Updating your Income stocks: Canadian Utilities, Atco and Andrew Peller

Article Excerpt

CANADIAN UTILITIES LTD. $34 (www.canadianutilities.com) is a buy. The company distributes electricity and natural gas in Alberta and Australia. It also owns or invests in power plants in Canada, Mexico, Australia and Chile. ATCO (see below) owns 52.6% of the firm. Canadian Utilities will now raise your quarterly dividend by 1.0% with the March 2025 payment; the new annual rate of $1.831 a share yields 5.4%. Canadian Utilities is a buy. ATCO LTD. $48 (www.atco.com) is also a buy. The company gets most of its earnings from its stake in Canadian Utilities (see above). It also makes temporary buildings for construction, mining and energy-exploration firms, as well as 40% of Neltume Ports; it operates 18 ports in four South American countries. ATCO investors will see their quarterly dividend rise 3.0% starting in March 2025; the new annual rate of $2.018 yields a high 4.2%. ATCO (class I non-voting) is a buy. ANDREW PELLER LTD. $4.83 (www.andrewpeller.com) remains a buy. The company is Canada’s second-largest wine producer after Arterra Wines. Peller continue to…