CARIBBEAN UTILITIES COMPANY,
LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK
EXCHANGE.
GRAND CAYMAN, Cayman Islands, May 18,
2012 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U)
("CUC" or "the Company") announced today that the Board of
Directors has declared a dividend of US$0.165 per Class A Ordinary Share, or an
annualized dividend of US$0.66 per
share. The dividend will be payable June 15,
2012 to shareholders of record June
4, 2012.
CUC provides electricity to Grand Cayman, Cayman
Islands, under a non-exclusive Electricity Generation
Licence expiring in 2029 and an exclusive Electricity Transmission
and Distribution Licence expiring in 2028. Further
information is available at www.cuc-cayman.com.
Caribbean Utilities Company, Ltd. ("CUC" or
"the Company"), on occasion, includes forward-looking statements in
its media releases, Canadian securities regulatory authorities
filings, shareholder reports and other communications.
Forward-looking statements include statements that are predictive
in nature, depend upon future events or conditions, or include
words such as "expects", "anticipates", "plan", "believes",
"estimates", "intends", "targets", "projects", "forecasts",
"schedule", or negative versions thereof and other similar
expressions, or future or conditional verbs such as "may", "will",
"should", "would" and "could". Forward-looking statements are
based on underlying assumptions and management's beliefs, estimates
and opinions, and are subject to certain risks and uncertainties
surrounding future expectations generally that may cause actual
results to vary from plans, targets and estimates. Such risks and
uncertainties include but are not limited to operational, general
economic, market and business conditions, regulatory developments
and weather conditions. CUC cautions readers that actual results
may vary significantly from those expected should certain risks or
uncertainties materialize or should underlying assumptions prove
incorrect. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise except as
required by law.
SOURCE Caribbean Utilities Company, Ltd.