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These aren’t typical turnaround plays: discover 7 dividend-paying companies positioned for renewed growth under new leadership in TSI’s latest Globe and Mail column.
Top pick Finning International gives investors direct, high-quality exposure to multi-year critical mining expansions and global infrastructure spending.
Perimeter Solutions Inc. reported strong revenue and earnings as it benefits from its unique position in aerial retardants backed by a multi‑year government contract base.
T. Rowe Price Group trades cheaply despite offering a high 4.8% yield with a 40‑year dividend‑growth track record and net cash balance sheet.
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A history of sustainable dividends is one key characteristic of the best dividend paying stocks
There are several savings and investment options that stand out above any others when you are selecting the best investments for children.
MAPLE LEAF FOODS INC. $21 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 136.6 million; Market cap: $2.9 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.5%; TSINetwork Rating: Average; www.mapleleaf.ca) will soon complete a multi-year restructuring that mainly involves closing older meat-processing plants and shifting their operations to newer facilities. Thanks to these actions, Maple Leaf’s gross profit margin (gross profits as a percentage of revenue) jumped to 7.1% in the third quarter of 2015 from 0.5% a year earlier. However, the company has faced delays and higher-than-expected costs to start up these new plants, so it now expects to reach its goal of raising its gross profit margin to at least 10% in 2016 instead of 2015. Maple Leaf Foods is a hold.
BANK OF MONTREAL $77 (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 642.5 million; Market cap: $49.5 billion; Price-to-sales ratio: 2.9; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.bmo.com) is Canada’s fourth-largest bank, with $672.4 billion of assets. The bank has steadily expanded beyond Canada in recent years. For example, in 2011, it acquired Wisconsin-based banking firm Marshall & Ilsley for $4.0 billion in stock. That more than doubled the number of branches Bank of Montreal operates in the U.S. and added two million customers. In 2014, it paid $1.3 billion for U.K.-based wealth management firm F&C Asset Management, which sells investment services to individuals and institutional clients, such as pension plans and insurance companies....
ENBRIDGE INC. $50 (www.enbridge.com) is paying $750 million for 24.9% of the 400-megawatt Rampion offshore wind project in the English Channel. To put that price in context, Enbridge earned $399 million, or $0.79 a share, in the third quarter of 2015....
We look at the world leader in methanol, Canadian growth stock Methanex, which has a good long-term outlook but concerns in the near term.