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Teck Resources Ltd. is a solid bet on higher copper prices with its big merger winning approvals
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
These aren’t space startups: discover 7 dividend-paying aerospace and defense contractors tied to NASA’s Artemis mission (from TSI’s latest Globe and Mail column).
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PFIZER INC., $33.58, New York symbol PFE, is one of the world’s leading prescription-drug makers. Its top-selling brands include Lyrica (epilepsy), Celebrex (arthritis pain) and Enbrel (plaque psoriasis, rheumatoid arthritis). The company also makes over-the-counter medications and supplements, including Advil (pain relief), Centrum (vitamins) and Robitussin (cough syrup). In the three months ended March 31, 2016, earnings jumped 30.0%, to $4.2 billion from $3.2 billion a year earlier. Due to fewer shares outstanding, earnings per share gained 31.4%, to $0.67 from $0.51. That beat the consensus estimate of $0.55....
SUNCOR ENERGY INC., $33.84, Toronto symbol SU, has had to reduce production at its main oil sands operations about 25 kilometres north of Fort McMurray, Alberta, due to severe wildfires. In the quarter ended March 31, 2016, these operations accounted for 95% of Suncor’s bitumen production. The fires have also slowed production at the Syncrude oil sands facility, about 35 kilometers north of Fort McMurray. Suncor recently purchased an additional 5.0% interest in the operation. It now owns 53.74% of project. Its latest share purchase was for $937 million. That’s equal to 1.4 times the company’s first quarter cash flow of $682 million, or $0.45 a share....
LOBLAW COMPANIES $70.28 (Toronto symbol L; Shares outstanding: 410.2 million; Market cap: $28.3 billion; TSINetwork Rating: Above Average; Dividend yield: 1.5%; www.loblaw.ca) currently operates over 1,100 supermarkets and 1,300 Shopper Drug Mart pharmacies across Canada. In the three months ended March 26, 2016, Loblaw earned $338 million, or $0.82 a share. That’s up 12.3% from $301 million, or $0.72, a year earlier. Sales rose 4.8%, to $13.9 billion from $13.6 billion. Excluding gas station revenue, same-store sales rose 2.6% at Loblaw. They rose 6.3% at Shoppers Drug Mart. The company now plans to spend $1 billion to open 50 new locations and renovate 150 stores. Choice Properties REIT (Toronto symbol CHP.UN) will contribute an additional $300 million to the construction projects. Loblaw owns 83.0% of the REIT, which gets 91% of its rental revenue from its supermarkets and drug stores....
MANITOBA TELECOM SERVICES $37.43 (Toronto symbol MBT; Shares outstanding: 78.3 million; Market cap: $2.9 billion; TSINetwork Rating: Average; Dividend yield: 3.5%; www.mts.ca) has attracted a $3.1 billion takeover offer from BCE Inc. (see page 38). Under the deal, Manitoba Tel shareholders can choose either $40 in cash or 0.6756 shares of BCE for every MBT share they hold. However, BCE plans to limit its overall cash spending, so most Manitoba Tel investors will likely receive 55% of their payout in stock and the remainder in cash....