Trustpower is a renewable energy operator paying reliable dividends.
Trustpower looks relatively good value at the current price of NZD 4.60 per share, trading 19% below our valuation and offering an attractive yield around 7% close to fully imputed for New Zealand residents. With headwinds to earnings combined with plans to reduce its relatively high financial leverage, dividends are likely to remain flat at around NZD 32 cents per share for at least a few years. But growth should resume over the longer term, making Trustpower attractive for patient investors. W...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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