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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BCE now trades close to its all-time highs. That’s mainly because its wireless revenue continues to grow steadily, rising 26.5% from $4.9 billion in 2010 to $6.2 billion in 2014. At the same time, wireline revenue fell from $10.7 billion to $10.0 billion as land-line phone users continue to switch to wireless. However, BCE’s Fibe Internet and TV services are spurring new demand for its fibre optic land lines. This is a big growth market for the company. BCE INC. $57.50 (Toronto symbol BCE; Shares outstanding: 848.1 million; Market cap: $48.8 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. It also offers satellite and Internet TV across the country. In the three months ended September 30, 2015, BCE’s earnings per share rose 12.0%, to $0.93 from $0.83 a year earlier. Revenue increased 2.9%, to $5.3 billion from $5.2 billion....
MANITOBA TELECOM SERVICES INC. $29.57 (Toronto symbol MBT; Shares outstanding: 79.3 million; Market cap: $2.3 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.mts.ca) has agreed to sell its Allstream division, which offers telephone, Internet and other communication services to businesses across Canada. Allstream supplies 40% of Manitoba Telecom’s revenue. The remaining 60% comes from its MTS division, which has 1.3 million telephone and wireless customers in Manitoba. The buyer is U.S.-based Zayo Group (New York symbol ZAYO), which will pay $465.0 million. Manitoba Telecom will probably use some of the proceeds to pay down its long-term debt of $677.1 million, which is equal to 29% of its $2.3-billion market cap (or the value of all outstanding shares)....
CANADIAN REIT $41.74 (Toronto symbol REF.UN; Units outstanding: 72.9 million; Market cap: $3.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.3%; www.creit.ca) owns 198 properties, including retail, industrial and office buildings, across Canada and in Chicago. These holdings contain 24.9 million square feet of leasable area. The trust’s occupancy rate is 94.7%. In the three months ended September 30, 2015, Canadian REIT’s revenue rose 4.5%, to $109.5 million from $104.8 million a year earlier. Cash flow per unit gained 2.7%, to $0.76 from $0.74. The trust aims to grow mostly by developing its own properties rather than through large acquisitions. Over the next few years, it’s spending $660 million to add 3.1 million square feet of space. To cut its risk, Canadian REIT takes on partners to help carry out big projects....
RIOCAN REAL ESTATE INVESTMENT TRUST $24.99 (Toronto symbol REI.UN; Units outstanding: 319.9 million; Market cap: $8.2 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.riocan.com) has settled its dispute with U.S.-based department store chain Target (New York symbol TGT). In April 2015, Target closed all 133 of its Canadian stores, including 26 in RioCan’s malls. So far, the trust has found new tenants for seven of these stores. It will have to remodel the other 19, but it expects to have them rented by the end of 2017. Target has now paid $132 million in compensation. Of that total, $92 million went to RioCan and $40 million went to its partners in some of these malls....