Finning International began paying dividends in 1970. At current prices, the stock is now in the middle of the wide range between $15 and $35 that it has stayed in for the past 10 years. While in that range, it doubled its dividend, although a.. Read More
The shares of Finning and Toromont have moved down lately in response to lower commodity prices. However, recent acquisitions put both companies in a strong position to expand their earnings when commodity prices rebound.
FINNING INTERNATIONAL INC. $25 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry… Read More
VERIZON COMMUNICATIONS INC., $54.92, New York symbol VZ, has 116.5 million wireless users, 12.3 million phone customers and 15.4 million Internet and TV subscribers.
Starting with the November 2018 payment, Verizon raised its quarterly dividend by 2.1%. Investors now receive $0.6025 a share instead of $0.59…. Read More
ENBRIDGE INC., $42.77, Toronto symbol ENB, operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to over 2 million consumers in Ontario, Quebec, New Brunswick and New York State.
In February 2017, the company… Read More
CENOVUS ENERGY INC., $10.16, Toronto symbol CVE, acquired 100% of its main oil sands properties in Alberta—Christina Lake and Foster Creek—in May 2017. It did that through its purchase of the 50% stake held by its partner in the project, ConocoPhillips (New York symbol COP),… Read More
These two distributors of Caterpillar heavy equipment continue to see strong cyclical demand for their products. That has pushed up their share prices, but these stocks are still attractive in relation to their projected earnings.
FINNING INTERNATIONAL INC. $32 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing &… Read More
FINNING INTERNATIONAL INC. $32 (Toronto symbol FTT; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 168.2 million; Market cap: $5.4 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Canada, South America and the U.K.
Finning increased its quarterly dividend… Read More
A strong customer base inside and outside Canada helps this stock flourish when demand for commodities is up.
Mining and construction clients in both Canada and South America helped earnings jump in the latest quarter. The company continues to benefit from a restructuring plan and upgrades… Read More
CANADIAN TIRE CORP., $166.10, Toronto symbol CTC.A, owns 501 Canadian Tire stores. They sell automotive parts and products, and household and sporting goods. Franchisees run most of the outlets. The company’s other operations include 297 gas stations and 106 PartSource locations; those stores are entirely… Read More
BCE INC., $55.82, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 6.3 million customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 3.8 million high-speed Internet users and 2.8 million TV subscribers. In addition, the company sells wireless services… Read More