Atlantic Power Corp (AT) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, AT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AT share price of $3.42 represents a price-to-book ratio of 0.7 and an annual dividend yield of 11.70% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 4.0% and trades at a price-to-book ratio of 2.0. The report also cited the strong monthly dividend history at Atlantic Power Corp, and favorable long-term multi-year growth rates in key fundamental data points.
This Utility Has A 11.70% Yield And Sells For Less Than Book
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