emera
Emera Inc. is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia.
Founded in 1998 during the privatization of Nova Scotia Power, Emera now invests in regulated electricity generation, transmission, and distribution across North America and the Caribbean. The company operates through various subsidiaries, including Florida Electric Utility and Canadian Electric Utilities, and is committed to delivering reliable, affordable, safe, and sustainable energy to approximately 2.5 million customers. Emera is also focused on operational excellence and strategic investments in high-potential markets, aiming to meet the evolving needs of the energy sector.
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To conserve cash for new projects, Emera has slowed the pace of its planned dividend hikes. However, the new policy will make the payment more sustainable. At the same time, the company’s new projects will spur its growth.
EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income-Growth Portfolio, Utilities sector; Shares outstanding: 292.8 million; Market cap: $15.8 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Highest; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income-Growth Portfolio, Utilities sector; Shares outstanding: 292.8 million; Market cap: $15.8 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Highest; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
CENOVUS ENERGY INC., $21.89, Toronto symbol CVE, remains a buy for the Resources section of your portfolio.
The company is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor (see next Hotline item)....
The company is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor (see next Hotline item)....
TORONTO-DOMINION BANK, $77.84, Toronto symbol TD, remains a buy for patient, income-seeking investors.
With the January 2024 payment, TD raised your quarterly dividend by 6.3%. Investors now receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.2%.
The bank has agreed to pay a fine of $3.09 billion U.S....
With the January 2024 payment, TD raised your quarterly dividend by 6.3%. Investors now receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.2%.
The bank has agreed to pay a fine of $3.09 billion U.S....
TORONTO-DOMINION BANK, $78.48, Toronto symbol TD, remains a buy for patient, income-seeking investors.
The stock fell 9% this week after the bank agreed to pay a fine of $3.09 billion U.S. due to lapses in its anti-money laundering processes at its U.S....
The stock fell 9% this week after the bank agreed to pay a fine of $3.09 billion U.S. due to lapses in its anti-money laundering processes at its U.S....
These high-yielding utility stocks continue to move up, as falling interest rates make them more attractive to income-seeking investors. Lower interest rates will also make it easier for them to fund their new projects and acquisitions. That ultimately makes room for more dividend increases.
FORTIS INC....
FORTIS INC....
ARCHER DANIELS MIDLAND CO. $59 is a hold. The company (New York symbol ADM; High-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 478.1 million; Market cap: $28.2 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners.
With the February 2024 payment, Archer raised your quarterly dividend by 11.1%, to $0.50 a share from $0.45....
With the February 2024 payment, Archer raised your quarterly dividend by 11.1%, to $0.50 a share from $0.45....
BCE INC., $47.56, Toronto symbol BCE, remains your #1 Income Buy for 2024.
The company is Canada’s largest traditional telephone service provider. It has 1.92 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
The company is Canada’s largest traditional telephone service provider. It has 1.92 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
The Bank of Canada recently cut its benchmark lending rate, from 4.75% to 4.50%, and more cuts seem likely. Lower rates are good news for utilities such as these four, as they reduce their borrowing costs and increase their appeal with bond investors. What’s more, you pay less tax on their dividends compared to bond interest payments.
FORTIS INC....
FORTIS INC....
INTERNATIONAL BUSINESS MACHINES CORP., $182.77, New York symbol IBM, is a top pick for 2024.
The company is one of the world’s largest computer firms, with operations in over 175 countries.
With the June 2024 payment, IBM raised your quarterly dividend by 0.6%, to $1.67 a share from $1.66....
The company is one of the world’s largest computer firms, with operations in over 175 countries.
With the June 2024 payment, IBM raised your quarterly dividend by 0.6%, to $1.67 a share from $1.66....
CGI INC., $138.29, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024.
The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....
The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....