TNL expands in Asia

TRAVEL + LEISURE CO. $46 is a buy. The company (New York symbol TNL; Cyclical-Growth Payer Portfolio, Consumer sector; Shares outstanding: 71.0 million; Market cap: $3.3 billion; Dividend yield: 4.3%; Dividend Sustainability Rating: Average; www.travelandleisureco.com) is now the world’s largest vacation-ownership and exchange company with more than 245 timeshare… Read More

Royal Bank has a bright future

Royal Bank now plans to complete its acquisition of HSBC’s Canadian operations in March 2024. That $13.5-billion purchase enhances Royal’s domestic operations. Moreover, costs savings from the elimination of overlapping operations should also spur earnings.
Banking regulators have toughened lending standards and mortgage stress-test levels in… Read More

Cuts should bolster your income

CANADIAN IMPERIAL BANK OF COMMERCE $61 is a buy. The bank (Toronto symbol CM; Income-Growth Portfolio, Finance sector; Shares outstanding: 904.7 million; Market cap: $55.2 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Highest; www.cibc.com) is raising your quarterly dividend by 3.4%. Starting with the January 2024 payment, investors will… Read More

Get a high 7.7% from TransAlta Renewables

Get a high 7.7% from TransAlta Renewables

With a focus on renewable energy, Transalta Renewables holds a lot of conceptual appeal due to its renewable energy focus. What’s more, this firm supports its high dividend by selling its wind and other power under long-term guaranteed contracts. This includes sales to its blue-chip… Read More

Get a high 7.9% from TransAlta Renewables

Get a high 7.9% from TransAlta Renewables

With a focus on renewable energy, TransAlta Renewables holds a lot of conceptual appeal due to its renewable energy focus. What’s more, this firm supports its high dividend by selling its wind and other power under long-term guaranteed contracts. This includes sales to its blue-chip… Read More