Market dataIncome framework read
Dividend CompanyTSXCanada

CU.TO

Canadian Utilities

UtilitiesPlain dividendQuarterly

Market Snapshot

$52.57

+$0.27 (51.63%)

Toronto

Yield

3.52%

Rate $1.84

Next Payment

Payment date passed

Ex-date 2026-05-07

52wk Position

99.87%

-0.04% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

CU.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

CU.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.88.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

CU.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$46.00
APR
0.875
Coverage
0.875

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$46.00
Cushion
-$6.57
Cushion %
-12.50%
Current $52.57Break $46.00

Smart Recommendation

CU.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Growing

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

Canadian Utilities (CU) is an ATCO subsidiary that owns electricity transmission and distribution and natural gas distribution operations primarily in Alberta and northern Canada. CU has increased its dividend for over 50 consecutive years, placing it among Canada's longest-running dividend growth streaks alongside Fortis.

Canadian Planning Notes

  • 1CU's 50+ year dividend growth record makes it one of Canada's true 'dividend kings'; compare its yield and growth rate against FTS before choosing between the two.
  • 2Eligible dividends qualify for the tax credit; DRIP is available.
  • 3CU's regulated Alberta utility operations are tied to provincial rate-base approvals; review the AUC (Alberta Utilities Commission) rate-case timelines when assessing future earnings capacity.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$52.57

Previous close

$52.30

Day range

$51.82 - $52.59

52wk range

$37.13 - $52.59

Market cap

14.3B

Volume

121.2K

Avg volume

595.6K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.84

Trailing rate

$1.84

Forward yield

3.52%

Trailing yield

3.51%

Per payment

$0.46

Cadence

Quarterly

Next ex-date

May 7, 2026

Next pay

Jun 1, 2026

Last dividend

$0.46

Last dividend date

May 7, 2026

Performance

Daily change

$0.27

Daily change %

51.63%

52wk position

99.87%

Below 52wk high

-0.04%

Above 52wk low

41.58%

Open

$51.84

Earnings and financials

Trailing EPS

0.1

Forward EPS

2.72

Revenue

3.7B

Revenue growth

-0.10%

Profit margin

2.90%

Operating margin

36.26%

Payout ratio

N/A

Free cash flow

-557.4M

Total cash

609M

ROE

1.69%

ROA

2.85%

Debt/equity

180.15

Beta

0.59

Valuation

Trailing P/E

525.7

Forward P/E

19.31

Price/sales

3.88

Price/book

2.86

Enterprise value

27.5B

EV/EBITDA

15.43

Analyst facts

Target mean

$50.71

Target high

$55.00

Target low

$48.00

Recommendation mean

N/A

Recommendation key

none

Analysts

7

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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Use a planning tool that matches this holding's structure, payout timing, and income use case.

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Compare With Peers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.