CANADIAN UTILITIES LTD., Toronto symbols CU [class A non-voting] $33.34 and CU.X [class B voting] $33.16, distributes electricity and natural gas in Alberta and Australia. It also holds all or part of 19 power plants—15 in Canada, 2 in Australia and 2 in Mexico. ATCO… Read More
PEMBINA PIPELINE CORP., $43.91, Toronto symbol PPL, owns pipelines that carry almost all of B.C.’s oil and half of Alberta’s conventional oil. Its network also transports 30% of Western Canada’s natural gas liquids (NGLs). In addition, the company owns extensive facilities to extract, process and… Read More
CENOVUS ENERGY INC., $10.16, Toronto symbol CVE, acquired 100% of its main oil sands properties in Alberta—Christina Lake and Foster Creek—in May 2017. It did that through its purchase of the 50% stake held by its partner in the project, ConocoPhillips (New York symbol COP),… Read More
Rising interest rates generally reduce the appeal of income stocks, including utilities. However, recent acquisitions by these four industry leaders—and their new projects—set them up for years of higher dividends.
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $31 and CU.X [class B voting] $31; Income Portfolio, Utilities sector;… Read More
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $31 and CU.X [class B voting] $31; Income-Growth Portfolio, Utilities sector; Shares outstanding: 272.1 million; Market cap: $8.4 billion; Dividend yield: 5.1%; Dividend Sustainability Rating: Highest; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia. It also holds… Read More
ATCO LTD., Toronto symbols ACO.X [class I non-voting] $38.00 and ACO.Y [class II voting] $37.98, gets most of its earnings from its 52.4% stake in Canadian Utilities Ltd. (Toronto symbols CU [class A non-voting] and CU.X [class B voting]). That firm distributes electricity and natural… Read More
LOBLAW COMPANIES LTD., $66.45, Toronto symbol L, operates 1,083 supermarkets across Canada. It also owns the Shoppers Drug Mart chain of 1,335 drugstores.
The company recently lost its court case with the Canada Revenue Agency (CRA) over taxes owed by its Glenhuron Bank Ltd., a banking… Read More
Higher interest rates have recently helped to keep this utility’s share price down. That’s largely because this high-yielding stock competes with fixed-income investments for investor interest.
However, increased economic activity often accompanies higher rates and that usually helps utilities. Plus this company recently acquired full control… Read More