When picking high dividend stocks, we continue to recommend that you look beyond yield (dividend rate divided by share price). Instead, focus on high-quality companies with long histories of rising payouts, such as these four utilities (including Canadian Utilities, see box on page 74). Their… Read More
ALGONQUIN POWER & UTILITIES $5.85 (Toronto symbol AQN; Shares outstanding: 94.3 million; Market cap: $672.3 million; TSINetwork Rating: Extra Risk; Dividend yield: 4.4%; www.algonquinpower.com) is buying the 49.999% of California Pacific Electric Company (CPEC) it doesn’t own from Emera Inc. CPEC sells power to 47,000… Read More
This week’s election of a majority Conservative government is a positive development for most of the stocks we recommend. That’s mainly because next year’s cut in the corporate tax rate will proceed as planned. As well, the Conservatives will not impose onerous new carbon taxes… Read More
ALGONQUIN POWER & UTILITIES CORP. $5.21 (Toronto symbol AQN; Shares outstanding: 95.1 million; Market cap: $495.5 million; TSINetwork Rating: Extra Risk; Dividend yield: 5.0%; www.algonquinpower.com) holds interests in 44 hydroelectric plants in Canada and the northeastern U.S., as well as 12 thermal-energy facilities. Wholly owned… Read More
Stocks in the Utilities sector usually appeal mainly to conservative and income-seeking investors. That’s because these firms’ operations (such as power plants and pipelines) generate steady cash flows that help them pay above-average dividends.
However, some utilities also offer opportunities for growth. Emera is good example… Read More
EMERA INC. $31 (www.emera.com) has raised its stake in Light & Power Holdings to 79.7% from 38.3%. Light & Power is the sole electricity supplier in Barbados. Emera paid roughly $91 million for the extra shares. That’s equal to 60% of the $151.5 million, or… Read More
EMERA INC. $33 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 114.0 million; Market cap: $3.8 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.9%; TSINetwork Rating: Average; www.emera.com) has completed its purchase of California Pacific Electric Co., which generates and distributes electricity to 47,000 customers… Read More
TORONTO-DOMINION BANK, $72.23, Toronto symbol TD, fell 4% this week, even though the bank reported higher revenue and earnings in its 2010 fiscal year, which ended October 31, 2010.
Revenue rose 9.6%, to $19.6 billion from $17.9 billion in fiscal 2009. Earnings rose 10.9%, to $5.2… Read More
ALGONQUIN POWER & UTILITIES CORP. $4.88 (Toronto symbol AQN; Shares outstanding: 95.1 million; Market cap: $464.1 million; TSINetwork Rating: Extra Risk; Dividend yield: 4.9%; www.algonquinpower.com) holds interests in 47 hydroelectric plants in Canada and the northeastern U.S., as well as 14 thermal-energy facilities. Wholly owned… Read More
EMERA INC., $31.13, Toronto symbol EMA, is Nova Scotia’s main electricity supplier.
This week, the company agreed to participate in a major new hydroelectric project on the Churchill River in Labrador.
Under the terms of the deal, Nalcor Energy, which is owned by the Newfoundland government,… Read More
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