These non-bank stocks offer solid dividends

While we recommend most income-seeking investors stick with Canada’s big banks like Royal (see page 91), non-bank stocks like these three are a great way to diversify your Finance sector holdings and earn solid dividends.

IGM FINANCIAL INC. $36 is a buy. The company (Toronto symbol IGM; Conservative-Growth… Read More

Buy utilities despite today’s higher rates

Rising interest rates boost bond yields and their appeal with investors. Conversely, rising rates can hurt the appeal of high-yield utilities, and their shares, since those companies must pay higher interest on their debt. Still, top utilities remain financially healthy and continue to expand and… Read More

Spinoffs & Takeovers Hotline – Friday, May 26, 2023

ENGHOUSE SYSTEMS LTD., $38.42, symbol ENGH on Toronto, is a software and services provider.

The company operates through two business groups: Interaction Management (54% of total revenue) sells software for managing customer interactions; and Asset Management (46% of revenue) offers technology solutions for network operators and… Read More

IGM’s outlook outshines its Power family

Investors in Great-West, IGM and their parent company Power Corp. enjoy high, sustainable dividend yields. For new buying, however, we prefer IGM and its parent.
GREAT-WEST LIFECO INC. $35 is a hold. The company (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 931.9 million; Market… Read More

Use our updates to enhance your portfolio

COLLIERS INTERNATIONAL GROUP INC. $157 is a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 41.8 million; Market cap: $6.6 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.3%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of services, including… Read More

Earn a 5.2% yield from IGM Financial

Earn a 5.2% yield from IGM Financial

While assets under management have declined with the recent market downturn, a recent acquisition will help lift IGM Financial’s business in China and add to earnings immediately.

We expect stock market volatility and higher interest rates to create more demand for the firm’s professional advisors.

The stock… Read More