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
Monthly High-Dividend Stock Yields 7%, Has A 72% Payout Ratio, With Strong Growth Prospects
Posted by D4L | Tuesday, October 10, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
Readers may want to do a stock valuation on the stocks in their favorite sectors and wait patiently until they become cheap. Patience is a v...
-
Dividend Kings, stocks with at least 50 consecutive years of dividend growth, are favorites of many income investors. High-dividend yields c...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
-
Do you have the stomach for contrarian investing - betting against the crowd? Sometimes that's necessary in order to find value. Why buy...
-
We picked up two investments that carry excellent yields combined with some healthy upside in the share price. We also dropped one of our po...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.