atco
Canadian Utilities remains a great pick for income-seeking investors. In fact, in our TSI Dividend Advisor newsletter, the company earns our “Highest” Dividend Sustainability Rating. That measures how likely a company is to maintain—or, even better, keep raising—its dividend....
CANADIAN UTILITIES LTD. $32 (class A non-voting) is a buy. The company (www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia. It also has 5 power plants—1 in Canada, 2 in Australia and 2 in Mexico....
Canadian Utilities and its parent company, ATCO, continue to simplify their operations. That’s good news, as investors prefer pure-play companies. Their quality businesses should also let them keep raising their dividends.
CANADIAN UTILITIES LTD....
CANADIAN UTILITIES LTD....
TC ENERGY CORP. $56 (www.tcenergy.com) is our #1 Income Buy for 2020. It’s likely incoming U.S. president Joe Biden will cancel the company’s proposed Keystone XL pipeline, which would pump crude from Alberta to U.S. Gulf Coast refineries. However, the company would probably use the materials set aside for Keystone XL on other projects....
CANADIAN UTILITIES LTD. $33 (www.canadianutilities.com) is a buy. The firm distributes electricity and natural gas in Alberta and Australia. It also owns or invests in 5 power plants—1 in Canada, 2 in Australia and 2 in Mexico....
Canadian Utilities and its parent company ATCO offer investors two ways to profit from the same high-quality assets. In fact, both stocks now pay the same dividend per share. However, income seekers should stick with Canadian Utilities. It’s focus on regulated businesses cuts its risk....
Canadian Utilities and its parent ATCO get most of their revenue from operations in Alberta. That adds to the risk for their investors as the province faces two big drags on its economy—COVID-19 and sharply lower oil prices. Even so, the high-quality regulated utilities held by these companies should continue to reward investors with strong income and rising dividends.
CANADIAN UTILITIES LTD....
CANADIAN UTILITIES LTD....
ENBRIDGE INC. $40 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.0 billion; Market cap: $80.0 billion; Price-to-sales ratio: 1.6; Dividend yield: 8.1%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S....
These two utilities get nearly all of their cash flow from regulated power contracts. Both use that solid revenue to build up their operations, including cutting their reliance on fossil fuel projects. Those improvements should continue to fuel your long-term dividend increases.
EMERA INC....
EMERA INC....
Canadian Utilities and its parent ATCO rewarded investors with gains well over 20% this past year. That’s partly because low interest rates continue to spur demand for high-yield dividend payers. As well, Canadian Utilities’ recent asset sales improve the outlook for both firms....