canadian
LOBLAW COMPANIES LTD. $71 is a buy. The company (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 352.9 million; Market cap: $25.1 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.loblaw.ca) operates 1,098 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
A: Dye & Durham Ltd., $37.67, symbol DND on Toronto (Shares outstanding: 64.4 million; Market cap: $2.5 billion; www.dyedurham.com), is a provider of cloud software (Internet-based) for legal and business professionals....
Canadian Utilities remains a great pick for income-seeking investors. In fact, in our TSI Dividend Advisor newsletter, the company earns our “Highest” Dividend Sustainability Rating. That measures how likely a company is to maintain—or, even better, keep raising—its dividend....
TC ENERGY INC., $61.60, is a buy. The company (Toronto symbol TRP; Shares outstanding: 978.2 million; Market cap: $59.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.7%; www.tcenergy.com) generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....
Business for our two top Canadian insurance recommendations remains strong, both in Canada and internationally. These two stocks have recovered all of the ground they lost in March 2020—and we think they are now poised to move even higher. Meanwhile, each insurer offers you solid, sustainable dividend yields.
MANULIFE FINANCIAL CORP., $27.19, is a buy. This safety-conscious blue-chip company (Toronto symbol MFC; Shares o/s: 1.9 billion; Market cap: $52.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.manulife.ca) is Canada’s largest life insurer.
Manulife sells other forms of insurance, including health, dental and travel plans; its mutual funds and investment management services further diversify its revenue stream.
As of March 31, 2021, the company had $1.3 trillion in assets under administration....
MANULIFE FINANCIAL CORP., $27.19, is a buy. This safety-conscious blue-chip company (Toronto symbol MFC; Shares o/s: 1.9 billion; Market cap: $52.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.manulife.ca) is Canada’s largest life insurer.
Manulife sells other forms of insurance, including health, dental and travel plans; its mutual funds and investment management services further diversify its revenue stream.
As of March 31, 2021, the company had $1.3 trillion in assets under administration....
CANADIAN PACIFIC RAILWAY $468.87, is a buy. The company (Toronto symbol CP; shares o/s: 135.6 million; Market cap: $61.6 billion; Rating: Above Average; Dividend yield: 0.8%) recently offered to acquire U.S.-based railway Kansas City Southern (New York symbol KSU) for roughly $29 billion U.S....
Even with the economic disruption brought on by COVID-19, we like the long-term prospects for investors in TD Bank. This Canadian big bank was as well prepared—and well capitalized—to handle the pandemic as it was the 2008-2009 financial crisis. We still see TD Bank as a top pick, especially given its expanding and profitable U.S....
The Finance sector offers income-seeking investors many options beyond Canadian and U.S. banks. Those include high-quality dividend payers such as insurer Intact and mutual fund-operator T. Rowe Price.
INTACT FINANCIAL CORP. $163 is a buy. The company (Toronto symbol IFC; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 143.0 million; Market cap: $23.3 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.intactfc.com) gives you exposure to Canada’s largest provider of property and casualty insurance....
Investors who hold dividend-paying Canadian stocks get an additional bonus: their dividends may be eligible for the tax credit reserved for the dividends of Canadian corporations.
This means those dividends get taxed at a lower rate than the same amount of interest income; for example, investors in the highest tax bracket pay tax of about 29% on dividends, compared to 50% on interest income.
The tax on capital gains is even lower, at roughly 25%....
This means those dividends get taxed at a lower rate than the same amount of interest income; for example, investors in the highest tax bracket pay tax of about 29% on dividends, compared to 50% on interest income.
The tax on capital gains is even lower, at roughly 25%....
We have selected Choice Properties REIT as one of our three top picks for 2021 (BCE and Pfizer are the other two picks).
The units held up well last year—and the trust maintained its distributions—despite retail shutdowns due to COVID-19. That’s mainly because its high-quality tenants, such as supermarkets and pharmacies, remained open as “essential” businesses....
The units held up well last year—and the trust maintained its distributions—despite retail shutdowns due to COVID-19. That’s mainly because its high-quality tenants, such as supermarkets and pharmacies, remained open as “essential” businesses....