Dividend Advisor Hotline – Friday, January 3, 2020

CANADIAN NATIONAL RAILWAY CO., $118.40, Toronto symbol CNR, remains a buy.

Through their shares, investors tap Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

CN last raised its quarterly dividend… Read More

Innergex grows in Texas

INNERGEX RENEWABLE ENERGY $15.30 (Toronto symbol INE; Shares o/s: 133.6 million; Market cap: $2.0 billion; TSINetwork Rating: Extra Risk; Dividend yield 4.6%; www.innergex.com) operates 37 hydroelectric plants, 25 wind farms and four solar power fields.

The company has just begun commercial operations at its 350.3 megawatt… Read More

Dividend hikes are only part of their appeal

IMPERIAL OIL LTD. $33.93 (Toronto symbol IMO; Shares outstanding: 764.2 million; Market cap: $26.3 billion; TSINetwork Rating: Average; Dividend yield: 2.6%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company, after Suncor (No. 1) and Canadian Natural Resources. U.S.-based ExxonMobil (New York symbol XOM) owns 69.6%… Read More

Expanding renewable-energy assets power Innergex’s 4.6% yield

Recent strategic acquisitions helped this alternative energy provider to a 13.4% jump in cash flow during the most-recent quarter.

The stock trades at just 8.7 times the company’s 2020 earnings forecast. Its shares now offer a 4.6% yield.


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INNERGEX RENEWABLE ENERGY (Toronto symbol INE; www.innergex.com) operates 37… Read More

Green power trend fuels Innergex

Innergex continues to focus on renewable power projects. Although it has used acquisitions to expand, particularly outside of Canada, it cuts that risk by taking on partners with local knowledge.
The company’s strategy should continue to pay off as governments around the world move to phase… Read More

These renewables are expanding worldwide

INNERGEX RENEWABLE ENERGY $15.27 (Toronto symbol INE; Shares outstanding: 133.6 million; Market cap: $2.0 billion; TSINetwork Rating: Extra Risk; Dividend yield 4.6%; www.innergex.com) operates 37 hydroelectric plants, 25 wind farms and four solar power fields. Those operations are spread across the provinces of Quebec, Ontario and B.C.,… Read More

New businesses set to spur their dividends

RIOCAN REAL ESTATE INVESTMENT TRUST $26 (Toronto symbol REI.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 303.8 million; Market cap: $7.9 billion; Dividend yield: 5.5%; Dividend Sustainability Rating: Above Average; www.riocan.com) owns all or part of 230 shopping centres and other properties across Canada. They include 14… Read More

These two renewables deliver high yields

BROOKFIELD RENEWABLE PARTNERS L.P. $44.13 (Toronto symbol BEP.UN; Units outstanding: 296.3 million; Market cap: $13.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.3%; www.brookfieldrenewable.com) has interests in 219 hydroelectric generating stations, 106 wind farms and 545 solar-power facilities. In all, it operates over 17,400 megawatts of generating… Read More

These two renewables deliver high yields

BROOKFIELD RENEWABLE PARTNERS L.P. $44.13 (Toronto symbol BEP.UN; Units outstanding: 296.3 million; Market cap: $13.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.3%; www.brookfieldrenewable.com) has interests in 219 hydroelectric generating stations, 106 wind farms and 545 solar-power facilities. In all, it operates over 17,400 megawatts of generating… Read More