© 2020 GlobeNewswire, Inc. All Rights Reserved. Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The low-risk and regulated business of these utility companies imply that investors can expect a stable passive income. CALGARY, Alberta – Canadian Utilities Limited (TSX: CU, CU.X) The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter Change ), You are commenting using your Google account. Similar to its peers, Algonquin Power & Utilities operates a low-risk business that generates stable cash flows. Dividend Growth. All rights reserved. ( Log Out / Unfortunately the list of companies you show is not the official 2020 Canadian Aristocrats List per S&P Canada BMI, it actually is the latest Canadian Dividend … With the raise my quarterly income will increase by $2.76 and $11.04 annually. The company derives the majority of its revenues and earnings from the rate-regulated utility assets and generates predictable cash flows, which supports its payouts. The Board also declared the following Cumulative Redeemable Second Preferred Share Dividends: These dividends are eligible dividends within the meaning of the Income Tax Act (Canada). Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.
Let’s take a look at three top utility stocks for an additional stream of income. This common share dividend is payable March 1, 2020, to shareholders of record on February 6, 2020. Dividend growth rate (5-yr, annualized): 6.83%. 5G has the potential to radically change our lives and society as we know it, but if you’re an investor, the implications are even greater — and potentially much more lucrative. With the longest history of annual dividend increases by any publicly traded Canadian company, Canadian Utilities (TSX:CU) is a must-have stock for investors seeking passive income. Dividend Leadership. The remaining 5% came from the businesses backed by long-term contractual arrangements. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions.
© 2020 The Motley Fool Canada, ULC. It pays a dividend yield of 5.22%, putting its dividend yield in the top 25% of dividend-paying stocks. The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter dividend of 43.54 cents per Class A non-voting … Similar to the Canadian Utilities, Fortis also has a long track record (46 years) of consistently increasing its annual dividends. The last, but not least, company to be reviewed in our top 20 for 2020 is the most stable Canadian utility: Fortis. Canadian Utilities Limited is a diversified global energy infrastructure corporation delivering service excellence and innovative business solutions in Electricity (electricity generation, transmission and distribution), Pipelines & Liquids (natural gas transmission, distribution and infrastructure development; and energy storage and industrial water solutions) and Retail Energy (electricity and natural gas retail sales). Increases Common Share Dividend for the 48. th.
The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
I currently own 23 shares and plan to add more over the coming years. All these companies generate predictable cash flows, and with consistent rate base growth, investors can expect dividends to increase further in the coming years. Change ), You are commenting using your Facebook account. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. Shares of the utility giant currently offer a stellar dividend yield of 5.4%. CANADIAN UTILITIES LIMITED ELIGIBLE DIVIDENDS . On September 17th the Board of Directors at Texas Instruments announced that the dividend will be increased by 13%. Change ), You are commenting using your Twitter account. Congrats on the raise! The dividend is payable on the 31st day of January, 2020 to the Shareholders of record at the close of business on the 17th day of January, 2020. This raise marks the 17th consecutive year that Texas Instruments has raised their dividend. PDF available: http://ml.globenewswire.com/Resource/Download/0873c1d7-336a-4992-af3c-5d8580a80884. Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) is the third stock that should be on your watch if you are looking for solid passive income. consecutive year . We could see plenty of new wealth-building opportunities in 2020 that would potentially dwarf any that came before them. Also, strategic acquisitions are likely to bolster its growth further. The common share dividend value represents a 5.8-per-cent increase over the previous quarterly dividend.”. Its continued focus on expanding and diversifying its business through investment opportunities in infrastructure and renewable power bodes well for growth. Those shares will be payable Dec. 1 at the close of business on Nov. 18. Moreover, long-term investors are also likely to benefit from capital appreciation. This represents a 3.08% increase to the last quarter dividend. Fortis already declared a dividend increase as of yesterday. Canadian Utilities has the longest record of dividend increases compared to any other publicly traded Canadian company, … ( Log Out / D.A. The dividend payout ratio of Canadian Utilities is 79.09%. Change ). More information can be found at www.canadianutilities.com. Returns since inception, October 2013. The company’s majority of revenues come from the regulated utility assets, which provides stability. The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. ( Log Out / Canadian Utilities With the longest history of annual dividend increases by any publicly traded Canadian company, Canadian Utilities (TSX:CU) is a must-have stock for investors seeking passive income. Investors should note that the rate-regulated business and predictable cash flows make utility stocks immune to the high volatility in the stock market. The Board of Directors of Canadian Utilities Limited, an ATCO Company, today declared a first quarter dividend of 43.54 cents per Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a three per cent increase over the 42.27 cents paid in each of the four previous quarters. Follow All About The Dividends on WordPress.com. To be precise, Canadian Utilities has raised its dividends for 48 years in a row.
Increases Common Share Dividend for the 48th consecutive year, http://ml.globenewswire.com/Resource/Download/0873c1d7-336a-4992-af3c-5d8580a80884. Shares of Algonquin Power & Utilities currently offer a high dividend yield of 4.4%. In 2019, Canadian Utilities generated about 95% of its adjusted earnings from the regulated utility business. Yesterday the 9th of January the Board of Directors of Canadian Utilities Limited announced a quarterly dividend increase from CA$ 0.4227 to CA$ 0.4354 per share that’s payable March 1, 2020 to holders of record February 6, 2020. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X).
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