acquisition

These two leading telcos are enhancing their operations with acquisitions. While that adds risk, we’re confident the expansion will add to overall profits as planned—and let them keep raising your dividends.


BCE INC. $61 is your #1 Income Buy for 2022. The company (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 911.8 million; Market cap: $55.6 billion; Price-to-sales ratio: 2.4; Dividend yield: 6.0%; TSINetwork Rating: Above Average; www.bce.ca) has 2.21 million residential telephone customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
As a seller of mutual funds and wealth management services, IGM’s fee income rises and falls with the value of the securities it manages. Due to the drop in stock values, IGM shares are down 20% since the start of 2022. However, the current uncertainty and rising interest rates should prompt more individuals to turn to the company’s advisors.


IGM FINANCIAL INC....
Nutrien shot up to a record high of $147.93 in April 2022 following Russia’s invasion of Ukraine and the imposition of economic sanctions; the near-global ban on Russian goods lifted prices for potash and other fertilizers. Still, the stock has dropped lately as producers outside of Russia increase supply to meet demand.


Over the longer term, Nutrien should continue to benefit as an expanding world population needs more and better food....
Alcon’s stock lets you tap into the rapidly growing contact lenses and cataract surgery markets. Moreover, investors are set to benefit from the company’s expanding technological leadership.

Alcon’s history enhances its appeal. The company was spun off by Novartis in early 2019....
KINAXIS INC., $142.40, symbol KXS on Toronto, provides cloud-based subscription software that big companies use to manage their supply chains. Kinaxis is based in Ottawa. The company’s shares began trading in June 2014 at $13 a share.

Kinaxis’s main product is RapidResponse, which helps manage supply, demand, inventory, order fulfillment, and capacity planning....
ADT INC., $8.39, is a buy. The company (symbol ADT on New York) is a leading provider of monitored security products and services to residential and commercial customers in the U.S. It has more than six million residential and small business customers.

The company sells security and automation systems to help detect intrusion and hazards such as smoke, fire and flooding....
BANK OF MONTREAL, $127.44, Toronto symbol BMO, remains a buy.

With the August 2022 payment, Bank of Montreal raised your dividend by 4.5%, to $1.39 a share from $1.33. The new annual rate of $5.56 yields a high 4.4%.

The bank recently agreed to acquire California-based Bank of the West from France’s BNP Paribas for $16.3 billion U.S.

Bank of the West provides a variety of retail and commercial banking services to over 1.8 million customers through 514 branches in 24 states, mainly in the Western and Midwestern regions of the U.S....
A: Sensata Technologies Holding plc, $39.54, symbol ST on New York (Shares outstanding: 155.3 million; Market cap: $6.1 billion; www.sensata.com), is a U.K.-based developer, maker and seller of sensors and controls.

Through its Performance Sensing business (73% of revenues), the company supplies a wide array of automotive/heavy vehicle sensors (pressure, speed, temperature) that are embedded in transmission, air conditioning, and other key systems....
A: Monster Beverage Corp., $89.21, symbol MNST on Nasdaq (Shares outstanding: 526.9 million; Market cap: $46.7 billion; www.monsterbevcorp.com), markets energy drinks under the Monster Energy brand....
A: D-Box Technologies Inc., $0.10, symbol DBO on Toronto (Shares outstanding: 220.2 million; Market cap: $20.9 million; www.d-box.com), has developed haptic technology to enhance the experience of watching movies, taking amusement park rides, using training simulators, playing videogames, etc.

The company designs and manufactures its haptic systems for both home entertainment and commercial purposes.

Haptic technology is the use of physical feedback to simulate tactile experiences....