Renewable power feeds these steady payments

Article Excerpt

We continue to like the prospects of these two power utilities. Their focus on renewable power helps them comply with increasingly stringent environmental regulations. What’s more, both get most of their revenue from regulated businesses, which lets them keep raising their dividends. ALGONQUIN POWER & UTILITIES CORP. $20 is a top pick for 2020. The company (Toronto symbol AQN; High-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 526.7 million; Market cap: $10.5 billion; Dividend yield: 4.0%; Dividend Sustainability Rating: Above Average; www.algonquinpower.com) generates value for investors through two main businesses. Liberty Power Group produces electricity from 39 clean-energy facilities in North America; and Liberty Utilities Group provides regulated electricity, gas, water distribution and wastewater collection. Through your Algonquin shares, you also tap its 44.2%-owned Atlantica Yield plc (Nasdaq symbol AY), with its own renewable energy assets. Investors saw their quarterly dividend rise to $0.1410 U.S. a share in July 2019, up 10.0% from $0.1282 U.S. While the company’s annual rate of $0.5640 U.S. already offers you a..