Looking for sustainable monthly dividends? We recently discovered a Canadian utility. This stock yields 6.68%. The trailing payout ratio is 72.10%. It has a large project which started operations in Q3 that will add over 30% to its EBITDA. It has 6% CAGR dividend growth.
TransAlta Renewables, Inc. (TRSWF/RNW) owns and operates hydro facilities, wind farms, and natural gas facilities in Western and Eastern Canada and also holds an economic interest in the Wyoming Wind Farm. It also owns the South Hedland power station in western Australia. TransAlta Corp. (NYSE:TAC) is the parent company of TRSWF, and has been in the power business since 1911. The two companies share management - TRSWF's CEO/President Brett Gellner is also the Chief Investment Officer of TransAlta Corp.; Aron Willis is Sr. VP of Gas and Renewables of both companies; and Donald Tremblay is the CFO of both companies. Like many of the companies we cover in our articles, TRSWF's business model is based upon long-term contracts - it currently has an average of 12 years left on its contracts:
Source: Seeking Alpha
Related Articles:
- The Best Dividend Stocks In The World
- Never Fall In Love With A Stock
- My 4 Largest Dividend Growth Stock Positions Have Double-Digit Lifetime Returns
- 10 Great Dividend Stocks With 50+ Years of Consecutive Increases
- International Diversification May Be Closer than You Think
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow vi...
-
Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me ple...
-
Dividend stocks have fallen out of fashion during the pandemic. With interest rates at rock-bottom levels, investors have fled from assets l...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
With interest rates near zero, many investors are turning to dividend stocks for income. And for some investors, the higher the yield, the b...
-
The U.S. economy officially entered into a recession in February, and challenging conditions will likely continue in the near future. The co...
-
Energy Transfer (NYSE:ET) pays a monster cash distribution. Given the big slide in its unit price, -- they're down more than 50% in the ...
-
The rollout of fifth-generation network services, also known as 5G, enhances the appeal of each of these three dividend-paying, 5G technolog...
-
Prices of energy commodities like natural gas are important for consumers and investors alike. Earlier in the year, natural gas prices in th...
-
Unfortunately, some investors that are new to dividend stocks end up chasing the highest yield stocks they can find and end up getting burne...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.