Canadian Utilities Ltd. Series AA 4.9% Perpetual Preferred Stock

Canadian Utilities Ltd. Series AA 4.9% Perpetual Preferred Stock is a type of fixed-income security issued by Canadian Utilities Limited, a member of the ATCO group of companies. This security offers a fixed dividend yield of 4.9%, which is designed to provide investors with steady income. As a perpetual preferred stock, it does not have a maturity date, meaning it can potentially pay dividends indefinitely. This asset plays a critical role in the utility industry by helping the company raise capital without increasing debt. Preferred stockholders generally do not have voting rights, but they do have priority over common stockholders in receiving dividends and during asset liquidation in the event of bankruptcy. The perpetual nature of these shares makes them particularly significant for income-focused investors in the utility sector, providing a dependable and predictable income stream in a typically stable industry.