Canadian Utilities Limited Eligible Dividends

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CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) --

The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter dividend of 42.27 cents per Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a 7.5% increase over the 39.33 cents paid in each of the four previous quarters.  This common share dividend is payable March 1, 2019, to shareholders of record on February 7, 2019.

The Board also declared the following Cumulative Redeemable Second Preferred Share Dividends:

These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).

In addition to the above, the Board of Directors of Canadian Utilities Limited today also announced that the company’s Dividend Reinvestment Program will be suspended, effective January 10, 2019.

D.A. (Dennis) DeChamplainSenior Vice President & Chief Financial Officer403-292-7502

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Globe Newswire: 00:45 GMT Friday 11th January 2019

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