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CPXWF - Utilities - 2020's Hottest Dividend Sector: Capital Power Preferred Yields 7% 20% Below Par Value
Capital Power Corp
Utilities have been on a roll over the past year (up over 20%) and also in 2020. So far this year they only trail the dividend-deficient tech sector, having gained 8.65%:
We went looking for undervalued, high-yield income vehicles in the utilities sector, but, unsurprisingly, didn't come up with anything too compelling in the common shares arena, with most of them at 52-week highs.
We then switched to utility preferreds, which initially weren't that interesting. As we noted in one of in one of our recent articles, most preferreds of any sector have been