11:10:38 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Canadian Utilities Ltd
Symbol CU
Shares Issued 187,559,728
Close 2014-09-16 C$ 39.74
Market Cap C$ 7,453,623,591
Recent Sedar Documents

Globe says Cdn Utilities regularly raises its payout

2014-09-17 07:05 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 17, edition that Kaspardlov, Laverty and Associates chief investment strategist Pat McHugh recommends buying Canadian Utilities ($39.74). The Globe's John Heinzl writes in the Yield Hog column that Canadian Utilities offers a yearly yield of 2.7 per cent. It has a three-year annualized dividend growth rate of 9.7 per cent. Canadian Utilities' energy infrastructure assets -- including gas and electric utilities, pipelines and power generation plants -- throw off predictable and growing cash flows, which has allowed the company to raise its dividend every January (and sometimes more often) for more than 20 years. Mr. McHugh calls Canadian Utilities "a cash machine." Mr. McHugh says rising interest rates pose a potential threat to utility stocks, but a growing dividend can help to cushion the blow. With interest rates at historic lows and many companies phasing out defined benefit pension plans, Mr. McHugh argues that a portfolio of dividend-growing stocks can provide a relatively safe and predictable stream of cash to supplement other sources of income in retirement.

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