atco
Canadian Utilities and parent company ATCO give investors two ways to buy essentially the same businesses. Still, income seekers should pick Canadian Utilities for its impressive dividend, while value investors should go with ATCO for its more modest p/e.
CANADIAN UTILITIES LTD....
CANADIAN UTILITIES LTD....
Canadian Utilities recently sold its 12 fossil fuel-fired plants in Canada, plus other non-core assets. The company will likely reinvest the proceeds in new businesses. That will further enhance value for its investors, but also for the shareholders of its parent company, ATCO.
We like both stocks, but CU’s higher dividend and yield make it a better buy for income-seeking investors.
CANADIAN UTILITIES LTD....
We like both stocks, but CU’s higher dividend and yield make it a better buy for income-seeking investors.
CANADIAN UTILITIES LTD....
FINNING INTERNATIONAL INC., $24, remains an attractive buy for our investors. The company (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 163.3 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.5; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar heavy equipment in Western Canada, South America and the U.K....
Canadian Utilities recently completed a strategic review of its power operations to find ways to increase investor value. As a result, it has now raised $835 million through the sale of 12 fossil fuel-fired plants in Canada, plus other non-core assets.
The company will spend some of the cash on new projects to spur dividends for both its own investors well as shareholders of its parent company, ATCO....
The company will spend some of the cash on new projects to spur dividends for both its own investors well as shareholders of its parent company, ATCO....
Canadian Utilities’ high-quality assets provide it with plenty of cash flow for shareholder dividends. That cash flow also helps explain why we have recommended the stock as a top pick for income seekers since 1995.
We also like its parent company, ATCO....
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 Bird Construction Inc....
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....
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....
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....
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; Income Portfolio, Utilities sector; Shares outstanding: 272.1 million; Market cap: $9.3 billion; Price-to-sales ratio: 2.1; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia....
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $34 and CU.X [class B voting] $34; Income Portfolio, Utilities sector; Shares outstanding: 272.1 million; Market cap: $9.3 billion; Price-to-sales ratio: 2.1; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia....