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CUTLF - ATCO Ltd.: Canadian Utilities With A Growth Kicker
Canadian Utilities Ltd. - 5.25% PRF PERPETUAL CAD 25 - Ser EE
Most of ATCO's $22 billion in assets are in the form of a controlling stake in Canadian Utilities.
Though Canadian Utilities' earnings have stagnated in recent years, ATCO has been using the steady profits from that business to fund its faster growing segment that invests in various ventures.
Though ATCO has outperformed over the long run, it has underperformed in recent years along with most value stocks.
The company, which is still run by the founding family, exhibits a long-term orientation, as illustrated by ATCO's 28-year dividend growth track record.