acquisition

We often remind our readers of the importance of brands to consumer companies like Procter & Gamble. Strong demand for its hygiene and cleaning products due to COVID-19 continues to fuel its earnings—and your dividend.


PROCTER & GAMBLE CO....

High-yielding utilities Brookfield and Pembina remain great choices for income-seeking investors. Not only do their dividends look sustainable, but their new projects set the stage for more increases over the next few years.


BROOKFIELD RENEWABLE PARTNERS L.P....

We continue to recommend that most Canadian investors hold at least two or three of Canada’s Big Five banks (TD Bank, Bank of Nova Scotia, CIBC, Bank of Montreal and Royal Bank). That’s mainly because of their importance to the Canadian economy, plus their long history of dividend increases.

I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on TD Bank....

WYNDHAM DESTINATIONS INC. $49.49 is a buy. Through the stock (New Yorksymbol WYND; TSINetwork Rating: Extra Risk)(www.wyndhamdestinations.com; Shares outstanding: 85.7 million; Market cap: $4.2 billion; Dividend yield: 2.5%) investors tap the world’s largest vacation-ownership and exchange company....

The COVID-19 shutdowns have hurt demand for copier paper as office workers remain home. That has prompted International Paper to spin off these operations so it can better focus on its faster-growing cardboard packaging business. Despite slowing demand for office paper, that business could become an attractive takeover target.


INTERNATIONAL PAPER CO....

Expanding by acquisition is always riskier than growth from existing operations. Still, here are two companies that we feel will benefit from their latest purchases.


DYE & DURHAM LTD. $43 is a buy. The company (Toronto symbol DND, Manufacturing & Industry sector; Shares outstanding: 46.7 million; Market cap: $2.0 billion; Dividend yield: 0.2%; Takeover Target Rating: Medium; www.dyedurham.com) is a cloud-based software provider for legal and business professionals.


On July 17, 2020, Dye & Durham completed an initial public offering of 17 million shares at $7.50 each....

For 2021, we’ve chosen IBM as your #1 Spinoff Buy.

The company’s shares have lagged other big tech stocks in the past year. That’s mainly due to concerns that IBM’s older, slower-growing legacy businesses were holding back its faster-growing cloud computing operations....

A: Kirkland Lake Gold Ltd., $50.72, symbol KL on Toronto (Shares outstanding: 268.1 million; Market cap: $13.6 billion; www.klgold.com), is a gold producer headquartered in Toronto.


It owns and operates three underground gold mines: the Macassa mine and Detour Lake mine, both located in Northern Ontario, and the Fosterville mine located in the state of Victoria, Australia....

For 2021, we have singled out three stocks as #1 buys for you, one from each of our portfolios—Conservative, Aggressive and Income.


All three are in a strong position to weather the current wave of COVID-19. Each is also poised for solid gains as new vaccines help kick-start global economic growth.


CANADIAN PACIFIC RAILWAY LTD....

A: The decision to go public or remain private depends on a number of factors that a company’s owners must evaluate from the unique perspective of the firm.

The main reason that a company sells shares to the public through an initial public offering (IPO) is to raise capital from a large number of investors....