Updating Our High-Growth Payers: Intact Financial

INTACT FINANCIAL CORP. $204 is a buy. The company (Toronto symbol IFC; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 175.3 million; Market cap: $35.8 billion; Dividend yield: 2.2%; Dividend Sustainability Rating: Above Average; www.intactfc.com) is Canada’s largest property and casualty insurance provider.
Starting with the March 2023 payment, the… Read More

We like both the parent and subsidiary

Canadian Utilities and its parent company ATCO remain great ways for investors to earn reliable dividends. Investors looking for yield should opt for the subsidiary, while value seekers should buy the parent for its holding company discount.
CANADIAN UTILITIES LTD. (class A non-voting) is a buy. The… Read More

High-quality utilities still top bonds

We prefer top-quality utility stocks over bonds, mainly due to the favourable tax treatment of dividends compared to interest payments. We like both Canadian Utilities and ATCO, which both offer dependable dividends. ATCO’s holding company discount also enhances its appeal.
CANADIAN UTILITIES LTD. (class A non-voting)… Read More

Buy quality assets at a discount

POWER CORP. $35 is a buy. The conglomerate’s (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 667.1 million; Market cap: $23.3 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) primary investments are controlling stakes in Great-West Lifeco, IGM Financial and robo-advisor Wealthsimple. It also… Read More

Buy commodities for portfolio balance

Most commodity production is capital intensive with long development times. Producers face considerable costs to establish or replace mines, oilfields, and so on, or to build processing, storage and transportation facilities. This means that the selling prices of their products can vary significantly from the… Read More

Power makes some moves

POWER CORP., $36.14, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 612.3 million; Market cap: $24.2 billion; TSINetwork Rating: Above Average; Dividend yield: 5.5%) owns controlling stakes in Great-West Lifeco, IGM Financial and robo-advisor Wealthsimple. It also owns 14.9% of Belgian holding company Groupe Bruxelles Lambert.
Power… Read More