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  5. ACO.X: I am looking at ATCO for a slow and steady grower with a solid, safe dividend. [ATCO Ltd. Class I Non-voting Shares]
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Q: I am looking at ATCO for a slow and steady grower with a solid, safe dividend.

What are your current thoughts ?

Ken
Asked by Ken on February 26, 2024
5i Research Answer:

ACO.X is very cheap at 10X earnings, offering a solid 5.2% dividend, and its business is inherently stable. We would not expect much growth here but would consider it fine for income. Shares should do better as interest rates decline.

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