dividend growth
We designed our Dividend Sustainability Rating to help our readers zero in on companies that can continue to pay you dividends (or even raise them) during economic downturns.
The COVID-19 coronavirus outbreak has already forced many firms to cut or suspend their dividends....
The COVID-19 coronavirus outbreak has already forced many firms to cut or suspend their dividends....
We think it’s realistic to assume dividends from blue-chip companies will continue to contribute around a third of a conservative investor’s portfolio returns (see the box on this page for more info). Both Pembina and Innergex (see below) offer you high, sustainable dividend yields....
Algonquin Power has soared 48.0% for our subscribers over the past year—even with the recent market downturn. We think it can go higher. The company aims to add value for investors through big acquisitions. While that adds risk, Algonquin focuses on making purchases that immediately contribute to its cash flow; its renewable energy projects also sell power under long-term government-guaranteed contracts....
GENUINE PARTS CO. $90 is a buy. The company (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 145.9 million; Market cap: $13.1 billion; Dividend yield: 3.5%; Dividend Sustainability Rating: Above Average; www.genpt.com) sells replacement auto parts through company-owned stores (under the NAPA banner) and independent outlets in North America, Europe, Australia and New Zealand....
CN has faced several challenges in the past few months, including an eight-day strike by conductors and yard workers and the impact of the U.S.-China tariff war on freight volumes. More recently, it had to suspend its operations in Eastern Canada due to blockades erected by First Nations protesters....
BROOKFIELD RENEWABLE PARTNERS L.P. $70 is a buy. Through units in the partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 308.6 million; Market cap: $21.6 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) you gain a stake in 219 hydroelectric generating stations, 108 wind farms and 4,907 solar-power facilities....
INTACT FINANCIAL CORP. $151 is a buy. The company (Toronto symbol IFC; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 143.0 million; Market cap: $21.6 billion; Dividend yield: 2.2%; Dividend Sustainability Rating: Above Average; www.intactfc.com) will raise its quarterly dividend with the March 2020 payment....
Investors focused on the oil and gas industry are increasingly challenged by weaker prices. But as we continue to point out, the industry’s best stocks—with the most sustainable dividends—are integrated producers (see box). They include Canadian powerhouses Suncor and Imperial Oil.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
Even as coronavirus fears prompt a shift to bonds, we continue to recommend these two utility stocks instead of those fixed-income government investments. While bonds now yield just 1.4%, the utility stocks below offer you much more appealing yields as well as strong growth prospects....
TEXAS INSTRUMENTS INC. $119 remains a buy. The company (Nasdaq symbol TXN; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 934.0 million; Market cap: $111.1 billion; Divd. yield: 3.0%; Divd. Sustainability Rating: Above Average; www.ti.com) is a leading maker of analog chips, which convert touch, sound and pressure into the electronic signals that computers can understand.
With the November 2019 payment, the company raised your quarterly dividend by 16.9%....
With the November 2019 payment, the company raised your quarterly dividend by 16.9%....