emera

EMERA INC., $50.43, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida....

T. ROWE PRICE GROUP INC. $111 is a buy. The asset manager (Nasdaq symbol TROW; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 223.7 million; Market cap: $24.8 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Above Average; www.troweprice.com) provides financial advice and products to individuals and institutions worldwide.


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EMERA INC., $48.80, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida....

High interest rates tend to increase the appeal of bonds and hurt the shares of high-quality utility stocks, including the four we analyze below. We feel they are particularly attractive buys right now as it looks like the Bank of Canada will cut interest rates later this year.


FORTIS INC....

Utilities stocks fell in 2023 on strong and competing demand for bonds as interest rates spurred bond yields. Higher interest rates also increased the borrowing costs for utilities as they undertook new projects and upgrades.


However, it now looks like interest rates will come down in the next few months....

SUNCOR ENERGY INC., $46.33, Toronto symbol SU, remains a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

With the December 2023 payment, Suncor will raise your quarterly dividend by 4.8%, to $0.545 a share from $0.53....

EMERA INC. $48 (www.emera.com) is a buy. The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. Its other interests include several power plants and natural gas pipelines in the U.S....

EMERA INC. $46 is a buy. The company (Toronto symbol EMA; Income-Growth Portfolio, Utilities sector; Shares outstanding: 256.5 million; Market cap: $11.8 billion; Dividend yield: 6.2%; Dividend Sustainability Rating: Highest; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....

NUTRIEN LTD., $82.52, Toronto symbol NTR, is still a buy for the Resources portion of your portfolio.

The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp....

CISCO SYSTEMS INC., $53.76, Nasdaq symbol CSCO, is a buy.

Through the stock, investors tap a global producer of hardware and software that links and manages computer networks.

Cisco last raised your quarterly dividend with the April 2023 payment....