Q: My apologies. I seem to have had a "Senior Moment" and written in the wrong company name and symbol. The question is about Canadian Utilities
I feel that I need to sell my Canadian Utilities as despite the nice 5.21% dividend with a 9 year streak rising annually, long term there seems to be no significant share price growth. I had thought they would do much better after getting off coal but evidently not. Is there any point in keeping CU in my TFSA other than just for the dividend?
Could you please suggest your best 8 Canadian Blue Chip stocks with dividends over 5% that I don't already own, and that come with steadily rising dividends and enough growth to justify putting them in my TFSA. I already own RY, BNS, CM, BCE, T, EMA, FTS, H, CPX, BEP, BIP, ENB, PPL, TRP. I could add to any of these if necessary but hope you could suggest some new ones I have "missed".
Thank you....... Paul W. K.
I feel that I need to sell my Canadian Utilities as despite the nice 5.21% dividend with a 9 year streak rising annually, long term there seems to be no significant share price growth. I had thought they would do much better after getting off coal but evidently not. Is there any point in keeping CU in my TFSA other than just for the dividend?
Could you please suggest your best 8 Canadian Blue Chip stocks with dividends over 5% that I don't already own, and that come with steadily rising dividends and enough growth to justify putting them in my TFSA. I already own RY, BNS, CM, BCE, T, EMA, FTS, H, CPX, BEP, BIP, ENB, PPL, TRP. I could add to any of these if necessary but hope you could suggest some new ones I have "missed".
Thank you....... Paul W. K.
5i Research Answer:
Oops.. we did answer the CPX version before seeing this. But our answer does not really change. We think CU is 'better' overall than CPX but is is also twice as expensive on valuation, and also does not have huge growth potential.