When it comes to utilities, investors expect a rich dividend.
Algonquin Power & Utilities Corp. (TSX:AQN)(NYSE:AQN) doesn’t disappoint.
Its annual payout of US$0.466 per share is good for a 5% yield for Canadian investors, as the U.S. dollar has been strengthening against the Canadian dollar. The high yield is secured by the company’s stable cash flow generation and a conservative payout ratio.
What fuels Algonquin’s cash flows is its diversified portfolio of rate-regulated distribution utility and power-generation assets. Read More…