canadian
Dividend-paying companies have done well over the longer term, although the recent performance of this group lagged the main market indexes. That’s because higher interest rates on fixed-income investments made their dividends less attractive to income investors....
BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF $16.88 (Toronto symbol HREU) aims to use a combination of derivatives and debt to offer daily returns that correspond to twice the daily gains of the Solactive Equal Weight Canada REIT Index....
IMPERIAL OIL, $100.29, is a #1 Buy for 2024. The company (Toronto symbol IMO; Shares o/s: 523.4 million; Market cap: $53.6 billion; TSINetwork Rating: Average; Yield: 2.4%; www.imperialoil.ca) gets about 99% of its production from oil sands operations in Alberta....
POWER CORP., $47.27, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 590.9 million; Market cap: $30.2 billion; Rating: Above Average; Dividend yield: 4.8%) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds)....
EXTENDICARE INC., $10.62, is a buy. The company (symbol EXE on Toronto), owns and operates long-term care homes. Investors also tap the company’s ParaMed Home Health Care branches. ParaMed provides nursing care and other forms of assistance to clients who remain in their own homes.
Extendicare has announced that it has entered into an agreement with Revera Inc....
Extendicare has announced that it has entered into an agreement with Revera Inc....
TC ENERGY INC., $68.26, Toronto symbol TRP, is a buy.
On October 1, 2024, TC completed the spinoff of its oil pipeline business as separate company South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held....
On October 1, 2024, TC completed the spinoff of its oil pipeline business as separate company South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held....
We continue to recommend investors diversify their Finance sector holdings beyond the big banks by holding high-quality non-bank firms such as the three below.
Each is a a leader in its niche industry, which cuts your risk. As well, despite recent share price gains, all three still trade at attractive multiples to their earnings.
AMERICAN EXPRESS CO....
Each is a a leader in its niche industry, which cuts your risk. As well, despite recent share price gains, all three still trade at attractive multiples to their earnings.
AMERICAN EXPRESS CO....
AGILENT TECHNOLOGIES INC. $138 is a buy. The company (New York symbol A; Aggressive Growth Portfolio, Manufacturing sector; Shares outstanding: 285.2 million; Market cap: $39.4 billion; Price-to-sales ratio: 6.0; Dividend yield: 0.7%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment for medical research laboratories and industrial clients.
In September 2024, the firm paid $925 million for Biovectra, a Canadian business that helps drug developers research and manufacture their products.
That purchase helped lift Agilent’s revenue in its fiscal 2024 fourth quarter, ended October 31, 2024, by 0.8%, to $1.70 billion from $1.69 billion a year earlier....
In September 2024, the firm paid $925 million for Biovectra, a Canadian business that helps drug developers research and manufacture their products.
That purchase helped lift Agilent’s revenue in its fiscal 2024 fourth quarter, ended October 31, 2024, by 0.8%, to $1.70 billion from $1.69 billion a year earlier....
Investors interested in dividends should only buy the highest-yielding Canadian dividend stocks if they meet these criteria.
POWER CORP. OF CANADA $47 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 646.3 million; Market cap: $30.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds)....