Latest Stock Advice
Gen Digital Inc. is trading quite cheaply for a firm that just grew revenue nearly 26% while providing plenty of cash flow for innovation, dividends and buybacks.
H.B. Fuller Company’s consistent dividend growth and rising earnings offer a sound total‑return profile versus many industrial and chemical peers.
Top pick North West Company offers a 3.1% yield as a defensive retailer with entrenched remote markets.
Twilio Inc. adds AI capabilities to stay ahead of rivals and win more strategic multi-year partnerships.
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TD BANK $55.77 (Toronto symbol TD; Shares outstanding: 1.9 billion; Market cap: $103.5 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.td.com) is the first Canadian bank to use Visa’s new tokenization technology in its mobile banking app. This system uses encrypted “tokens” instead of credit card numbers and other account information. That helps protect sensitive client information from online intruders. It also speeds up mobile payments and other transactions. Better security should encourage more of TD’s customers to do their banking online. That would cut its costs as electronic transactions are cheaper to process than those in physical branches....
IMPERIAL OIL $40.37 (Toronto symbol IMO; Shares outstanding: 847.6 million; Market cap: $34.2 billion; TSINetwork Rating: Average; Dividend yield: 1.5%; www.imperialoil.ca) is raising its quarterly dividend by 7.1% with the July 2016 payment, to $0.15 from $0.14. The company has paid dividends every year for over a century and has increased its annual dividend payment for 21 consecutive years. Imperial Oil is a buy....
ENBRIDGE INC. $50.95 (Toronto symbol ENB; Shares outstanding: 924.3 million; Market cap: $47.5 billion; TSINetwork Rating: Above Average; Divd. yield: 4.2%; www.enbridge.com) has received Canadian regulatory approval to replace its Line 3 pipeline, which began operating in the 1960s. It pumps crude oil from Hardisty, Alberta, to Superior, Wisconsin. U.S. regulators have already approved the plan. The project will also enlarge the line’s capacity, from 390,000 barrels a day to 760,000 barrels. Enbridge expects to complete these upgrades by 2019. Regulators have imposed 89 conditions on the project—mainly additional measures to improve safety and environmental protections. But these conditions are unlikely to increase the project’s $7.5 billion cost....
CANADIAN PACIFIC RAILWAY $181.49 (Toronto symbol CP; Shares outstanding: 153.0 million; Market cap: $27.8 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.cpr.ca) has abandoned its plan to merge with U.S.-based railway Norfolk Southern Corp. (New York symbol NSC). Norfolk rejected CP’s latest offer of about $30 billion U.S. in cash and shares. In addition, U.S. transportation regulators probably would have blocked any deal no matter how CP structured the transaction. The company will now use some of the cash it had set aside for the takeover to raise its quarterly dividend by 42.9%, starting with the July 2016 payment. The new annual rate of $2.00 a share yields 1.1%....