AltaGas

Preferred shares of Enbridge and other select Canadian utilities and infrastructure companies are expected to perform strongly over the next 6 to 12 months. The Bank of Canada will likely cut interest rates for the first time on June 5th or July 24th, creating an opportunity to invest in fixed dividend preferred shares that could trigger FOMO. After reset, dividends paid by preferred shares of Enbridge Inc., ENB.PR.Y:CA and ENB.PF.A:CA, will increase by 54% and 41.2%, respectively. » Mehr auf seekingalpha.com

Altagas is a Canadian energy infrastructure company with a focus on US utilities and Canadian midstream assets. The company reported strong cash flow and increased earnings in 2023, which will help fund its planned capital expenditures. The Series G preferred shares of Altagas could be an interesting investment opportunity with a potential dividend yield of 7.4% based on current market conditions. » Mehr auf seekingalpha.com

AltaGas is focusing on its utilities and midstream divisions, with the midstream division exporting almost 120,000 barrels of LPGs per day to Asia. The company's recently released guidance for FY 2024 includes an expected increase in EBITDA and normalized EBITDA, with a majority of capital expenditures going toward the utilities division. AltaGas plans to continue increasing its dividends in the foreseeable future, with a target annual dividend CAGR of 5-7% over the next five years. » Mehr auf seekingalpha.com