Topic: Dividend Stocks

CANADIAN UTILITIES LTD. $36 – Toronto symbol CU

CANADIAN UTILITIES LTD. $36 (www.canadianutilities.com) has spent $617 million in the first half of 2015 to expand its power plants, transmission lines and pipelines in Alberta. However, higher corporate taxes in that province, as well as writedowns, offset the extra revenue from these operations. As a result, Canadian Utilities’ earnings fell 62.6% in the second quarter of 2015, to $43 million, or $0.12 a share, from $115 million, or $0.39. If you exclude all unusual items, earnings gained 18.8%. Buy.

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