acquisition
MOLSON COORS CANADA INC. (Toronto symbols TPX.A $76 and TPX.B $75; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.5 million; Market cap: $16.2 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Above Average; www.molsoncoors.com) is one of the world’s largest beer brewers.
The company last raised its quarterly dividend with the February 2015 payment....
The company last raised its quarterly dividend with the February 2015 payment....
MULLEN GROUP LTD. $9.86 (Toronto symbol MTL; Shares o/s: 104.8 million; Market cap: $1.03 billion; Dividend yield: 6.1%; www.mullen-group.com) provides specialized transport services, including trucking and logistics to the oil and natural gas industry in Canada and the U.S.
Mullen pays a monthly dividend of $0.05 a share: the stock yields a high 6.1%.
The company has expanded its business rapidly through acquisition....
Mullen pays a monthly dividend of $0.05 a share: the stock yields a high 6.1%.
The company has expanded its business rapidly through acquisition....
SONY CORP. ADRs $52 (www.sony.net) has come under pressure from activist investor Daniel Loeb, who through his Third Point hedge fund controls $1.5 billion of the company’s shares, or about 2% of its market cap. The activist wants Sony to spin off its chip business as a separate company, and sell its stakes in publicly traded firms, including Sony Financial, Olympus and Spotify....
SYMANTEC CORP. $20 (Nasdaq symbol SYMC; Manufacturing & Industry sector; Shares outstanding: 618.2 million; Market cap: $13.6 billion; Dividend yield: 1.6%; Takeover Target Rating: Medium; www.symantec.com) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
The stock is down 19.3% from its recent peak of $24.77 on April 17, 2019....
The stock is down 19.3% from its recent peak of $24.77 on April 17, 2019....
CONAGRA BRANDS INC. $29 (New York symbol CAG; Consumer sector; Shares outstanding: 485.9 million; Market cap: $14.1 billion; Dividend yield: 2.9%; Takeover Target Rating: Medium; www.conagra.com) makes packaged foods, including Chef Boyardee canned pasta, Hunt’s tomato sauce, Peter Pan peanut butter, Orville Redenbacher popcorn and Reddi-wip whipped cream.
Activist investor Jana Partners continues to hold roughly 3% of Conagra’s shares....
Activist investor Jana Partners continues to hold roughly 3% of Conagra’s shares....
CAMPBELL SOUP CO. $41 (New York symbol CPB; Consumer sector; Shares outstanding: 301.2 million; Market cap: $12.3 billion; Dividend yield: 3.4%; Takeover Target Rating: Medium; www.campbellsoupcompany.com) recently completed a strategic review of its operations....
BROADRIDGE FINANCIAL SOLUTIONS $130.56 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 116.1 million; Market cap: $15.1 billion; Dividend yield: 1.5%) has completed the acquisition of Ireland-based Rockall Technologies Ltd....
FIRSTSERVICE CORP. $131.32 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.7 million; Market cap: $4.7 billion; Dividend yield: 0.6%) has agreed to buy Global Restoration Holdings, the parent company of Interstate Restoration and FirstOnSite Restoration....
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