Atlas Pearls Ltd T.ATP

Dividend powerhouse for the next decade

[thomas35]

https://seekingalpha.com/article/295207-2-high-yield-dividend-powerhouses-for-the-next-decade?source=email_porfolio#comments_header

Atlantic Power Corp. (NYSE: AT)

Atlantic Power Corp sells electricity to US-based utilities under long-term contracts. The company is domiciled in Canada (but headquartered in Boston). It operates in unregulated markets and owns 12 power-generation facilities: 8 Natural Gas a hydroelectric, a wind, a coal and finally, a biofuel facility. AT is aggressively acquiring power-generating assets as long as they are accretive to the bottom line. The company is currently in the final stages of purchasing privately held Capital Power Partners LP in a deal that would roughly double its size. Capital Power Partners, LP has “35 facilities in Canada and the United States, totaling approximately 5,100 megawatts of capacity, plus 677 megawatts under construction or in development”. AT is also aggressively pursuing completion on a 54 megawatt biofuel plant in Georgia by the end of 2012. This is a growing market and will represent nearly 11% of AT’s power output.

The company is currently yielding 7.5% and is committed to providing a steady (and increasing) monthly dividend to investors. This is truly a dividend powerhouse for the next decade.