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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ANDREW PELLER LTD. (Toronto symbols ADW.A $28 and ADW.B $30; Income Portfolio, Consumer sector; Shares outstanding: 14.3 million; Market cap: $406.4 million; Price-to-sales ratio: 1.2; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.andrewpeller.com) is Canada’s second-largest wine producer, after Constellation Brands. It accounts for 14.2% of the country’s wine sales, and 37.1% of wines produced in Canada. Peller continues to benefit from strong sales of its premium-priced brands. These include its 2011 deal with hockey star Wayne Gretzky to make and distribute wines under his name. This brand is now one of the best-selling wines in Canada. To keep up with strong demand for Gretzky wines, the company is building a new winery next to its existing operation in the Niagara region of Southern Ontario. This new facility will open in the spring of 2017....
CANADIAN NATIONAL RAILWAY CO. $81 (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 786.4 million; Market cap: $63.7 billion; Price-to-sales ratio: 5.0; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway. Its network stretches across the country and through the U.S. Midwest to the Gulf of Mexico. The company has agreed to repurchase up to 11.2 million of its shares from a private seller at a discount to the market price. It aims to complete this transaction by September 9, 2016. The move is part of CN’s plan to buy back up to 33.0 million of its common shares, or roughly 5% of the total outstanding, by October 29, 2016. Share buybacks raise earnings per share and other per-share calculations. That gives the remaining shareholders a larger stake in the company....
Bombardier and BlackBerry (see box) continue to struggle with strong competition and shrinking sales. However, both are developing new products that should spur growth. As well, their sizable cash holdings help cut their short-term risk. BOMBARDIER INC. (Toronto symbols BBD.A $1.52 and BBD.B $1.43; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $2.3 billion; Priceto- sales ratio: 0.2; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) is the world’s third-largest maker of commercial aircraft, after Boeing and Airbus. It’s also a leading maker of passenger railcars. The company recently formed a joint venture with the government of Quebec to build its new CSeries passenger jets....
GREAT-WEST LIFECO INC. $35 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 993.2 million; Market cap: $34.8 billion; Priceto- sales ratio: 1.0; Dividend Yield: 3.9%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial (Toronto symbol MFC). In the past few years, the company has expanded its presence in Ireland. In July 2013, it paid $1.75 billion for Irish Life, Ireland’s largest pension manager and life insurance provider. Irish Life recently announced two small acquisitions: it is buying Aviva Health, and increasing its stake in GloHealth from 49% to 100%. The company did not say how much it will pay, but these purchases will let it sell health insurance products to its Irish clients....