock Exchange.

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