TransAlta Renewables: Collect This 6.8% Dividend Blowing In On The Breeze
Published Apr 17, 2019 on Seeking Alpha

Investment Thesis
TransAlta Renewables Inc. (OTC:TRSWF) is a diversified regulated utility provider offering investors a steady 6.8% dividend yield. This attractive payout is a monthly dividend that has grown at a CAGR of 6% since 2013. The company has been steadily growing its asset base and generation capacity through development, acquisitions and drop downs from its parent company. TransAlta Renewables is a good option for investors seeking growing dividend income from a relatively low-risk investment.
Company Description
TransAlta Renewables is an electric and gas utility that owns and operates energy generation and transmission assets in Canada, the U.S. and Australia. TransAlta Renewables based in Calgary, Alberta is a sponsored vehicle of parent company TransAlta Corporation (TAC), which owns 61% of TransAlta Renewables. TransAlta Renewables was launched in 2013 by TransAlta to house the firm's long-term contracted gas and renewable assets. TransAlta Renewables trades as RNW on the Toronto Stock Exchange and has a market capitalization of $3.7B CAD exceeding that of its parent company, which has a current market capitalization of $2.7B CAD.

Caption: Wolfe Island Wind Farm, Source: TransAlta Renewables
TransAlta Renewables is one of the largest owners of wind farms in Canada, with 1,332 MW of capacity. In addition to wind farms across Canada and increasingly in the U.S., the firm owns natural gas electrical generation facilities in Canada and... Read more