Are REITs and Utilities Good Dividend Investments? [View article]
I like your model but for the Utilities I would use other debt metrics instead of the % of debt to capital. I'd use net debt to EBITDA levels instead and interest coverage. I'd make sure that the companies generage sufficient EBITDA to maintain their credit ratings. In the case of PGN you'd see the company is a little bit stretched over the next couple of years, especially given their nuclear projects coming down the road.
Are REITs and Utilities Good Dividend Investments? [View article]