holding company
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....
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....
A: Definity Financial Corp., $34.96, symbol DFY on Toronto (Shares outstanding: 115.9 million; Market cap: $4.1 billion; www.definityfinancial.com), is the new name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance.
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company, owned by its policyholders, to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company, owned by its policyholders, to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
For 2023, we once again chose CGI Inc. as the #1 Aggressive Stock of the Year for our flagship newsletter, The Successful Investor.
This is the seventh year in a row that we’ve picked CGI—Canada’s largest provider of computer outsourcing services.
Investors who were quick to act on our advice have not been disappointed: the stock is now up over 123% since we first highlighted it as a top pick for 2016....
This is the seventh year in a row that we’ve picked CGI—Canada’s largest provider of computer outsourcing services.
Investors who were quick to act on our advice have not been disappointed: the stock is now up over 123% since we first highlighted it as a top pick for 2016....
CHIPOTLE MEXICAN GRILL INC., $1,583.89, remains a buy. The stock (symbol CMG on New York) lets you tap this Mexican restaurant chain, headquartered in Denver. The company is a fast-food leader charging slightly higher prices than its competitors but offering better quality food, including naturally raised meat.
In the quarter ended December 31, 2022, sales were up 11.2%, to $2.18 billion from $1.96 billion a year earlier....
In the quarter ended December 31, 2022, sales were up 11.2%, to $2.18 billion from $1.96 billion a year earlier....
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 time of their initial investment decisions....
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....
CANADIAN UTILITIES LTD. (class A non-voting) is a buy.
The company (Toronto symbols CU [class A non-voting] $37.96 and CU.X [class B voting] $38.10) distributes electricity and natural gas in Alberta and Australia. It also owns or invests in 7 non-regulated power plants—1 in Canada, 2 in Mexico, 3 in Australia and 1 in Chile....
The company (Toronto symbols CU [class A non-voting] $37.96 and CU.X [class B voting] $38.10) distributes electricity and natural gas in Alberta and Australia. It also owns or invests in 7 non-regulated power plants—1 in Canada, 2 in Mexico, 3 in Australia and 1 in Chile....
For 2023, we have singled out three growth stocks that we think offer you exceptional prospects in the year ahead. What’s more, each of the three is a market leader, which cuts your risk if the economic outlook weakens.
INTACT FINANCIAL, $198.96, is a #1 Power Buy for 2023. The insurer (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 175.3 million; Market cap: $34.8 billion; Dividend yield: 2.0%) provides investors exposure to Canada’s largest property and casualty insurer....
INTACT FINANCIAL, $198.96, is a #1 Power Buy for 2023. The insurer (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 175.3 million; Market cap: $34.8 billion; Dividend yield: 2.0%) provides investors exposure to Canada’s largest property and casualty insurer....
These four leading utility stocks get most of their revenue from rate-regulated operations. That makes its easier to recoup the cost of new power plants and upgrades to their existing assets. Moreover, they continue to use their increasing cash flow to reward investors with dividend hikes.
FORTIS INC....