First dividend hike after spinoff

TC ENERGY CORP. $67 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.04 billion; Market cap: $69.7 billion; Price-to-sales ratio: 2.5; Dividend yield: 5.1%; TSINetwork Rating: Above Average; www.tcenergy.com) spun off its oil pipeline business as a separate company… Read More

Updating your Income-Growth Payers: Enbridge Inc.

ENBRIDGE INC. $60 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $132.0 billion; Dividend yield: 6.3%; Dividend Sustainability Rating: Highest; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the… Read More

Spinoff spotlight

TC ENERGY CORP. $65 is a buy. The company (Toronto symbol TRP; Utilities sector; Shares outstanding: 1.04 billion; Market cap: $67.6 billion; Dividend yield: 5.2%; Takeover Target Rating: Medium; www.tcenergy.com) spun off its oil pipeline business as a separate company called South Bow Corp. (Toronto symbol SOBO). Investors… Read More

Becton aims for pure-play gains

After many years of expanding through acquisitions—20 purchases since 2020—medical device maker Becton Dickinson is now narrowing its focus through spinoffs.
In April 2022, the company spun off its Diabetes Care business as embecta (see page 19). Investors received one share of embecta for every five… Read More

Three ways to pad your 2025 returns

For 2025, we’ve selected TC Energy, Cisco Systems and RioCan REIT as our top three picks for dividend investors.
All three offer investors high, sustainable dividend yields. Their high-quality businesses will also let them keep raising their dividends for years to come. Moreover, all three stocks… Read More