New businesses let them reward investors

Top insurers Manulife and Sun Life recently rewarded investors with sizeable dividend hikes. That’s partly due to the contributions of recent acquisitions. We feel these purchases will continue to pay off. Moreover, both stocks trade at attractive multiples to their projected earnings.
MANULIFE FINANCIAL CORP. $27… Read More

Keep on top of our stock updates

TRISURA GROUP LTD. $38 remains a buy for aggressive investors. The company (Toronto symbol TSU; Finance Sector; Shares outstanding: 45.8 million; Market cap: $1.7 billion; No dividend paid; Takeover Target Rating: Medium; www.trisura.com) took its current form on June 22, 2017 when Brookfield Asset Management Inc. (old Toronto symbol… Read More

Power makes some moves

POWER CORP., $36.14, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 612.3 million; Market cap: $24.2 billion; TSINetwork Rating: Above Average; Dividend yield: 5.5%) owns controlling stakes in Great-West Lifeco, IGM Financial and robo-advisor Wealthsimple. It also owns 14.9% of Belgian holding company Groupe Bruxelles Lambert.
Power… Read More

Little-known spinoff continues to shine

On June 22, 2017, Brookfield Asset Management Inc. (Toronto symbol BAM.A) spun off its specialty insurance business as a separate company called Trisura. Investors received one Trisura share for every 170 Brookfield shares they held.
The new firm gets little media/broker attention, even though the stock… Read More

IGM Financial Inc. yields 6.1%

IGM Financial Inc. yields 6.1%

As a seller of mutual funds and wealth management services, this firm’s fee income rises and falls with the value of the securities it manages.

Due to the drop in stock values, the shares are down 19% since the start of 2022. However, the current… Read More

Here are new ETFs for Canadian investors

This month we highlight a carbon credit ETF from TD Asset Management as well as an actively managed fintech ETF from Blackrock.
TD GLOBAL CARBON CREDIT INDEX ETF $36.87 (Toronto symbol TCBN) seeks to track the performance of a global carbon credit index, which measures the investment return of… Read More

Top insurers offer dependable dividends

These two insurers remain a great choice for steady dividend income, despite the recent volatility of stock markets and the resulting hit to their asset management income.
MANULIFE FINANCIAL CORP. $22 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.9 billion;… Read More