high dividend

As one of the world’s largest energy stocks, Chevron has the resources, and refineries, to thrive in the face of lower oil prices.

When investors get in the habit of using one investment measure to buy stocks, they often find that it can be dangerously misleading.

Innergex Renewable Energy, $11.03, symbol INE on Toronto (Shares outstanding: 100.9 million; Market cap: $1.1 billion; www.innergex.com), is a recommendation of our Canadian Wealth Advisor newsletter. We place Innergex in the Utilities sector, a broad area that includes telecoms, pipelines, power generators and so on. The company generates electricity, but it focuses on renewable energy, including hydroelectric plants, wind farms and solar power. That puts it in something of a niche category among utilities that includes stocks like Algonquin Power & Utilities, $9.73, symbol AQN on Toronto, and Northland Power, $16.99, symbol NPI on Toronto....

Drugs losing patent protection, adr strives reverse fortunes

GlaxoSmithKline plc (ADR), $46.85, symbol GSK on New York (ADRs outstanding: 2.4 billion; Market cap: $113.2 billion; www.gsk.com), is a U.K.-based global health care company that develops, makes and sells products in three main markets: pharmaceuticals, vaccines and consumer. It has about 98,000 employees. In the three months ended December 31, 2014, Glaxo’s sales fell 10.4%, to 6.19 billion pounds ($9.39 billion U.S.) from 6.91 billion pounds. Earnings per share declined 5.9%, to 27.3 pence ($0.41 U.S.) from 29.0 pence. The drop mainly resulted from drugs losing their patent protection and facing generic competition. Examples include Valtrex (herpes), Imitrex (migraines), Requip (Parkinson’s disease), Combivir (HIV) and Epivir (antiviral)....

Meta Description: With its new 50% stake in the Ruby pipeline and an LNG plant in the works, Veresen can sustain big growth and its high dividend yield.

Every Thursday we bring you one of our best U.S. stock picks. You will read about stocks making moves you should know about, most often from our newsletter on U.S. investing, Wall Street Stock Forecaster.

On Tuesday, we profiled a Canadian company in the chemical waste business with a high dividend yield (see the article here). Today we report on a U.S. chemical stock that’s not widely known, but also has an admirable record with dividends.

QUAKER CHEMICAL CORP. (New York symbol KWR; www.quakerchem.com) began operating in 1918 and currently operates 34 plants in 21 countries. These facilities make lubricants and chemicals that keep mechanical parts from rusting.

...

Pembina Pipeline and Veresen both trade at high multiples to their per-share cash flow, but both have strong growth prospects and high dividend yields. We think they have gains ahead. PEMBINA PIPELINE $40.02 (Toronto symbol PPL; Shares outstanding: 336.0 million; Market cap: $13.5 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.pembina.com) owns pipelines that carry half of Alberta’s conventional oil, 30% of Western Canada’s natural gas liquids (NGLs) and almost all of B.C.’s conventional oil. Pembina also owns extensive facilities to extract, process and store NGLs....

One of Canada’s last income trusts, Chemtrade Logistics turns industrial waste services and a big acquisition into a high dividend yield.

AMERIGO RESOURCES, $0.32, symbol ARG on Toronto, processes copper and molybdenum from waste rock at Chile’s El Teniente, the world’s largest underground copper mine. This includes rock from the mine’s current production and tailings from the nearby Colihues deposit. This contract runs at least through 2037. The company gets 94% of its revenue by processing copper. The remaining 6% comes from molybdenum. In the quarter ended December 31, 2014, Amerigo’s copper output fell 7.4%, to 11.35 million pounds from 12.25 million a year earlier. Molybdenum production declined 11.8%, to 160,107 pounds from 181,464....