Contract spurs ATCO’s earnings

ATCO LTD. (Toronto symbols ACO.X [class I non-voting] $45 and ACO.Y [class II voting] $45; Income Portfolio, Utilities sector; Shares o/s: 114.7 million; Market cap: $5.2 billion; Price-to sales ratio: 1.1; Dividend yield: 3.6%; TSINetwork Rating: Above Average; www.atco.com), through its Structures division, recently formed a joint venture with… Read More

Both this parent and subsidiary are buys

CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $37 and CU.X [class B voting] $37; Income Portfolio, Utilities sector; Shares outstanding: 273.1 million; Market cap: $10.1 billion; Price-to-sales ratio: 2.4; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia. It also… Read More

Updating Saputo Inc., Canadian Tire Corp. and Atco Ltd.

SAPUTO INC. $46 (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 390.2 million; Market cap: $17.9 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.4%; TSINetwork Rating: Average; www.saputo.com) is Canada’s largest producer of dairy products. It also operates dairies in the U.S., Australia and Argentina.
The company… Read More

Parent and subsidiary are both top payers

CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $37 and CU.X [class B voting] $37; Income-Growth Portfolio, Utilities sector; Shares outstanding: 272.1 million; Market cap: $10.1 billion; Divd. yield: 4.6%; Dividend Sustainability Rating: Highest; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia… Read More

Green power projects fuel their dividends

These four utilities are converting their older plants to cleaner-burning fuels and building new green-power projects. Those investments will help reduce the impact of new carbon taxes and let them keep raising their dividends.
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $34 and CU.X [class B voting] $34;… Read More