Aco.x.to

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HI

Aco.x.to on top dividend list.

What do you think about its growth.

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Asked on September 25, 2020 4:01 pm
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thanks for this info.

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Posted by Ayesha Ahmad
Answered on September 26, 2020 11:18 am
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HI there,

As a dividend stock - Atco is solid. It has a long history of dividend growth and there is no concern re: dividend safety.

When it come to growth however, it is is near the bottom when compared to its peers. In fact, it is one of the only utilities that is expected to post negative earnings growth in both 2020 and 2021. Not big YOY dips, but negative nonetheless. The lack of clear path to growth is one of the reasons we prefer companies like FTS, AQN, CPX, NPI and others.

Not to say its a bad company - it is an excellent dividend stock, just don't expect much earnings growth over the next couple of years.

Mat

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Posted by Mathieu Litalien
Answered on September 26, 2020 8:03 am