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Canadian Utilities Limited (CU:CA) delivered a 33% total shareholder return, outpacing benchmarks, driven by regulated growth projects and Alberta's robust demand. CU:CA benefits from a constructive regulatory environment, major capital investments, and Alberta's population and industrial expansion, supporting a 5.4% rate base CAGR outlook. The 4.2% dividend yield remains well-covered, with a 54-year growth streak, though dividend increases have slowed and the current yield is below historical averages.
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