Yields stay high at these converted trusts

ALGONQUIN POWER & UTILITIES CORP. $4.10 (Toronto symbol AQN; Shares outstanding: 93.9 million; Market cap: $385.1 million; SI Rating: Extra Risk; Dividend yield: 5.9%) converted to a dividend-paying corporation in October 2009. Prior to its conversion, it was called Algonquin Power Income Fund.

Algonquin holds interests… Read More

Two ex-trusts hold payouts steady

PEMBINA PIPELINE INCOME FUND $17.86 (Toronto symbol PIF.UN; Units outstanding: 160.0 million; Market cap: $2.9 billion; SI Rating: Extra Risk; Dividend yield: 8.7%) owns nine pipeline systems with a total length of over 8,000 kilometres. This network is the largest feeder operation in Canada. These… Read More

Algonquin conversion a plus

ALGONQUIN POWER & UTILITIES CORP. $3.33 (Toronto symbol AQN; Shares outstanding: 85.7 million; Market cap: $285.2 million; SI Rating: Extra Risk) is the new name of Algonquin Power Income Fund after its conversion to a dividend-paying corporation.

To effect the conversion, TSX-listed Hydrogenics Inc. bought Algonquin,… Read More

EMERA INC. $21 – Toronto symbol EMA

EMERA INC. $21 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 112.4 million; Market cap: $2.4 billion; Price-to-sales ratio: 1.7; SI Rating: Average) has expanded beyond Nova Scotia in the past few years. The company supplies 95% of that province’s electrical power.

For example, Emera… Read More

East-coast utilities broaden their horizons

Fortis and Emera have used the steady cash flow from their power utilities in Atlantic Canada to fund new investments in other businesses. These have helped expand their operations beyond a single region, and enhanced their growth prospects.

FORTIS INC. $25 (Toronto symbol FTS; Conservative Growth… Read More

Utilities are like bonds with growth

With bonds yielding just 2% to 3%, we believe that income-seeking investors are better off sticking with high-quality utility stocks, such as these four electricity generators. All have consistently posted strong earnings, and have long histories of raising their dividends. Unlike bond-interest payments, which are… Read More

EMERA INC. $20 – Toronto symbol EMA

EMERA INC. $20 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 112.3 million; Market cap: $2.2 billion; Price-to-sales ratio: 1.7; SI Rating: Average) generates and distributes electricity to roughly 600,000 customers in Nova Scotia and Bangor, Maine.

Over the past few years, Emera has steadily… Read More

Algonquin finds a partner

ALGONQUIN POWER INCOME FUND $3.14 (Toronto symbol APF.UN; Units outstanding: 77.9 million; Market cap: $244.6 million; SI Rating: Extra Risk) has formed a partnership with Emera Inc. (Toronto symbol EMA). Emera is a recommendation of The Successful Investor, our affiliated publication.

Emera will pay $27.6 million… Read More

Two power trusts for income seekers

ALGONQUIN POWER INCOME FUND $2.39 (Toronto symbol APF.UN; Units outstanding: 77.6 million; Market cap: $185.6 million; SI Rating: Extra Risk) owns or has interests in 41 hydroelectric facilities — 13 in New York State, 12 in Quebec, nine in New England, four in Ontario, one… Read More