Q: My daughter bought shares in Loblaw last year and now with the recent changes has 13 shares of George Weston. She would like to add to her Loblaw shares, but is not sure what to do with her George Weston shares. Would it make sense to sell them and just add to her Loblaw shares or keep both and add to the George Weston holdings?

A: Loblaw Companies, $64.96, symbol L on Toronto (Shares outstanding: 369.0 million; Market cap: $24.0 billion; www.loblaw.ca), transferred its stake in Choice Properties REIT (symbol CHP.UN on Toronto) to its parent company George Weston Ltd., $91.86, symbol WN on Toronto (Shares outstanding: 153.4 million; Market… Read More

Reorganization strengthens these two buys

LOBLAW COMPANIES $65.64 (Toronto symbol L; Shares outstanding: 371.9 million; Market cap: $24.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.8%; www.loblaw.ca) operates 1,085 supermarkets and 1,337 Shoppers Drug Mart pharmacies across Canada.
On November 1, 2018, Loblaw transferred its stake in Choice Properties REIT (symbol CHP.UN on… Read More

ETF taps Canadian REITs

ISHARES CDN REIT INDEX ETF $18.37 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds all 16 Canadian real estate investment trusts in the S&P/TSX REIT Index. This includes retail, residential, office and industrial REITs.
The fund has an MER of 0.61%, and it currently yields a high… Read More

Our top dividend stocks for 2019

We’ve selected CIBC, Cisco Systems and Choice Properties REIT as our top dividend picks for 2019. All three stocks offer high yields, and will likely increase their dividends this year. What’s more, each trades at an attractive multiple to its projected earnings or cash flow.
CANADIAN… Read More

Loblaw is now a pure-play retailer

Loblaw recently transferred its majority stake in Choice Properties REIT to its parent company, George Weston. As a result of that reorganization, Loblaw can now focus exclusively on expanding profits for its main retailing operations.
For example, the company recently launched a new enhanced delivery program… Read More