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Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
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Top pick Linamar Corp. is trading cheaply despite delivering higher sales and profits.
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.
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MCCORMICK & CO. INC. $93 (New York symbol MKC; Income Portfolio, Consumer sector; Shares outstanding: 115.4 million; Market cap: $10.7 billion; Price-to-sales ratio: 3.8; Dividend yield: 1.8%; TSINetwork Rating: Average; www.mccormick.com) makes spices, herbs, seasonings and flavours. The company earned $449.5 million in the fiscal year ended November 30, 2015, up 1.8% from $441.6 million in 2014. Due to fewer shares outstanding, per-share earnings rose 3.3%, to $3.48 from $3.37. Sales rose just 1.3%, to $4.3 billion from $4.2 billion. That’s a 6.4% gain when currency exchange rates are factored out. McCormick aims to save a total of $400 million over the next four years, mainly through job cuts and new, more efficient manufacturing equipment. However, the stock is expensive at 25.2 times the $3.69 a share that the company expects to earn in fiscal 2016....
BUCKEYE PARTNERS L.P. $60(www.buckeye.com) operates 9,600 kilometres of pipelines in the northeastern and midwestern U.S. Its network pumps gasoline, jet fuel and other petroleum products. The partnership also owns oil and gas storage terminals. Buckeye continues to benefit from oil producers that opt to store their crude instead of selling it at today’s low prices....
CEDAR FAIR L.P. $57(www.cedarfair.com) has increased its quarterly distribution by 10.0%, to $0.825 a unit from $0.75. The new annual rate of $3.30 yields 5.8%. Buy.
DUN & BRADSTREET CORP. $94 (New York symbol DNB; Conservative Growth Portfolio, Finance sector; Shares outstanding: 36.1 million; Market cap: $3.4 billion; Price-to-sales ratio: 2.1; Dividend yield: 2.1%; TSINetwork Rating: Average; www.dnb.com) is the world’s largest provider of credit reports on individual companies. Established in 1841, its database contains information on 240 million businesses in over 200 countries. Clients use these reports to make lending and purchasing decisions and to limit their credit losses. The company gets 60% of its revenue from credit reports. The remaining 40% comes from other information products, such as software businesses use to manage websites and customer data....