Atco Ltd T.ACO.X

Michael Sprung - BNN- Top Pick

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ATCO (ACO.X TSX)

ATCO Ltd. is a global conglomerate which owns and operates energy infrastructure assets. The company has operations in three primary business segments: Canadian Utilities (53 per cent owned, 82 per cent of earnings); Structures and Logistics (100 per cent owned, 14 per cent of earnings); Neltume Ports (40 per cent owned, four per cent of earnings) and Corporate (100 per cent owned, includes Real Estate and ASHCOR. The company has a history of sound multi-generational leadership. ATCO has raised its dividend every year for the last 30 years. At current levels, the stock yields around 5.5 per cent.