canadian

These leading insurers are once again raising their dividends as the COVID-19 pandemic eases. They are also using acquisitions to fuel their future growth. However, we feel Intact is the better choice for your new buying.


GREAT-WEST LIFECO INC....

Some dividend investors avoid small-cap stocks, as they feel their dividends are not as reliable as larger companies. While dividend cuts are more likely at smaller firms, these two stocks offer a nice combination of growth and income.


CALIAN GROUP LTD....
The re-opening of offices as COVID-19 restrictions eased helped boost the occupancy levels—and cash flow—of these two REITs. That should also let them maintain their current distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $38 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0 million; Market cap: $4.9 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 200 office buildings and 12 properties under development, mainly in major Canadian cities....
CANADIAN TIRE CORP., $161.80, Toronto symbol CTC.A, is a buy.

Investors tap the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. Still, the company’s other operations also enrich its outlook....
Both Calian and WELL Health have had a major plus on their side during COVID-19 uncertainty. Specifically, the two get most of their revenue from governments. For Calian, revenue generated from federal departments and agencies currently represent about 69% of the total....
AltaGas took on a lot of risk with a huge U.S. acquisition in July 2018. But it stuck to its promise of selling non-core assets to pay down a lot of the debt it took on; the regulated cash flows it gained have paid off. We still believe in this leader’s strong prospects and its outlook....
Recently a friend asked, “Pat, I see that several prominent Canadian investor advisors recently wrote articles that said it’s a bad time to buy bonds right now. Do you agree?”

He was surprised when I told him I haven’t bought any bonds for myself since the 1990s....
TEXAS ROADHOUSE INC., $78.54, is a buy. The company, symbol TXRH on Nasdaq, is a full-service, casual-dining restaurant chain with 672 locations spread across 49 U.S. states and 10 foreign countries. Each of those restaurants operates under one of three banners—Texas Roadhouse (632 locations), sports restaurant Bubba’s 33 (36), and Jaggers (4)....
SUNCOR ENERGY INC., $46.92, Toronto symbol SU, remains a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

Suncor is now increasing your quarterly dividend by 11.9%....
CANADIAN TIRE CORP., $175.64, Toronto symbol CTC.A, is a buy.

Investors tap the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. Still, the company’s other operations also enrich its outlook....