CIBC offers a rising dividend with a low p/e

CANADIAN IMPERIAL BANK OF COMMERCE $123 (Toronto symbol CM; Income-Growth Portfolio, Finance sector; Shares outstanding: 443.7 million; Market cap: $54.6 billion; Dividend yield: 4.4%; Dividend Sustainability Rating: Highest; www.cibc.com) is the smallest of Canada’s big five banks, with assets of $595.0 billion.
The bank recently announced that it will… Read More

Aimia is now a sell

AIMIA INC. $1.74 (Toronto symbol AIM; TSINetwork Rating: Extra Risk) (514-897-6800; www.aimia.com; Shares o/s: 152.3 million; Market cap: $265.0 million; No dividends paid) has eliminated its dividend.
Investors also remain concerned about Air Canada’s decision to leave the company’s Aeroplan program in 2020 to start its… Read More

Aimia holders overreact

AIMIA INC. $3.06 (Toronto symbol AIM; TSINetwork Rating: Extra Risk) (514-897-6800; www.aimia.com; Shares o/s: 152.3 million; Market cap: $484.3 million; Dividend yield: 26.1%) is down 66% since Air Canada said it would launch its own loyalty program in 2020. This will replace its current program… Read More

Aimia hikes its dividend

AIMIA INC. $8.72 (Toronto symbol AIM; TSINetwork Rating: Extra Risk) (514-897-6800; www.aimia.com; Shares o/s: 152.3 million; Market cap: $1.3 billion; Dividend yield: 9.2%) owns and operates Aeroplan; it’s Canada’s largest loyalty program, with over 5 million members.
In the quarter ended December 31, 2016, Aimia reported… Read More