The Globe and Mail reports in its Saturday, Feb. 24, edition that Capital Power is one of the best dividend-paying stocks on the Toronto Stock Exchange. The Globe's Norman Rothery writes that Capital Power is a stock beloved by risk-averse investors. The Globe has placed Capital Power in its Dividend All-Stars portfolio. It is one of The Globe's top 20 dividend picks for 2024. Capital Power produces power from 32 operating facilities across North America. The Edmonton-based company offers shareholders a 6.7-per-cent dividend yield and expects to increase its dividend per share by 6 per cent in both 2024 and 2025. It has a forward earnings yield of 8.7 per cent based on 12-month earnings estimates. The Globe reported on Nov. 30 that National Bank's Patrick Kenny rated Capital Power "outperform" when it was worth $36.90. The Globe's David Berman was keen on Capital Power on Jan. 16 when it was worth $37.35. The Globe reported on Dec. 13 and Feb. 2 that Desjardins's Brent Stadler said Capital Power was one of his "preferred names." He rated Capital Power "buy." The shares were then worth $49.59 and $37.45. The Globe's guest columnist Gordon Pape recommended buying Capital Power on Dec. 28 when it could be had for $46.93.
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