Its operations include electricity generation, transmission, and distribution, and natural gas transmission, distribution, and infrastructure development. It also provides energy storage and industrial water solutions and has been heavily investing in green energy projects for over 20 years.
Wealth Builder
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Income Investor
The stock price has gradually moved higher this year and is up about 11% year to date. The company reported second-quarter adjusted earnings of $121 million ($0.45 per share). That compares with $117 million ($0.43 per share) in the same quarter of 2024. Canadian Utilities invested $382 million in capital expenditures in the quarter, of which 95% was spent on regulated utilities in ATCO Energy Systems and ATCO Australia. The stock pays a quarterly divided of $0.4577 a share ($1.83 per year). The company has raised its dividend every year for the past half-century. - Gordon Pape
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CU was first recommended here on May 15, 2021