Canadian Dividend Stocks
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Enbridge continues to build new oil and gas pipelines. These are expensive projects, but the company’s regulated businesses give it lots of cash flow to keep expanding and raising its dividend.
ENBRIDGE INC. $34.46 (Toronto symbol ENB; Shares outstanding: 760.0 million; Market cap: $26.2 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.enbridge.com) gets 80% of its revenue by operating pipelines …read more »
TORSTAR CORP. $10.24 (Toronto symbol TS.B; Shares outstanding: 79.6 million; Market cap: $815.1 million; TSINetwork Rating: Above Average; Dividend yield: 4.9 %; www.torstar.com) formed a 50/50 joint venture with Sweden’s Metro International S.A. in 2005.
This business publishes free daily newspapers for commuters in Toronto, Ottawa, Vancouver, Calgary and Edmonton. In April 2011, the joint venture launched new free papers in …read more »
LOBLAW COMPANIES $38.50 (Toronto symbol L; Shares outstanding: 298.5 million; Market cap: $11.5 billion; TSINetwork Rating: Above Average; Dividend yield: 2.2%; www.loblaw.ca) started selling mobile phones and prepaid plans under the President’s Choice Mobile brand in 2005. It sells these products through self-serve kiosks in about half of its 1,000 supermarkets.
Loblaw now plans to open full-service mobile phone shops in …read more »
BANK OF NOVA SCOTIA $51.97 (Toronto symbol BNS: Shares outstanding: 1.1 billion; Market cap: $57.2 billion; TSINetwork Rating: Above Average; Div. yield: 4.0%, www.scotiabank.com) has agreed to buy 51% of Banco Colpatria, Colombia’s fifth-largest bank, with 175 branches and 308 ATMs.
Bank of Nova Scotia will pay $500 million U.S. plus 10 million common shares. That gives the deal a value …read more »
PEYTO EXPLORATION & DEVELOPMENT CORP. $21.98 (Toronto symbol PEY; Shares outstanding: 133.1 million; Market cap: $2.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.3%; www.peyto.com) produces and explores for oil and natural gas in Alberta. The company converted from an income trust to a dividend-paying stock on December 31, 2010.
Peyto’s average daily production of 34,443 barrels of oil equivalent (including …read more »
ENCANA CORP. $21.05 (Toronto symbol ECA; Shares outstanding: 737.6 million; Market cap: $15.5 billion; TSINetwork Rating: Average; Dividend yield: 3.7%; www.encana.com) aims to triple its production of natural gas liquids (NGLs), such as propane and butane.
To that end, the company has entered into a new long-term processing deal with PEMBINA PIPELINE $27.17 (Toronto symbol PPL; Shares outstanding: 165.7 million; Market …read more »
CAE INC. $9.67 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 257.2 million; Market cap: $2.5 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.7%; TSINetwork Rating: Average; www.cae.com) makes military and airline flight simulators. It also runs pilot-training schools.
CAE continues to apply its simulator expertise to new fields, such as medical training. It recently bought Florida-based Medical …read more »
BOMBARDIER INC. (Toronto symbols BBD.A $4.10 and BBD.B $4.01; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $6.8 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.4%; TSINetwork Rating: Average; www.bombardier.com) is the world’s third-largest commercial-aircraft maker, behind Boeing and Airbus. It is also the world’s largest passenger railcar manufacturer.
In the three months ended July 31, 2011, …read more »
TORSTAR CORP. $8.97 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 79.5 million; Market cap: $713.1 million; Price-to-sales ratio: 0.5; Dividend yield: 5.6%; TSINetwork Rating: Above Average; www.torstar.com) publishes The Toronto Star, which is Canada’s largest daily newspaper by circulation. The company also publishes three other daily newspapers and over 100 weeklies, mainly in southern Ontario. Torstar’s newspaper …read more »
TRANSCONTINENTAL INC. $12 (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 81.0 million; Market cap: $972.0 million; Price-to-sales ratio: 0.5; Dividend yield: 4.5%; TSINetwork Rating: Average; www.transcontinental.com) is the largest commercial printer in Canada, and the fourth-largest in North America. Its printing operations provide two-thirds of its revenue.
The remaining third comes from publishing over 170 newspapers and magazines. …read more »