Topic: How To Invest

Dividend Advisor Hotline – Friday, January 17, 2025

Article Excerpt

CANADIAN UTILITIES LTD., $34.41, Toronto symbol CU, is a buy. The company distributes electricity and natural gas in Alberta and Australia. It also owns or invests in power plants in Canada, Mexico, Australia and Chile. ATCO Ltd. (see below) owns 52.6% of the firm. Canadian Utilities will now raise your quarterly dividend by 1.0%. Starting with the March 2025 payment, investors will receive $0.4577 a share instead of $0.4531. The new annual rate of $1.831 yields a high 5.3%. The company has increased its dividend rate for 53 consecutive years. In 2025, the company will probably earn $2.38 a share, and the stock trades at a moderate 14.5 times that estimate. Including this latest increase, Canadian Utilities has raised its dividend an average 1.0% annually in the past 5 years. The stock’s TSI Dividend Sustainability Rating is Highest. Canadian Utilities recent coverage: Hotline for September 27, 2024 August 2024 Issue ATCO LTD. (class I non-voting) is also a buy for income-seeking investors. The company (Toronto symbols ACO.X…