Robert Baillieul: Inter Pipeline Ltd (TSX: IPL)
Inter Pipeline Ltd (TSX: IPL) is about as
worry-free as they come. In short, if you’re tired of the market’s ups
and downs, this is the sort of stock you want to own. Not only does the
business see less volatility than most other companies, but it also can
be counted on to pay big fat dividends.
Inter Pipeline owns energy pipelines, terminals, and
storage facilities. These assets are like a toll bridge, shipping
commodities across Western Canada. No matter which direction energy
prices go, this company still gets paid.
In return for moving and storing these products, Inter Pipeline earns
growing fees that are passed on to investors. Management has hiked its
payout 10 times over the past decade. And today, the stock yields a
tidy 4.4%. (more)Please share this article
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