TransAlta Renewables - Greater Than 7% Dividend From Renewable Energy

TransAlta Renewables has been unfairly punished as a result of the oil crash. The company has some risk from its natural gas portfolio, but the risk isn't huge.
The company has an 11-year weighted average contract life, meaning reliable cash flow for shareholders.
The company has a history of rewarding shareholders. At the same time, the company is wrapping up a history of growth projects, which should result in more increases.
The company provides strong diversification for an energy portfolio.
TransAlta Renewables (OTCMKTS: OTC:TRSWF) is a renewable energy company with assets across the world. Along with the broader market sell-off, the company has seen its share price drop, although it has recovered respectably over the past week. The company currently yields more than 7%, in a low interest environment, backed up by its portfolio of renewable assets.
* for this article unless otherwise specified $ = CAD. Current exchange rate is 1 CAD = $0.74 USD

Renewable Energy - Student Energy
TransAlta Renewables Portfolio
Since many investors are unfamiliar with TransAlta Renewables, let's begin with a discussion of the company's portfolio.

TransAlta Renewables Overview - TransAlta Renewables Investor Presentation
TransAlta Renewables has a $5 billion enterprise value, although it's worth noting that this has dropped by ~$1 billion due to the company's market capitalization decline. The company is 61% owned by TransAlta (NYSE: TAC), which interestingly enough, is actually a smaller company by market capitalization with its $1.4 billion market capitalization.
It's important to note here that the companies are intrinsically tied together.
However, with that said, TransAlta Renewables has an impressive portfolio of hydro, wind, solar, and gas assets spread across Canada, the United States, and Australia. The company has substantial geographic diversification along with respectable diversification in its asset types. The... Read more