Should You Buy This REIT for its 8.4% Dividend Yield? [Yahoo! Finance Canada]
Algonquin Power & Utilities Corp. Common Shares (AQN)
Last algonquin power & utilities corp. common shares earnings: 2/27 07:54 pm
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Source: Yahoo! Finance Canada
In the last three years, capital-intensive companies in sectors such as real estate and energy have trailed the broader markets by a wide margin, primarily due to higher interest rates and the rising cost of debt. However, the pullback has increased the dividend yield for these stocks, making them attractive to income-seeking investors. Central banks in the U.S. and Canada have recently reduced interest rates, which should act as a tailwind for these companies. One such TSX stock that is part of the real estate market is Slate Grocery TSX:SGR.UN ). Valued at a market cap of $828 million, Slate Grocery pays shareholders an annual dividend of $1.17 per share, indicating a forward yield of 8.4%. Slate Grocery is a real estate investment trust (REIT), which means it owns and operates properties rented out to tenants, allowing it to generate recurring income across market cycles. With more than US$2.4 billion in total assets, Slate Grocery owns a resilient grocery-anchored portfolio a
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- Friday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The