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, Aug. 5,
2016 /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$0.17 per Class A Ordinary Share, or an annualized dividend of
US$0.68 per share. The dividend will be payable September 15, 2016 to
shareholders of record September 2, 2016.
CUC provides electricity to Grand Cayman, Cayman Islands,
under a non-exclusive Electricity Generation Licence expiring in 2039 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.