We plugged into the Utilities sector this week, just to see if we could find something new, that hasn't tripped our radar yet. This stock yields 6.52%, with a 47% dividend payout ratio. Mgt. has raised 2017 AFFO guidance by 12%, and is targeting 7-8% dividend growth in 2017 and 2018. Mgt. has made 3 recent acquisitions that will ramp up earnings in 2017. This stock is selling at 21% below book value and is 13% below analysts' avg. price target.
We came up with Capital Power, (CPXWF), a Canadian independent power producer with a rapidly-growing asset base, which promises strong growth in 2017. Management raised its 2017 AFFO guidance by ~12% on the Q1 earnings release. The reason for this guidance hike is that management has made recent acquisitions that will be accretive in 2017. Capital Power is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns approximately 4,500 megawatts of power generation capacity at 24 facilities and is pursuing contracted generation capacity throughout North America.
Source: Seeking Alpha
Related Articles:
- 12 Dividend Growth Stocks With A Good Yield/Growth Mix
- Who is Ben Grossbaum and Why Should We Listen to Him?
- 4 High Yield, High Risk Dividend Stocks
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- All Investments Carry Risk
A High Yield Utility Stock With Big Growth Potential In 2017
Posted by D4L | Wednesday, August 09, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
When shares trade at a 40% discount to book value, they should have substantial flaws. This REIT isn’t perfect, but it deserves a higher rat...
-
The best dividend stock nobody is talking about is an undervalued, high-dividend chemical company poised to grow at an exponential rate. Wit...
-
If any investor has stood the test of time, it is Warren Buffett. For years, the “Oracle of Omaha” has had a rock-star-like presence in the ...
-
Last week, we found out that the consumer price index (CPI) went up by 8.3% in April, more than the 8.1% estimate. Meanwhile, the ongoing wa...
-
Investors typically see renewable energy companies as fast-growing but risky businesses. But not all renewable energy stocks are risky. Let&...
-
A full-blown recession, or the late-year rally in Wilson’s view – the natural move for investors will be toward defensive stocks, moves to p...
-
The Dividend Kings, which are those stocks with at least 50 years of dividend growth, is an excellent place to find high quality names. Ther...
-
When a retailer has a sale, it's often celebrated with banners, signs, and commercials telling customers not to miss out on the spectacu...
-
If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock-star...
-
Mid-cap dividend stocks are the best bargain on the board right now. I love them because lame income investors don’t consider them. They fix...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.