Investment Thesis
In January 2019, Canadian Utilities Limited (CDUAF) announced a 7.5% increase to its dividend. This increase marks the 47th consecutive year that the firm has increased its dividend; making it the longest record of dividend increases for any publicly traded firm in Canada. This record of dividend growth has been supported by a history of adjusted earnings growth, underpinned by stable regulated revenue. CU combines an attractive current yield of 4.6% with an unparalleled record of dividend. Long term dividend investors can buy Canadian Utilities and hold it with confidence that