enbridge

BANK OF MONTREAL, $136.95, Toronto symbol BMO, is a buy.

The bank is now raising your dividend by 4.5%. Starting with the August 2022 payment, investors will receive $1.39 a share instead of $1.33. The new annual rate of $5.56 yields 4.1%.

Bank of Montreal set aside $50 million to cover potential loan losses in its fiscal 2022 second quarter, ended April 30, 2022....

ENBRIDGE, $58.16, is a buy. The firm (Toronto symbol ENB; Shares o/s: 2.0 billion; Market cap: $118.4 billion; TSINetwork Rating: Above Average; Dividend yield: 5.9%; www.enbridge.com) operates pipelines that pump Western Canadian oil and gas to eastern Canada and the U.S....

ROYAL BANK OF CANADA, $130.95, Toronto symbol RY, is a buy.

In its fiscal 2022 second quarter, ended April 30, 2022, Royal took back $342 million of the funds it had earlier set aside to cover potential bad loans. That’s due to improving credit quality as the COVID-19 pandemic eases....

ANDREW PELLER LTD. (A shares) $6.35 (www.andrewpeller.com) is still a buy. The company is Canada’s second-largest wine producer after Arterra Wines. The stock has dropped 20% since the start of 2022, mainly due to concerns that rising costs for raw materials and transportation will hurt the company’s earnings growth....

ENBRIDGE, $57.53, is a #1 Buy for 2021. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $114.0 billion; TSINetwork Rating: Above Average; Dividend yield: 6.0%; www.enbridge.com) operates pipelines that pump Western Canadian oil and gas to eastern Canada and the U.S....

Pipeline operators TC Energy and Enbridge continue to spend large sums on new projects. Most of these projects are either regulated by governments or secured by long-term contracts with oil and gas producers. Those steady cash flows will let them keep raising their dividends.


TC ENERGY CORP....

SUNCOR ENERGY INC., $42.57, Toronto symbol SU, is a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

With the December 2021 payment, Suncor doubled your quarterly dividend to $0.42 a share from $0.21....

CENOVUS ENERGY INC., $22.12, Toronto symbol CVE, remains a buy for long-term gains.

On January 1, 2021, the company completed its acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) in a friendly all-stock takeover.

The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.

Cenovus announced this week that it would end its oil hedging program, which it uses to pre-sell its future production at a set price....

Here are two of our top safety-conscious utility recommendations. Both have strong growth plans in place, which should boost their cash flow to pay for dividend increases as well as boost their share prices.


TELUS, $32.26, is a buy. The stock (Toronto symbol T; Shares o/s: 1.4 billion; Market cap: $44.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.telus.com) gives you a stake in a wireless business with 11.42 million subscribers....

Enbridge makes money by charging oil producers fees to access its pipelines and terminals, so it’s less exposed to volatile oil prices. Nevertheless, it still stands to gain as pandemic recovery spurs demand for oil. The limited number of new pipelines planned by the industry also increases the value of Enbridge’s existing pipelines.


Meantime, the company continues to build out its systems—most of them secured by long-term contracts....