Profitable 'green' investing.

[trof]

I bought shares in a couple of Canadian Income Trusts yesterday, Algonquin Power and Macquarie Power and Infrastructure.

Both are invested in renewable power; hydro, biomass, wind, and co-generation. So I can feel all warm and fuzzy about it.

BUT...at current prices, these shares are ALSO returning 12-13% annually in dividend payments.
Sweet.

[diane in sf]

1. Thanks, I'll check them out.

[trof]

2. Hard to find much info. Most analysts don't track them.

S&P rates them 'hold' as opposed to 'buy' or 'sell'.
But that's based more on anticipated share price increases.
I'm not interested in the shares going up, just collecting the dividends.

[diane in sf]

3. Do you have specific symbols? There are a bunch of Algonquins, thank you!

[trof]

4. Here are the Schwab trading symbols

I think the funds sell on the Toronto exchange and the symbols are a little different there. But for me to buy them through my Schwab account I have to use the following symbols:
AGQNF
Algonquin Power Income Fund

MCQPF
Macquarie Power & Infrastructure Fund

Here's where I found out about them.
http://www.investcom.com/cgi-bin/nameindustry/incometrust.cgi?ID=1&string=Power&exact=&IND=&CAT=&SCT=yes