Image source: Getty Images
When it comes to utility investments, there are a few key players on the market. Those options largely comprise massive behemoths that have a storied history with billions in assets. They also provide a juicy dividend to investors, which is one of the reasons why investors flock to those investments.
Algonquin Power and Utilities(TSX:AQN)(NYSE:AQN) represents an underrated utility with plenty of upside.
Why you really need an Algonquin
The first thing that needs to be mentioned is that Algonquin isn’t your traditional utility. The company operates under two broad segments that cater to well over three million customers primarily in the U.S. but also the Caribbean. Those two segments include electricity generation and utility services.
Image source: Getty Images
Utilities are some of the best defensive investments to own. This is mainly because they offer a reliable revenue stream and a handsome dividend. The counter-argument to utility stocks includes the stereotypical view of them being boring and dirty. If only there were a clean utility stock that wasn’t boring!
But wait, there is such a stock. Let’s take a moment to talk about
Algonquin is not your average utility
The first thing that prospective investors should note is Algonquin’s structure. The company has two main segments, which provide a welcome element of diversification to investors.
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