Topic: How To Invest

Dividend Advisor Hotline – Friday, September 21, 2018

Article Excerpt

ATCO LTD., Toronto symbols ACO.X [class I non-voting] $38.00 and ACO.Y [class II voting] $37.98, gets most of its earnings from its 52.4% stake in Canadian Utilities Ltd. (Toronto symbols CU [class A non-voting] and CU.X [class B voting]). That firm distributes electricity and natural gas in Alberta and Australia. It also holds all or part of 19 power plants—15 in Canada, 2 in Australia and 2 in Mexico. ATCO also owns 100% ATCO Structures & Logistics, which makes temporary buildings for construction, mining and energy exploration firms. The company last raised its quarterly dividend with the March 2018 payment. Investors now receive $0.3766 a share, up 15.0% from $0.3275. The new annual rate of $1.51 yields 4.0%. ATCO will now buy a 40% stake in Neltume Ports, a subsidiary of maritime shipping firm Ultramar. Neltume operates 16 ports in four South American countries: Argentina, Brazil, Chile and Uruguay. For its 40% interests in Neltume, the company will pay $450 million. That’s equal…

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