Q: At what price would Canadian Utilities be a good point to buy the stock for dividend income? If there are better companies in the utilities market, please comment on that. I am looking for a company with good dividend prospects for the next 5 years.
And is CU a good bet for capital growth in the next 5 years? If not, what are better options?
Thank you for your valuable input and have a great day!
And is CU a good bet for capital growth in the next 5 years? If not, what are better options?
Thank you for your valuable input and have a great day!
5i Research Answer:
We think CU is fine for income and some growth potential over 5 years. We would be more interested at $30 but would be fine buying today also. We can also suggest FTS and ENB for dividend income and dividend growth.