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BCE Inc. (BCE $32.06)
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TELUS Corporation (T $20.51)
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Fortis Inc. (FTS $70.50)
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Emera Incorporated (EMA $66.68)
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Algonquin Power & Utilities Corp. (AQN $7.83)
Q: Looking to deploy excess cash, mainly for dividends and some growth. I have room in both utilities and telecom sectors. If I compare the Utilities and Telecoms listed, it would seem from current valuations (Fwd PE versus historical PE average) and looking at share appreciation the past 5 years ( history of generating shareholder value) , 5yr dividend growth rates and expected revenue growth, the utilities group easily wins on all counts. Based on this analysis, I should be buying from my list of utilities before I start buying from the Telecom list. Do you agree with my conclusion? Should I add any additional analysis? Thank-you.