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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Falling commodity prices have hammered Sherritt International’s stock, but at under $1, this established producer has a lot to offer.
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).
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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).
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ISHARES MSCI SOUTH KOREA INDEX FUND $ISHARES MSCI SOUTH KOREA INDEX FUND55.29 (New York symbol EWY; buy or sell through brokers) has rebounded from the low of $42.94 it dropped to in August 2015.
That’s because the South Korean economy grew at its fastest pace in five years in the third quarter of 2015, boosted by higher domestic demand after a big government stimulus program. That offset slowing exports caused by slowing demand, particularly in China.
The South Korean government launched the stimulus spending after an outbreak of Middle East respiratory syndrome cut heavily into tourism and consumer spending in the second quarter.
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That’s because the South Korean economy grew at its fastest pace in five years in the third quarter of 2015, boosted by higher domestic demand after a big government stimulus program. That offset slowing exports caused by slowing demand, particularly in China.
The South Korean government launched the stimulus spending after an outbreak of Middle East respiratory syndrome cut heavily into tourism and consumer spending in the second quarter.
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ISHARES MSCI JAPAN INDEX FUND $12.34 (New York Exchange symbol EWJ; buy or sell through brokers; us.ishares.com) is an ETF that tries to match the return of the Morgan Stanley Capital International (MSCI) Japan index. The fund’s top holdings include Toyota, 5.8%; Mitsubishi UFJ Financial, 2.9%; Honda Motor, 1.9%; Softbank Corp., 1.8%; Sumitomo Mitsui Financial, 1.8%; Mizuho Financial Group, 1.4%; KDDI Corp. (telecom), 1.4%; Takeda Pharmaceutical, 1.3%; Japan Tobacco, 1.3%; and Sony Corp., 1.2%.
Japan’s economy shrank 1.6% in the second quarter of 2015, mostly on lower consumer spending. The government raised the country’s sales tax to 8% from 5% on April 1, 2014, to raise funds to pay down debt. However, its ongoing stimulus package has only partly offset the resulting fall in consumer spending.
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