Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Update

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 100 shares, a drop of 50.0% from the January 31st total of 200 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 0.0 days.

Caribbean Utilities Stock Performance

Shares of CUPUF stock remained flat at $13.00 on Friday. 4,800 shares of the company were exchanged, compared to its average volume of 1,467. The stock’s 50-day simple moving average is $13.73 and its two-hundred day simple moving average is $13.91. Caribbean Utilities has a 1 year low of $11.30 and a 1 year high of $15.01.

Caribbean Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.185 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.74 dividend on an annualized basis and a yield of 5.69%. Caribbean Utilities’s dividend payout ratio is presently 94.75%.

Caribbean Utilities Company Profile

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.