Dividend GROWTH is the most important element as it predictsand supports that all is well. You don't increase dividends if you don't expect to be able to pay them. For a utility this is simply remarkable. The yield will be double what it is in 2.25 years at 32% growth. The stock will double to be at the same yield it is at today. That's 3X your money in 2.5 yrs. (Growth plus the dividend). Remarkable investment. GLTA
TransAlta Renewables’ (TSX:RNW) dividend growth streak is shorter at six years, although the dividend growth rate over the last five years is 31.98%. The current dividend yield is 6.21%, which is on the high side in the utility sector.
This $3.9 billion company is in the business of developing, owning and operating renewable power generation facilities. These facilities consist of operational and highly contracted renewable power generation facilities such as gas, hydro, and wind.
TransAlta generates stable and growing cash flow as well as consistent returns to shareholders because its power generating assets are long-term and fully contracted. All counterparties are also creditworthy.
The near-term focus is to grow in both Canada, and the U.S. TransAlta is pursuing and capitalizing on strategic growth opportunities through the purchase of new facilities. With 20′ years of experience, expect TransAlta to change the landscape of the power markets in the coming years.