When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CNUTF - Canadian Utilities: This 4.3%-Yielding Utility Is A Good Income Choice In An Expensive Sector
Canadian Utilities Ltd 4.5% 2nd Pfd Ser DD
Investment Thesis
Over the last year, utility companies have seen significant share price appreciation, with the S&P/TSX Capped Utilities Index up 34% over the last 12 months. These gains have pushed down the yields of most TSX listed utility firms. Canadian Utilities Ltd. (CDUAF) although rallying ~20% over the last 12 months, is still yielding below its 5-year historical average. This makes its current dividend yield of ~4.3% attractive on a relative basis. At the same time, Canadian Utilities has continued its strong record of dividend growth, outpacing many of its peers over