Caribbean Utilities (OTCMKTS:CUPUF) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.95 and traded as low as $13.32. Caribbean Utilities shares last traded at $13.32, with a volume of 500 shares traded.

Caribbean Utilities Trading Up 0.2 %

The stock’s 50-day moving average price is $13.85 and its 200 day moving average price is $13.95.

Caribbean Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, February 28th. 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.