Atlantic Power Corporation Offers A Secure, Monthly Dividend
By Todd Johnson:Atlantic Power Corporation (AT) is a relatively new name to dividend seekers. The Boston-based company pays a monthly dividend at an attractive 7.9% annual yield. Atlantic Power Corporation operates various operations of power generation and provides infrastructure resources throughout the U.S. It sells electrical energy to utilities and large scale retail companies under long-term purchase contracting agreements. In a slowing economy, Atlantic Power Corporation provides a necessary utility function to customers. In addition, the company pays a compelling dividend yield compared with the prevailing Treasury Bill and Treasury Bond rates. The common stock pays a .0912-cent, per month, dividend. This equates to a $1.10 annual dividend. The yield is approximately 7.9% on today's $14.00 per share stock price.
Here is a look at Atlantic Power's diverse asset base:
Atlantic Power Corporation's mission statement clearly says that when it comes to corporate strategy, it strives for theComplete Story »