CALGARY, ALBERTA, Jan. 13, 2011 (Marketwire) --
The Board of Directors of CU Inc. has declared the following quarterly dividends:
TSX Stock Dividend Per Record Date Payment Date
Shares Symbol Share ($) (2011) (2011)
Series 1 4.60% CIU.PR.A 0.28750 07-Feb 01-Mar
Series 2 6.70% CIU.PR.B 0.41875 07-Feb 01-Mar
Series 4 3.80% CIU.PR.C 0.23164 07-Feb 01-Mar
These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).
CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the ATCO Group of Companies. An Alberta-based corporation with assets of approximately $7 billion and more than 4,200 employees, CU Inc. is comprised of rate regulated utility operations in pipelines, natural gas and electricity transmission and distribution. More information about CU Inc. can be found on the Canadian Utilities Limited website at www.canadian-utilities.com.
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Corporation believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Corporation's expectations as of the date hereof, and is subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
Senior Vice President & Chief Financial Officer