Spinoff spurs Canadian retail giant

Spinoff spurs Canadian retail giant

This company recently transferred its majority stake in Canada’s leading REIT to its parent company. As a result of that reorganization, it can now focus exclusively on expanding profits for its main retailing operations.

For example, the company recently launched a new enhanced delivery program modelled… Read More

REIT deal lifts income for Loblaw investors

LOBLAW COMPANIES LTD. $67 (Toronto symbol L; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 375.0 million; Market cap: $25.1 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Highest; www.loblaw.ca) operates 1,093 supermarkets under a variety of banners: Loblaw, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014,… Read More