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ATCO Ltd. (TSX: ACO.X) raises dividend payout in 2Q2023 despite 4.9% drop in revenue
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Highlights
Canadian holding company ATCO Ltd. (TSX: ACO.X) provides infrastructure, electric, and gas solutions through diverse primary segments, namely Utilities; Energy Infrastructure; Structures and Logistics; Neltume Ports and Corporate and Other. The company secures maximum revenue from its largest subsidiary of Canadian utilities which offers electricity, natural gas, and logistical services.
An insight into ATCO’s projects
ATCO has started full commercial operations at its Barlow solar project recently. For the Deerfoot solar project, the company is anticipating commencement of energization in Q3 2023, while the commercial operations at the project are likely to begin in Q4 2023. Once both the projects are 100% functional, ATCO will become host to the largest solar installations in Western Canada.
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