Two ex-trusts hold payouts steady

PEMBINA PIPELINE INCOME FUND $17.86 (Toronto symbol PIF.UN; Units outstanding: 160.0 million; Market cap: $2.9 billion; SI Rating: Extra Risk; Dividend yield: 8.7%) owns nine pipeline systems with a total length of over 8,000 kilometres. This network is the largest feeder operation in Canada. These… Read More

Algonquin conversion a plus

ALGONQUIN POWER & UTILITIES CORP. $3.33 (Toronto symbol AQN; Shares outstanding: 85.7 million; Market cap: $285.2 million; SI Rating: Extra Risk) is the new name of Algonquin Power Income Fund after its conversion to a dividend-paying corporation.

To effect the conversion, TSX-listed Hydrogenics Inc. bought Algonquin,… Read More

EMERA INC. $21 – Toronto symbol EMA

EMERA INC. $21 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 112.4 million; Market cap: $2.4 billion; Price-to-sales ratio: 1.7; SI Rating: Average) has expanded beyond Nova Scotia in the past few years. The company supplies 95% of that province’s electrical power.

For example, Emera… Read More

East-coast utilities broaden their horizons

Fortis and Emera have used the steady cash flow from their power utilities in Atlantic Canada to fund new investments in other businesses. These have helped expand their operations beyond a single region, and enhanced their growth prospects.

FORTIS INC. $25 (Toronto symbol FTS; Conservative Growth… Read More