It is important to seek out a qualified investment, tax or legal professional before making any decisions related to your own personal investments. Combine this with a 5.33% dividend, and you’re essentially purchasing a utility company that has barely kept up with inflation. Do Not Sell My Information. Now, this isn’t as high as Fortis (TSE:FTS), which generates 99% of its earnings through regulated utilities. Learn more. Optimal investment in terms of dividend growth? More on that later. Please also note that effective January 10, 2019, Canadian Utilities’ dividend reinvestment plan was suspended. *Dividend amounts adjusted to reflect stock splits. Further information regarding the taxation of eligible dividends is also available from the Canada Revenue Agency. Want to see which stocks are moving? Fundamental company data provided by Morningstar and Zacks Investment Research. Meet our Board of Directors and committees. Learn more. Monday-Friday : 8 a.m. - 8 p.m.; Saturday : 8 a.m. - 4:30 p.m. Not to mention, those who purchased Canadian Utilities prior to COVID-19 were not getting this high of a yield, so they’re more than likely worse off. Unfortunately, it’s pretty much just been them. 95% is still a high enough number that makes cash flows and in turn the dividend, particularly reliable. Dividends have been adjusted to reflect this split. The company primarily operates in Canada but does have exposure to the United States and surprisingly, Australia. Further information regarding the taxation of eligible dividends is also available from the Canada Revenue Agency. However Canadian Utilities exposure to Alberta, which is expected to suffer significant economic downfalls from COVID-19, caused it to lag by a wide margin in terms of recovery. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. View our full suite of financial calendars and market data tables, all for free. Canadian Utilities (TSE:CU) dividend and stock analysis. Dividends have been adjusted to reflect this split. Absolutely not. Monday-Friday : 8 a.m. - 8 p.m.; Saturday : 8 a.m. - 4:30 p.m. Natural Gas, Energy Storage, & Industrial Water. CU: Canadian Utilities raises dividend 7.6% to $0.423 quarterly: 2018-01-15: CU: Canadian … In an industry plagued with misinformation, our main priority is to maintain complete objectivity and bring investors around the world accurate, timely and high quality investment news and information. Why? Identify stocks that meet your criteria using seven unique stock screeners. CU's next quarterly dividend payment will be made to shareholders of record on Tuesday, December 1. Well, take a look at the chart below: Despite a short period in late 2018 when the TSX underwent a significant correction, Canadian Utilities dividend yield hasn’t been this high in a very long time. Canadian Utilities takes it to the next level, as the company’s share price has been decreasing at a rapid pace. Does it have room to run after its share price shrank due to COVID-19? Although there is no doubt Canadian Utilities is a strong Canadian blue chip stock, it is important to look at as many aspects of the business as possible. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. It’s pretty clear from the overall returns of the utility companies I listed in the chart above, that Canadian Utilities has a lot of catching up to do. © American Consumer News, LLC dba MarketBeat® 2010-2020. However, one of the key things investors tend to forget is that we also need returns via an increase in stock price. First off, lets dig into what Canadian Utilities does, and what regions they provide services to. The company’s payout ratio sits at 77% of earnings, 78% of free cash flows, and 35% of operating cash flows. Receive a free world-class investing education from MarketBeat. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. COPYRIGHT 2020 CU Inc. The company has a high amount of exposure to a particular province that is expected to struggle moving forward, Alberta. Over the past 5 years, Canadian Utilities has a compound annual growth rate of -2.33%. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Please log in to your account or sign up in order to add this asset to your watchlist. Dividend History. There’s plenty of other reliable income plays in Canada today, especially in the utility sector, that can give you more growth than Canadian Utilities. Stocktrades offers strictly investment opinions, not investment advice. The company generates 95% of its earnings from regulated utilities. Canadian Utilities pays an annual dividend of C$1.74 per share, with a dividend yield of 5.08%. But my attitude towards Canadian Utilities is similar to that of Canadian Western Bank. You should consult your tax advisor for advice with respect to the income tax consequences of receiving eligible dividends. A 48 year dividend growth streak is nice, and a 5.33% yield is nothing to scoff at either. Customers are free to purchase natural gas services or electricity services from a retailer of their choice. Canadian Utilities pays an annual dividend of C$1.74 per share, with a dividend yield of 5.23%. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. ALL RIGHTS RESERVED. However, this was to be expected as prior to COVID-19, we were in a rising interest rate environment. Altagas (TSE:ALA) Dividend & Stock Analysis, Fortis (TSE:FTS) Dividend & Stock Analysis, Telus (TSE:T) Dividend and Stock Analysis, Canadian Oil Stocks – the Best Oil & Pipeline Stocks Today, Bank of Montreal (TSE:BMO) Dividend & Stock Analysis, Top 10 Canadian Blue Chip Stocks You Should Be Looking At. Get short term trading ideas from the MarketBeat Idea Engine. Fortunately, Canadian Utilities is not in this situation. Lets look at the health of its dividend and the overall opportunity for Canadian investors looking to purchase the stock. You should consult your tax advisor for advice with respect to the income tax consequences of receiving eligible dividends. Canadian Utilities is the poster-boy in Canada when it comes to dividend growth. On June 14, 2013, Canadian Utilities effected a two-for-one stock split. In this article we’re going to find out. Review CU dividend yield and history, to decide if CU is the best investment for you. Export data to Excel for your own analysis. Speaking of dividend, lets have a look at how secure it really is. Get daily stock ideas top-performing Wall Street analysts. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. In mentioning that, it is critical that we don’t get blinded by the fact the company has raised dividends consistently for this long. The fastest growing dividend in the utility sector belongs to Canadian Utilities big brother, Atco. Copyright 2020 Stocktrades Ltd©. All dividends paid on Canadian Utilities Limited shares on or after January 1, 2006 are designated "eligible dividends" for Canadian income tax purposes unless Canadian Utilities Limited indicates otherwise. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 So, a rising yield is good right? Both of them are very closely intertwined as I’ve mentioned previously, Atco, and Canadian Utilities.

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