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

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a decrease 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 currently 0.0 days.

Caribbean Utilities Price Performance

Caribbean Utilities stock remained flat at $13.00 during trading hours on Friday. 4,800 shares of the company’s stock were exchanged, compared to its average volume of 1,467. Caribbean Utilities has a 12-month low of $11.30 and a 12-month high of $15.01. The stock has a fifty day moving average price of $13.73 and a 200 day moving average price of $13.91.

Caribbean Utilities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.74 annualized dividend and a yield of 5.69%. Caribbean Utilities’s payout ratio is 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.