Sisson's CommentsHe also owns it personally as well as in the fund. GLTA
Algonquin Power (AQN TSX)
i) A progressive dividend currently yielding 4.40 per cent. ii) Earnings catalyst looking forward provided by 1,400 megawatts of additional renewable capacity and by supportive government renewable energy policies across North America. iii) An attractive entry level as Algonquin has seen its share price decline by 13 per cent in 2021, which is on the lighter side of the recent global renewables sell-off. iv) Equity funds are flowing into ESG friendly renewables names. v) Revenue, net income and the dividend have grown at average annual rates of 28 per cent, 38 per cent and 13 per cent, respectively over the last ten years.
TOP PICK
Algonquin Power & Utilities Corp
(AQN-T)
June 11, 2021
Attractive dividend with a good growth profile. Good ESG candidate so funds should flow into this. In the last little while, we have seen some decline in the sector. An attractive entry price. There is 1400 additional mega watts of energy coming online. A good rewarder of share holders. (Analysts’ price target is $21.01)
ELECTRICAL UTILITIES
Darren Sissons
Price
$19.460
Owned
Yes