Lower costs bolster IGM’s dividend

IGM FINANCIAL INC. $39 is a buy. The mutual fund seller (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares o/s: 237.8 million; Market cap: $9.3 billion; P-to-S ratio: 2.7; Divd. yield: 5.8%; TSINetwork Rating: Above Average; www.igmfinancial.com) has announced several new initiatives in a plan to improve… Read More

These safety-conscious stocks remain buys

METRO INC., $70.10, is a buy. The company (Toronto symbol MRU; Shares o/s: 232.8 million; Market cap: $16.4 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.metro.ca) has yet to reach a new contract with the union representing 3,700 workers at its 27 supermarkets in the Greater Toronto Area. The… Read More

IGM expands south of the border

IGM FINANCIAL INC. $39 is a buy. The mutual fund seller (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 237.8 million; Market cap: $9.3 billion; Price-to-sales ratio: 2.8; Dividend yield: 5.8%; TSINetwork Rating: Above Average; www.igmfinancial.com) is selling its Investment Planning Counsel wealth management business to… Read More