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Teck Resources Ltd. is a solid bet on higher copper prices with its big merger winning approvals
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.
These aren’t space startups: discover 7 dividend-paying aerospace and defense contractors tied to NASA’s Artemis mission (from TSI’s latest Globe and Mail column).
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AMERICAN EXPRESS CO. $55 (New York symbol AXP, Conservative Growth Portfolio, Finance sector; Shares outstanding: 969.0 million; Market cap: $53.3 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.1%; TSINetwork Rating: Average; www.americanexpress.com) is one of the world’s largest issuers of payment cards, with 117.8 million cards outstanding in over 130 countries. Amex issues two types of cards: charge cards, which have no preset spending limit and must be paid in full each month; and traditional credit cards, which let users carry a balance. The company is also a bank that accepts deposits and makes loans. It cuts its credit risk by mainly catering to clients with above-average incomes and good credit histories. Amex wrote off just 1.9% of its U.S. loans in 2015, up slightly from 1.8% in 2014. Its international write-off rate crept up to 2.2% from 2.1%....
On June 29, 2015, the old Gannet spun off its newspaper operation as a separate company that would keep the Gannett name (see box). Gannett’s broadcasting and Internet unit was then renamed Tegna. Under the deal, for every two shares investors held, they received one share of the spinoff company and two shares in Tegna. Both firms are now improving their prospects through acquisitions and new alliances. These deals will also help them maintain their current dividends....
On June 29, 2015, the old Gannet spun off its newspaper operation as a separate company that would keep the Gannett name (see box). Gannett’s broadcasting and Internet unit was then renamed Tegna. Under the deal, for every two shares investors held, they received one share of the spinoff company and two shares in Tegna. Both firms are now improving their prospects through acquisitions and new alliances. These deals will also help them maintain their current dividends....
GANNETT CO., INC. $14 (New York symbol GCI; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 115.4 million; Market cap: $1.6 billion; Price-to-sales ratio: 0.6; Dividend yield: 4.6%; TSINetwork Rating: Average; www.gannett.com) publishes daily newspapers in 92 U.S. markets, including its flagship paper, USAToday, and 19 dailies in the U.K. The company recently agreed to buy Journal Media Group (New York symbol JMG), which publishes 15 dailies and 18 weeklies in nine states. The purchase price is $280 million, which includes Journal’s cash holdings. Gannett expects to close the deal in the first quarter of 2016. The purchase will add $0.10 to $0.15 a share to Gannett’s earnings in the first year; the company will likely earn $1.66 a share in 2016, and the stock trades at 8.4 times that estimate. Savings from combining printing plants and other operations should increase Gannett’s earnings by $0.20 to $0.25 a share in the second year. The $0.64 dividend seems secure and yields 4.6%....