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.
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
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CANADIAN PACIFIC RAILWAY LTD., $189.30, Toronto symbol CP, ships freight over a 22,000-kilometre rail network between Montreal and Vancouver, with links to hubs in the U.S. Midwest and Northeast. The company reported 4.4% lower freight volumes in the latest quarter. That’s mainly due to weaker prices for oil, minerals and other commodities. They forced many producers in Canada and the U.S. to reduce their production and so their shipping. As more U.S. power utilities switch to natural gas, coal shipments have also suffered. In the three months ended March 31, 2016, CP’s revenue fell 4.4%, to $1.59 billion from $1.67 billion a year earlier. That missed the consensus forecast of $1.61 billion....
BROADRIDGE FINANCIAL SOLUTIONS $60.43 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 118.8 million; Market cap: $7.2 billion; Dividend yield: 2.0%) serves the investment industry in two main areas: investor communications, and securities processing and transaction clearing. It processes 90% of all proxy votes in the U.S. and Canada. Excluding one-time items, Broadridge earned $46.5 million in its fiscal 2016 first quarter, which ended December 31, 2015. That’s up 16.5% from $39.9 million a year earlier. Earnings per share rose 18.8%, to $0.38 from $0.32, on fewer shares outstanding. Revenue gained 11.1%, to $638.9 million from $574.6 million. Investor communications makes up 72% of Broadridge’s revenues. Back-office securities processing and transaction clearing make up the remaining 28%; they also provide the company with strong long-term growth prospects in the U.S. and globally....
STANTEC INC. $33.78 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 93.9 million; Market cap: $3.1 billion; Dividend yield: 1.3%) sells a range of consulting, project-delivery, design and technology services. Stantec has made a big acquisition that will give it a major global presence in the water infrastructure industry. It’s paying $795 million U.S. to buy MWH Global. The infrastructure firm has 187 offices in 26 countries. MWH Global works on a number of large water infrastructure projects around the world, including the Panama Canal Third Set of Locks project. It also develops dams, hydroelectric power plants, water treatment facilities, coastal restoration and environmental assessment programs....
PASON SYSTEMS $17.91 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 84.1 million; Market cap: $1.6 billion; Dividend yield: 3.8%) serves the drilling contractors of oil and gas firms in Canada, the U.S., Mexico and Argentina. The company provides them with rental equipment for monitoring and managing landbased oil rigs. Its systems also let clients remotely collect data from their drilling operations. For the three months ended December 31, 2015, Pason’s revenue fell 56.7%, to $59.8 million from $138.2 million a year earlier. A rise in the U.S. dollar partially offset the slowdown in oil and gas drilling. The company lost $841,000, or $0.01 a share, compared to a profit of $47.2 million, or $0.57, a year ago. The lower revenue was the main reason for the decline. Cash flow per share was positive, though it was down sharply, to $0.21 from $0.72....