Pays an attractive 5.1% yield. Interest rates are still low. The business has held up well vs. its peers where other utilities have sold off (i.e. Emera). AQN is spending money on growing its capacity and doing acquisitions. It's an integrated name from generation to distribution. They raised $2.5 billion last year that will fuel growth. They took 25% ownership in Atlantica Yield to get into the clean energy space. AQN is diversified. It's neither cheap or pricey, trading at 15x. It's part of an overall balanced portfolio.

As with many other small startup utilities in Canada, they have done quite well with alternative energy. He thinks that current governments are likely to reduce or stop their subsidies, which will affect the growth of these companies. Algonquin’s dividend is dividend is 4.9%. It seems reasonably priced. They have some backlog, so there is no reason to fear this stock. He would prefer a slightly higher yield for his dividend fund.

He owns this for the 5% dividend. AQN isn't pure-play renewables (they own a bit of nat gas). He's happy if this moves sideways and stays steady. AQN has a large portfolio and you can own this for the long term.