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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (14101)	2/1/2013 11:22:04 AM
From: Steve Felix	Respond to of 34328

Not really on my radar, but I do have 200 shares in my sisters account. Thanks for the heads up.

To: E_K_S who wrote (14101)	2/1/2013 2:05:01 PM
From: Steve Felix	1 Recommendation Read Replies (2) \| Respond to of 34328

Re: Atlantic Power For the moment at least I will sit tight. They will pay off some debt from the deal. Snips from their most recent conference call: Now I'd like to take a moment to discuss our Lake and Auburndale projects in Florida. As we previously disclosed, their power purchase agreements expire on July 31 and December 31, 2013, respectively. And we've always anticipated cash flows from both projects to be substantially lower after the expirations. For context, we have also guided investors to our Pasco project, a similar-sized project in Florida, which was recontracted under a tolling agreement in 2008 in order to provide an expectation of the possible magnitude of the decrease we anticipated at the Lake and Auburndale projects. We're also considering a possible sale of one or both of the assets as the prospect of low cash flows in the near term while electricity demand continues to recover. With the possibility of better economics over the longer-term, it looks more like our merchant plant investment, and it's not a good fit with our business model which is focused on contracted assets with stable cash flows. The anticipated decrease in cash flow after Lake and Auburndale's PPAs expire in '13 will be partially offset by increases to our annual cash flows from the new projects which include: $16 million to $19 million from Canadian Hills, starting in 2013; and $8 million to $10 million from Piedmont, also starting next year. In addition, we anticipate cash flow increases of $14 million to $18 million from our 50% interest in the Orlando project starting in 2014, after the expiry of its gas supply contract. These aggregate increases total $38 million to $47 million. In addition, we expect there'll be further contributions from ongoing accretive acquisitions and dispositions, which further support the company's continued ability to pay its dividend. I'd like to emphasize the company will continue to focus on delevering gradually over time Nelson Ng - RBC Capital Markets, LLC, Research Division Most of my questions have been answered, so I just have a few. Regarding the dividend sustainability, how far do you look ahead in terms of like whether it's like a few months or whether it's several years, like how far do you look ahead when you assess the sustainability? Barry E. Welch - Chief Executive Officer, President and Director Well, when we're doing our long-term planning together with the board on a periodic basis, we look at very long-term projections of cash flows. So obviously, the uncertainty increases on all of the assumptions that go into those projections, when you go out over time, including how you're existing assets are going to perform. And then, very importantly, how the growth assumptions are going to play out in terms of both the amount of capital deployed, the amount of accretion available, the mix of projects. So we end up looking at quite a few scenarios around those types of assumptions to see what things to look at. But it's quite a long-term projection that we used to take that look.

To: E_K_S who wrote (14101)	2/28/2013 9:54:07 PM
From: Steve Felix	Read Replies (1) \| Respond to of 34328

AT 7:27 PM Atlantic Power ( AT) expects pay out ratio of approx. 65% to 75% in FY13 and 75% to 85% in FY14. The company plans to reduce monthly dividend by C$0.033/share. Shares -14.7% AH. AT 7:19 PM Atlantic Power ( AT): Q4 EPS of -$0.50 misses by $0.47. Project Revenue of $113.9M. Shares -11.7% AH. As a result of this review, the Board, with management's recommendation, has unanimously approved a reduction in the annual dividend level to Cdn$0.40 per share, or Cdn$0.03333 per share on a monthly basis. The new dividend level will commence with the March 2013 dividend to shareholders of record on March 28, 2013. Shareholders of record as of that date will receive a dividend of Cdn$0.03333 per share on April 30, 2013. The February 2013 dividend of Cdn$0.09583, declared on February 15, 2013, will be paid on March 28, 2013 to shareholders of record on February 28, 2013.