These green energy firms have either cut their dividends or frozen them to conserve cash for new projects and acquisitions. Even so, their current payouts—and high yields—look sustainable.


ALGONQUIN POWER & UTILITIES CORP. $11 is a buy for long-term gains. The company (Toronto symbol AQN; High-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 688.7 million; Market cap: $7.6 billion; Dividend yield: 5.2%; Dividend Sustainability Rating: 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 47 clean-energy plants in North America.


To conserve cash for its planned purchase of Kentucky Power Co....

TD 1ST PREFERRED CLASS A SERIES 1 $17 (Toronto symbol TD.PF.A) is a preferred-share issue from TD Bank (symbol TD on Toronto).


The TD Series 1 preferreds yield 5.3%. That’s higher than the 4.5% offered by the bank’s common shares.


Note, though, that preferred shares behave more like long-term, fixed-income instruments than short-term instruments....

The toll rates that pipeline operators like TC Energy charge oil and gas producers are mainly set by government regulators. Those set rates ensure providers get an acceptable rate of return on new projects. The government-involvement also protects TC from volatile swings in energy prices.


Thanks to those predictable revenues, TC has now raised its dividend each year for the past 23 years....

A: Oshkosh Corp., $90.30, symbol OSK on New York (Shares outstanding: 65.3 million; Market cap: $6.0 billion; Manufacturing sector; TSINetwork Rating: Average; Dividend yield: 1.8%; www.oshkoshcorp.com), makes purpose-built vehicles and equipment for the access, defense, fire & emergency, garbage collection, and concrete placement markets....

Utility companies around the world are investing heavily in renewable power. That’s mainly due to government mandates to cut greenhouse gas emissions.

In response, Emera has shut down most of its coal-fired power plants. It’s also aggressively building new wind and solar projects....

EXXON MOBIL CORP., $103.89, symbol XOM on New York, is one of the world’s largest integrated oil and gas companies. Its operations include oil and gas production, as well as refining and chemical businesses. Its 62,300 employees operate on every continent except Antarctica.

On July 13, 2023, Exxon announced that it would acquire Denbury Inc....

CORTEVA INC., $56.35, is a buy. The company (symbol CTVA on New York) is a leading developer of new seeds and crop chemicals, including herbicides and insecticides, for the agriculture industry. Corteva separated from DowDuPont in June 2019.

Corteva and Bioceres Crop Solutions Corp....

MICROSOFT CORP., $343.77, Nasdaq symbol MSFT, is a buy for aggressive investors.

The company is the world’s largest computer software firm. Its main product is the Windows operating system, which powers about 85% of the world’s personal computers....

VERIZON COMMUNICATIONS INC., $33.88, New York symbol VZ, is still your #1 Income Buy for 2023.

The company is the second-largest wireless carrier in the U.S. after AT&T (see below), with 143.3 million subscribers (consumers and businesses) as of March 31, 2023.

Verizon has raised its dividend each year for the past 16 years....

TELUS CORP., $24.79, Toronto symbol T, is still your #1 Income Buy for 2023.

The company is Canada’s second-largest wireless carrier (after BCE) with 12.16 million subscribers. It also sells landline phone, Internet and TV services in B.C., Alberta and eastern Quebec.

With the July 4, 2023, payment, Telus increased your quarterly dividend by 3.6%, to $0.3636 a share from $0.3511....