Canadian Utilities Limited

Canadian Utilities Limited

January 18, 2007 15:59 ET

Canadian Utilities Limited Declares Quarterly Dividend

CALGARY, ALBERTA--(CCNMatthews - Jan. 18, 2007) - The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter dividend of 30.5 cents per Class A non-voting and Class B common share, a 5.2% increase over the 29.0 cents paid in the previous quarter. The dividend is payable March 1, 2007, to shareholders of record on February 7, 2007.

The Board also declared the following Cumulative Redeemable Second Preferred Share Dividends:

TSX Stock Dividend Per Record Date Payment Date
Shares Symbol Share ($) (2007) (2007)
Series Q 5.90% CU.PR.T 0.368750 07-Feb 01-Mar
Series R 5.30% CU.PR.V 0.331250 07-Feb 01-Mar
Series S 6.60% CU.PR.D 0.412500 07-Feb 01-Mar
Series W 5.80% CU.PR.A 0.362500 07-Feb 01-Mar
Series X 6.00% CU.PR.B 0.375000 07-Feb 01-Mar

Canadian Utilities Limited is a Canadian based worldwide organization of companies with assets of approximately $6.7 billion and more than 6,000 employees, actively engaged in three main business divisions: Power Generation; Utilities (natural gas and electricity transmission and distribution) and Global Enterprises, with companies active in technology, logistics and energy services. More information about Canadian Utilities Limited can be found on its website

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.

The forward-looking statements contained in this news release represent the Corporations' expectations as of the date hereof, and are subject to change after such date. The Corporation 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 under applicable securities regulations.

Contact Information

  • Canadian Utilities Limited
    K.M. Watson
    Senior Vice President & Chief Financial Officer
    (403) 292-7502