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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GOODYEAR TIRE & RUBBER CO. $27.93 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (330-796-2122; www.goodyear.com; Shares outstanding: 268.9 million; Market cap: $7.4 billion; Dividend yield: 1.0%) has just won a contract with the Boeing Co. (symbol BA on New York and a recommendation of Wall Street Stock Forecaster) to supply main nose and landing gear tires for Boeing’s new 777X aircraft, which is scheduled for delivery in 2019. So far, the 777X program has received orders and commitments for 306 planes. The airliner will use Goodyear’s Flight radial tire, which is lighter than earlier models and includes rigid tread belts and enhanced rubber that offer greater stability, a longer life and more resistance to cuts. The deal reinforces Goodyear’s strong position in the growing aircraft-tire market....
SHERRITT INTERNATIONAL $0.65 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704-6698; www.sherritt.com; Shares outstanding: 293.9 million; Market cap: $199.8 million; No dividends paid) owns 40% of the Ambatovy nickel mine on the island nation of Madagascar, off Africa’s east coast. The $5.3-billion U.S. project started up in 2015. However, nickel prices have fallen sharply, from $12.00 U.S. a pound in January 2011 to $3.87 today. To reflect the lower value of the mine’s reserves, Sherritt will now take a $1.6-billion after-tax writedown on the value of its Ambatovy stake. The charge will show up in its 2015 fourth-quarter results....
DREAM OFFICE REIT $14.31 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www.dream.ca/office; Units outstanding: 107.7 million; Market cap: $1.7 billion; Dividend yield: 15.7%) owns and manages 174 properties comprising 23.3 million square feet of office space in major Canadian cities. In Western Canada, the trust has 17% of its total square footage in Calgary and 20% elsewhere. In Eastern Canada, it holds 23% of its square footage in downtown Toronto, 18% in suburban Toronto and 22% elsewhere. Its occupancy rate is 91.6%. In the three months ended September 30, 2015, Dream’s revenue rose just slightly, to $202.4 million from $201.7 million a year earlier. Cash flow gained 2.5%, to $69.7 million from $68.1 million, while cash flow per unit fell 3.2%, to $0.61 from $0.64, on more units outstanding....
CHEMTRADE LOGISTICS INCOME FUND $14.83 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics .com; Units outstanding: 69.1 million; Market cap: $1.0 billion; Dividend yield: 8.1%) is one of North America’s largest providers of removal services for resource firms, such as oil refineries and base metal processors, whose operations create sulphur, acid and other by-products. Chemtrade converts these substances into useful chemicals, like sulphuric acid. In the three months ended September 30, 2015, the trust’s revenue rose 16.1%, to $364.4 million from $314.0 million a year earlier. The gain mainly came from the lower Canadian dollar, which increased the value of Chemtrade’s sales in the U.S. Overall cash flow rose 4.4%, to $67.2 million from $64.4 million, but cash flow per share declined 7.6%, to $0.97 from $1.05, on more shares outstanding....