A bigger future than ‘just’ utilities? Here are 5 dividend-paying battery storage and energy infrastructure leaders featured in TSI’s latest Globe and Mail column.
Conagra Brands Inc. offers a very high 10.7% yield while trading at a discount, but the underlying business should benefit from innovation.
Top pick Russel Metals Inc. offers a solid 2.8% payout while trading cheaply despite strong revenue and the stock hitting all-time highs.
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SYMANTEC CORP., $21.60, Nasdaq symbol SYMC, sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers. In 2014, the company said it would split into two publicly traded firms. One would keep the Symantec name and focus on antivirus and security software and services. The other, called Veritas Technologies, would consist of Symantec’s information-management business, which makes products for data backup and recovery. However, the company has now decided to sell Veritas to a group of private investors for $8.0 billion. It expects to close the deal on January 1, 2016....
CAE INC., $14.81, Toronto symbol CAE, earned $50.6 million in its fiscal 2016 first quarter, which ended June 30, 2015, up 15.5% from $43.8 million a year earlier. Earnings per share rose at a slower pace of 11.8%, to $0.19 from $0.17, on more shares outstanding. That beat the consensus estimate of $0.18. Revenue gained 5.9%, to $557.0 million from $526.2 million, but that fell short of the consensus forecast of $571.1 million. About 90% of the company’s revenue comes from overseas, so it’s benefiting from the lower Canadian dollar. CAE gets 60% of its sales by selling flight simulators and pilot-training services to airlines, and this business’s revenue rose 8.8%. The company sold eight simulators during the period and expects its full-year total to be near the 41 it sold in fiscal 2015....
Our take on whether Germany’s demand for more wind power will keep cash flowing for high-yielding Canadian dividend stock Northland Power.
Oil prices have dropped 50% in the past year, but Imperial Oil’s shares are down just 10%. That’s mainly because cheaper crude cuts its refineries’ input costs and increases their profit margins. New oil sands projects are also adding to its production. In addition to low oil prices, Imperial faces potentially higher royalties and tougher environmental regulations. Still, we feel the company’s high-quality reserves will help it overcome these short-term challenges. Plus, its operating costs per barrel will keep falling as its new projects reach full capacity....