Utilities on Sale!

"If you want to buy stocks, why would you want the price to rise?" - Warren Buffett

During the recent correction last week some of the babies were getting thrown out with the bath water. One of those babies were EMA.TO Emera Utilities.

Meanwhile the price was going down but the yield was rising. It is that yield + the dividend growth that will help fund retirement. It's about the future but also the price you pay for the asset today. Today it's on sale. I bought another 100 shares today and now hold Emera across 4 different accounts.

Emera sports a 4.8% yield where it hasn't been for almost 8 years and also has a dividend growth record over the last 5 years of  9%.

That is a 14% rise per year in your investment in a boring old utility company. You don't have to go way out on that risk curve to make money. You just have to look for stocks that are being tossed out like dirty dishwater.

Stocks like EMA are on sale - 52 week high of $49.48, Today's purchase was @ $41.37

I will highlight other utility companies like CU, FTS and ACO.X in the coming days which I also believe are great adds right here.