Get a 10.8% yield from Algonquin Power & Utilities

Get a 10.8% yield from Algonquin Power & Utilities

New projects, higher power rates, and a recent acquisition contributed to a huge 26.1% revenue gain for this company during the most-recent quarter.

High borrowing costs could force a dividend cut, but the firm has several options available.

ALGONQUIN POWER & UTILITIES (Toronto symbol AQN; www.algonquinpower.com) is… Read More

Algonquin will bounce back

ALGONQUIN POWER & UTILITIES, $10.16, is a buy. The utility (Toronto symbol AQN; Shares o/s: 677.8 million; Market cap: $6.7 billion; TSINetwork Rating: Extra Risk; Yield: 9.5%; www.algonquinpower.com) is down 33% since the company reported lower-than-expected earnings for the third quarter of 2022. Per-share earnings declined 26.7%, to $0.11… Read More

These safety-conscious stocks remain buys

CENOVUS ENERGY, $28.17, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.9 billion; Market cap: $53.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.5%; www.cenovus.com) is now one of Canada’s top-tier producer of oil and natural gas following its all-stock acquisition of rival oil… Read More

Algonquin is a top buy

ALGONQUIN POWER & UTILITIES, $18.04, is a buy. The utility (Toronto symbol AQN; Shares o/s: 675.6 million; Market cap: $12.4 billion; TSINetwork Rating: Extra Risk; Yield: 4.8%; www.algonquinpower.com) tends to fuel its growth with acquisitions. It cuts the risk of that strategy by focusing on rate-regulated utilities.
The company’s latest purchase… Read More

AQN hikes your income

ALGONQUIN POWER & UTILITIES, $18.09, is a buy. The utility (Toronto symbol AQN; Shares outstanding: 675.5 million; Market cap: $12.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.algonquinpower.com) owns regulated utility systems in the U.S., Canada, Bermuda and Chile. It also operates hydroelectric, wind, solar, and thermal facilities… Read More