MANITOBA TELECOM $24.73 - Toronto symbol MBT

MANITOBA TELECOM $24.73 (Toronto symbol MBT; Shares outstanding: 78.1 million; Market cap: $1.9 billion; TSINetwork Rating: Average; Dividend yield: 6.9%; www.mts.ca) earned $0.31 a share in the three months ended December 31, 2014. That’s a big improvement over the year-earlier quarter, when writedowns and other unusual charges led to a loss of $1.25 a share. Overall revenue fell 0.9%, to $404.8 million from $408.5 million.

The company is now conducting a strategic review to spur long-term profit growth. This could lead to asset sales or other moves, including cutting its $1.70-a-share dividend, which yields 6.9%.

Manitoba Telecom is still a hold.

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