Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Down 33.3% in November

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 400 shares, a decline of 33.3% from the October 31st total of 600 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.2 days.

Caribbean Utilities Stock Performance

Shares of Caribbean Utilities stock remained flat at $13.61 during midday trading on Friday. The stock has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $13.94. Caribbean Utilities has a 1-year low of $10.65 and a 1-year high of $14.73.

Caribbean Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Friday, November 29th. Caribbean Utilities’s dividend payout ratio is currently 94.75%.

About Caribbean Utilities

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.