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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…

Replies to this Post

  1. Hayden Manning

    It’s a damn shame that the good days when every bank had 4% interest easily. Now we are stuck being happy with 5% yields as amazing.

  2. Johnathan Cranmer

    Surely, there are other (and better) performers than AQN. I can name a few if anyone is interested.

  3. Kinsey

    Ahh yes the always reliable utility sector.

  4. Billie H.

    I’m a noob and i still don’t understand why a company would want to give out dividends by choice. As a company i’d rather keep it internal to keep growing indefinitely. Or better yet, keep it in case of bad times — and they will come eventually in the marketplace.

  5. Randall

    Use to own Algonquin. Got cold feet when they mixed up upper management.

  6. Fidel P

    An interesting pick. Will do some dilligent research. Thank you.

  7. McKenzie Brogger

    I wish i knew about them last year. My portfolio is pretty much locked in for the year.

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