4 TSX Stocks That Could Raise Its Dividend Soon

Income-paying equities on our list exhibit high cash flow per share relative to its price

SmallCapPower | July 8, 2016: Dividend-seeking investors should look for stocks that are exhibiting high cash flows and have a sustainable, defensive business model in order to continue its payouts. To gauge this, we looked at relatively low price to cash flow per share multiples and found some dividend stocks that could very well increase its distribution soon.

Just Energy Group Inc. (TSE:JE) – $7.93
Natural Gas Utilities

Just Energy Group Inc. (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. Just Energy operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

• Market Cap: 1,167,270,450
• Revenues: 4,105,860,000
• Dividend Yield: 6%
• Price to Cash Flow/Share: 6.24

Caribbean Utilities Co Ltd. (TSE:CUP.U) – $15.6816
Electric Utilities

Caribbean Utilities Company, Ltd. is engaged in the generation, transmission and distribution of electricity in its license area of Grand Cayman, Cayman Islands. The Company provides these services pursuant to a 2-year exclusive year transmission and distribution license and a 25 year non-exclusive Generation license with the Cayman Islands Government, which expires in April 2028 and November 2039, respectively.

• Market Cap: 508,763,637
• Revenues: 237,066,100
• Dividend Yield: 5%
• Price to Cash Flow/Share: 6.48

Atlantic Power Corp. (TSE:ATP) – 3.26
Electric Utilities

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate. Atlantic Power’s power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,140 megawatts (MW), in which its aggregate ownership interest is approximately 1,500 MW.

• Market Cap: 215,285,203.21
• Revenues: 546,424,530
• Dividend Yield: 4%
• Price to Cash Flow/Share: 3.49

Etrion SA (TSE:ETX) – $0.30
Independent Power Producers

Etrion SA is a Switzerland-based independent power producer (IPP) that develops, builds, owns and operates utility-scale solar power generation plants. The Company owns 130 MW of installed solar capacity in Italy and Chile. Etrion also has 34 MW of solar projects under construction in Japan and is actively developing greenfield solar power projects in Japan and Chile.

• Market Cap: 114,570,744.63
• Revenues: 65,179,976
• Dividend Yield: 0%
• Price to Cash Flow/Share: 2.27

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