If you ignored a buy in Nov last year and then again in Feb 2017 here I am telling you that Contact Energy Ltd [CEN.NZX] is a buy on today's market.
Why?
Because of certainty.
Certainty of dividends being returned to you. The shareholder.
Next year we are likely to see a whopping 23% increase in div's and further increases as the years drag on.
Why?
Contact Energy is no longer building extra capacity (they are likely too in the future but that looks to be five years off - at least).
So the capital that was going to infrastructure can now go to the (some would say long suffering - depending on where you bought your CEN shares and for how much - shareholder).
Its our turn now.
Buy CEN on weakness (there bound to be some) up to $6 or where you feel comfortable.
At current prices it is paying almost 6% PA.
Good luck.
CEN @ Share Investor
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