general electric

New York symbol GE, is one of the world’s largest industrial companies. It operates in six main segments: Infrastructure; Commercial Finance; Consumer Finance; Healthcare; Industrial; and Media.

CGI GROUP INC. $77 (www.cgi.com) is Canada’s largest provider of computer outsourcing services. It helps its clients automate routine functions such as accounting and buying supplies. That makes companies more efficient and lets them focus on their main businesses....
GENERAL ELECTRIC CO. $13 (New York symbol GE; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 8.7 billion; Market cap: $113.1 billion; Price-to-sales ratio: 0.9; Dividend yield: 3.7%; TSINetwork Rating: Average; www.ge.com) plans to narrow its focus to three main businesses: electrical power equipment; renewable power equipment; and aviation products.


As a result, GE will spin off its healthcare equipment operations as a separate firm....



General Electric LISTEN:




GENERAL ELECTRIC CO....
GENERAL ELECTRIC CO. $14 (New York symbol GE; Manufacturing & Industry sector; Shares outstanding: 8.7 billion; Market cap: $121.8 billion; Dividend yield: 3.4%; Takeover Target Rating: Lowest; www.ge.com) is a leading maker of industrial machinery, including jet engines; power plant equipment; and locomotives....
GENERAL ELECTRIC CO. $14 (New York symbol GE; Income-Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 8.7 billion; Market cap: $121.8 billion; Dividend yield: 3.4%; Dividend Sustainability Rating: Average; www.ge.com) is a leading maker of industrial machinery, including jet engines, power plant equipment and locomotives.


To conserve cash as part of a new restructuring plan, in November 2017 GE cut its quarterly dividend by 50.0%, to $0.12 a share from $0.24....
GENERAL ELECTRIC CO. $14 (New York symbol GE; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 8.7 billion; Market cap: $121.8 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.ge.com) is a leading maker of industrial machinery, including jet engines, power plant equipment and locomotives....
Over the past several years, Bank of Montreal has steadily built up its business in the U.S. and other countries outside of its core market. At the same time, it has strengthened its operations here in Canada with investments in its online and mobile banking platforms.


We feel those moves will continue to spur the bank’s earnings and give it more room to keep raising its dividend.


BANK OF MONTREAL $95 (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 645.5 million; Market cap: $61.3 billion; Price-to-sales ratio: 2.8; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www.bmo.com) originally began operating in 1817, making it Canada’s oldest chartered bank.
With assets of $727.9 billion as of January 31, 2018, it’s now the fourth-largest Canadian bank; it’s the eighth-largest in North America.


Bank of Montreal currently provides a wide range of financial services to over 10 million customers from 900 branches in Canada and 600 in the U.S....
GENERAL ELECTRIC CO. $15 (New York symbol GE; Manufacturing sector; Shares o/s: 8.7 billion; Market cap: $130.5 billion; Takeover Target Rating: Lowest; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.ge.com) is a leading maker of industrial machinery.

Activist investment firm Trian Partners, controlled by Nelson Peltz, owns 1% of GE....
While TD (see page 1) is our favourite for new buying, we also like the outlook for Canada’s other big banks. We advise all Canadian investors to hold at least three of them.

Like TD, the remaining four banks trade at attractive multiples to their improved earnings; each should also continue to increase its dividend....



BMO
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BANK OF MONTREAL $99 (Toronto symbol BMO; Income-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 647.7 million; Market cap: $64.1 billion; Dividend yield: 3.6%; Dividend Sustainability Rating: Highest; www.bmo.com) began operating in 1817, making it Canada’s oldest chartered bank....