monthly dividend

EXCHANGE INCOME CORP. $31 (Toronto symbol EIF; Shares outstanding: 31.4 million; Market cap: $973.4 million; Dividend yield: 7.1%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.


Aviation (80% of its revenue) serves communities in Manitoba, Ontario, Nunavut and eastern Canada through regional airlines.


Manufacturing (20%) includes WesTower Communications (a maker and installer of wireless communication towers) and Quest Window Stainless Fabrication.


Exchange Income’s sales and profits continue to rise, and it just raised its monthly dividend by 4.3%, to $0.1825 from $0.175....

Rising interest rates mean dividend-paying stocks and fixed-income instruments must increasingly compete for investor interest. However, sustainable dividends still offer an attractive and growing income stream for investors (see supplement on page 50).


Here are four ETFs that provide exposure to Canadian, U.S....

A: Keyera Corp. $34.77, symbol KEY on Toronto (Shares outstanding: 204.5 million; Market cap: $7.1 billion; www.keyera.com), provides a number of services to the oil and gas industry, including the collection, processing, storage and shipment of oil and gas.

The company operates through two main segments:

• Keyera’s Gathering and Processing business owns and operates raw gas-gathering pipelines and processing plants....

With its growth stalled in Alberta and an activist investor exerting pressure, Liquor Stores NA accepted a sizeable investment from Aurora Cannabis. The shares initially shot up in the wake of the marijuana deal, but there are still a number of challenges facing this big liquor store operator.

A: Liquor Stores N.A. Ltd., $12.03, symbol LIQ on Toronto (Shares outstanding: 27.8 million; Market cap: $331.3 million; www.liquorstoresgp.ca), is North America’s largest publicly traded liquor store operator, with 231 outlets....

Canada’s Medical Facilities Corp. has a niche in the U.S., a high dividend yield and a tangled web of American health care regulations to deal with.

PEMBINA PIPELINE CORP. $43 (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 503.0 million; Market cap: $21.6 billion; Dividend yield: 5.0%; Dividend Sustainability Rating: Above Average; www.pembina.com) owns pipelines that carry almost all of B.C.’s oil and half of Alberta’s conventional oil....

With three big wind farms in northern Europe, Canada’s Northland Power profits from Germany’s decision to replace nuclear power with renewable energy.

EXTENDICARE INC. $9 (Toronto symbol EXE; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 88.6 million; Market cap: $797.4 million; Dividend yield: 5.3%; Dividend Sustainability Rating: Average; www.extendicare.com) owns 65 senior-care facilities, which can house 8,686 residents on either a long- and short-term basis....

A: Northland Power Inc., $23.30, symbol NPI on Toronto (Shares outstanding: 171.2 million; Market cap: $4.0 billion; www.northlandpower.ca), develops, builds, owns and operates natural gas-fired power plants, wind farms, solar projects and hydroelectric facilities.

Northland owns, or has a stake in, 1,754 megawatts of generating capacity, with an additional 584 megawatts under construction.

The company owns a 60% stake in Project Gemini, a 600-megawatt wind farm (Northland’s share is 360 megawatts) located off the coast of the Netherlands....