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Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
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DOMINO’S PIZZA $131.85 (New York symbol DPZ; TSINetwork Rating: Average) (734-930-3008; www.dominos.com; Shares outstanding: 49.9 million; Market cap: $6.5 billion; Dividend yield: 1.2%) has opened its 1,000th store in India, its fastest-growing international market. That’s up from 900 this past summer. The newest store is located in the Unity One Mall, in the capital of Delhi. Domino’s has more stores in India than in any other market outside the U.S. It’s also the largest pizza brand in India. The master franchisee for India is Jubilant FoodWorks, which first brought Domino’s to India in 1995....
CHEMTRADE LOGISTICS INCOME FUND $17.46 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics .com; Units outstanding: 69.1 million; Market cap: $1.2 billion; Dividend yield: 6.9%) reports that in the three months ended December 31, 2015, its revenue rose 7.1%, to $335.7 million from $313.3 million a year earlier. The gain mainly came from the higher U.S. dollar, which increased the contribution from the trust’s operations in that country. Overall cash flow fell 23.5%, to $38.1 million from $49.8 million. Cash flow per share fell 28.6%, to $0.55 from $0.77, on more shares outstanding. The declines came from one-time maintenance expenditures and a $10.2 million benefits plan settlement gain a year ago. Chemtrade’s high distribution looks safe; it pays monthly distributions of $0.10 a unit, for a 6.9% yield....
DEVON ENERGY $26.22 (New York symbol DVN; TSINetwork Rating: Speculative) (405-235-3611; www.dvn.com; Shares outstanding: 510.3 million; Market cap: $12.5 billion; Dividend yield: 0.9%) is undertaking a number of measures to conserve cash and shore up its balance sheet while it waits for oil and gas prices to recover. The company plans to cut its workforce by 20%. This will save it up to $500 million a year when combined with other cost cutting. Devon will also reduce its quarterly dividend by 75%, to $0.06 from $0.24. The shares now yield 0.9%. The dividend cut will save it $320 million a year. Devon plans to lower its exploration and development spending this year, to between $900 million and $1.1 billion. That’s down 75% from 2015. As well, the company will sell as many as 79.4 million shares at $18.75 each to raise $1.5 billion....
STANTEC INC. $30.47 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 94.4 million; Market cap: $2.8 billion; Dividend yield: 1.5%) continues to grow by acquisition. Its latest is Bury Inc., a 300-person building design firm based in Austin, Texas. Bury’s recent projects include the George W. Bush Presidential Library in Dallas, and the redevelopment of Arizona State University’s Tempe campus. Stantec cuts its costs by sharing administrative expenses, financing and employee benefits among its divisions. But continually buying new firms adds risk, including the risk of writedowns....