Dear Pat: I want your advice on First National Financial Corp. I am 86 years old and need to focus on dividend return rather than future growth potential. Thank you.

First National Financial Corp., $28.80, symbol FN on Toronto, (Shares outstanding: 60.0 million; Market cap: $1.8 billion; www.firstnational.ca), is Canada’s largest non-bank originator and underwriter of residential mortgages. It held $94.3 billion in mortgages under administration as of March 31, 2016. The company focuses its… Read More

Dear Pat: What are your thoughts on First National Financial Corp.? Thanks.

First National Financial Corp., $21.90, symbol FN on Toronto (Shares outstanding: 60.0 million; Market cap: $1.3 billion; www.firstnational.ca), is Canada’s largest non-bank mortgage originator and underwriter, with $79.9 billion of mortgages under administration.

The company mainly offers mortgages for single-family homes and apartment buildings. It also… Read More