Charles Morand 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.
|Waterfurnace Renewable Energy||WFFIF.PK||3.27%||Geothermal Heat Pumps||Wind and Heat Pumps|
|New Flyer Industries||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.