Charles recently recommended a few dividend paying alternative energy companies as safe havens in the current turmoil. Since I’ve been thinking along the same lines, I thought I’d add my own picks. I currently like energy efficiency companies with solid balance sheets, because I believe that Obama’s fiscal stimulus will contain significant money for green, energy-efficiency related jobs.
That said, here are two I’d add to Charles’ list. These two also have the advantage of being pure-play (or nearly pure-play) bets on clean energy.
| Name | Ticker | Yield | Focus | Related Articles |
| Waterfunace Renewable Energy | WFI.TO, WFFIF.PK | 3.27% | Geothermal Heat Pumps | Wind and Heat Pumps |
| New Flyer Industries | NFI-UN.TO, NFYIF.PK | 17.7% (based on 12x last monthly distribution) | Bus manufacture | New Flyer Industries |
The New Flyer yield is not strictly a dividend payment. This is an "income deposit security" paying a blend of interest on a subordinated bond plus a cash dividend. The dividend varies from month to month, based on earnings, but currently about two-thirds of the distribution is interest.
DISCLOSURE: Tom Konrad has owns shares of WFI and NFI-UN.
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2 Dividend Paying Energy Efficiency Picks
Tom Konrad ( AltEnergyStocks ) submits: Charles Morand recently recommended a few dividend paying alternative