Charles recently recommended a few dividend paying alternative energy companies as safe havens in the current turmoil. Since I’ve been thinking along the same lines, I thought I’d add my own picks. I currently like energy efficiency companies with solid balance sheets, because I believe that Obama’s fiscal stimulus will contain significant money for green, energy-efficiency related jobs.
That said, here are two I’d add to Charles’ list. These two also have the advantage of being pure-play (or nearly pure-play) bets on clean energy.
|Waterfunace Renewable Energy||WFI.TO, WFFIF.PK||3.27%||Geothermal Heat Pumps||Wind and Heat Pumps|
|New Flyer Industries||NFI-UN.TO, NFYIF.PK||17.7% (based on 12x last monthly distribution)||Bus manufacture||New Flyer Industries|
The New Flyer yield is not strictly a dividend payment. This is an "income deposit security" paying a blend of interest on a subordinated bond plus a cash dividend. The dividend varies from month to month, based on earnings, but currently about two-thirds of the distribution is interest.
DISCLOSURE: Tom Konrad has owns shares of WFI and NFI-UN.
DISCLAIMER: The information and trades provided here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.