Earn higher returns with Algonquin

Article Excerpt

Algonquin Power has a long history of using acquisitions to expand. It cuts the risk of this strategy by focusing on regulated utilities and operations with long-term supply contracts. The company’s latest purchase is a Kentucky utility with 228,000 customers. We’re confident this deal will ultimately benefit investors in the form of higher cash flow and dividends. In fact, Algonquin has increased your dividend each year since 2010. The company’s diverse mix of businesses and its clean-energy focus further enhance its appeal. ALGONQUIN POWER & UTILITIES CORP. $19 is a top pick for 2022. The company (Toronto symbol AQN; High-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 671.9 million; Market cap: $12.8 billion; Dividend yield: 4.9%; Dividend Sustainability Rating: Above Average; www.algonquinpower.com) has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America. Algonquin also owns 44.2% of…