monthly dividend

CARFINCO FINANCIAL GROUP $7.93 (Toronto symbol CFNI; TSINetwork Rating: Speculative) (1-888 -486-4356; www.carfinco.com; Shares outstanding: 24.6 million; Market cap: $195.1 million; Dividend yield: 5.3%) provides car loans to consumers who aren’t able to meet the criteria of traditional lenders, like banks. Edmonton-based Carfinco started out by financing vehicle repairs in 1997. In 1999, it began providing loans for car and truck purchases. In January 2001, the company got out of the repair-financing business to focus solely on lending money to car buyers. Carfinco converted from a conventional corporation to an income trust in 2004. It converted back to a corporation on January 1, 2012....

CML HealthCare Inc., $9.48, symbol CLC on Toronto (Shares outstanding: 89.8 million; Market cap: $851.3 million; www.cmlhealthcare.com), was called CML HealthCare Income Fund before it converted from an income trust to a corporation on January 4, 2011. CML (or Canadian Medical Laboratories) is one of Canada’s largest health-care diagnostic services providers. It has two main divisions: Laboratory Services and Imaging Services. Laboratory Services, which provides 65% of CML’s revenue, performs a wide range of medical tests through its Ontario laboratory network, which consists of 115 specimen-collection centres and the company’s central laboratory in Mississauga. CML’s large network of labs lets it take advantage of economies of scale that are not available to smaller labs....

Carfinco Financial Group, $7.85, symbol CFN on Toronto (Shares outstanding: 24.6 million; Market cap: $193.1 million; www.carfinco.com), provides car loans to consumers who aren’t able to meet the criteria of traditional lenders, like banks. The Edmonton-based company offers its loans through 1,459 car dealers across Canada. About 60% of its loan portfolio is in western Canada, and 40% is in eastern Canada. Carfinco recently entered the Quebec market. Carfinco aims to review a customer’s credit and provide an approval or a rejection within 30 minutes. It does this using an online application system. The company evaluates over 6,500 credit applications a month. During 2011, it approved 52% of the applications it received. Of those, 22% received loans....

CARFINCO FINANCIAL GROUP $7.93 (Toronto symbol CFNI; TSINetwork Rating: Speculative) (1-888 -486-4356; www.carfinco.com; Shares outstanding: 24.6 million; Market cap: $195.1 million; Dividend yield: 5.3%) provides car loans to consumers who aren’t able to meet the criteria of traditional lenders, like banks.

Edmonton-based Carfinco started out by financing vehicle repairs in 1997. In 1999, it began providing loans for car and truck purchases. In January 2001, the company got out of the repair-financing business to focus solely on lending money to car buyers.

Carfinco converted from a conventional corporation to an income trust in 2004. It converted back to a corporation on January 1, 2012.

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Natural gas prices recently dropped below $2 U.S. per thousand cubic feet, a 10-year low. That’s because new shale gas discoveries and record warm temperatures have increased inventories. Prices have since moved up somewhat, to $2.39. The low prices have pushed down shares of producers that rely heavily on natural gas, including Peyto Exploration and Bonavista Energy (see below). Even so, the long-term outlook for natural gas prices, and for both of these stocks, remains positive. PEYTO EXPLORATION & DEVELOPMENT CORP. $18.17 (Toronto symbol PEY; Shares outstanding: 138.5 million; Market cap: $2.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.0%; www.peyto.com) produces and explores for oil and natural gas in Alberta....

PEMBINA PIPELINE $29.78 (Toronto symbol PPL; Shares outstanding: 285.0 million; Market cap: $8.5 billion; TSI Network Rating: Average; Dividend yield: 5.4%; www.pembina.com) owns pipeline systems with a total length of over 7,500 kilometres. These lines pump oil and gas from fields in B.C. and Alberta to refineries, or feed into major pipelines, such as the Enbridge Pipeline System.

Pembina also owns the Syncrude, Horizon and Cheecham pipelines, which pump crude oil from the Alberta oil sands. In addition, the company holds a 50% stake in the Fort Saskatchewan Ethylene Storage Limited Partnership. It also owns the Cutbank Complex, a network of natural gas gathering and processing facilities.

In the three months ended December 31, 2011, Pembina’s cash flow rose 2.9%, to $66.8 million, or $0.40 a share, from $64.9 million, or $0.39 a share, a year earlier.

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WAJAX CORP., $49.00, symbol WJX on Toronto, sells and services cranes, forklifts and other heavy equipment. It also sells related parts (such as bearings, motors, hoses and fittings) and power systems (including diesel engines and transmissions). In the three months ended March 31, 2012, Wajax’s revenue rose 17.8%, to $358.1 million from $303.9 million a year earlier. Demand remained strong across all of the company’s markets. Earnings rose 33.6%, to $17.1 million, or $1.03 a share, from $12.8 million, or $0.77 a share. The stock trades at just 11.9 times this year’s forecast earnings of $4.12 a share....

Pipelines have been in the news. Canada’s largest pipeline company, TransCanada Corporation (symbol TRP on Toronto) has made headlines with its ongoing disagreement with the U.S. government over the completion of its Keystone XL pipeline to the Gulf Coast. The Obama administration blocked the Nebraska section of the project last November, citing environmental concerns. TransCanada has submitted a proposal for a re-routing of the pipeline and is awaiting a new environmental review. Pembina Pipelines had attracted much less attention until it came up with some interesting news of its own this year: the purchase of a firm with significant assets in natural gas liquids (NGL)....

PEMBINA PIPELINE $29.78 (Toronto symbol PPL; Shares outstanding: 285.0 million; Market cap: $8.5 billion; TSI Network Rating: Average; Dividend yield: 5.4%; www.pembina.com) owns pipeline systems with a total length of over 7,500 kilometres. These lines pump oil and gas from fields in B.C. and Alberta to refineries, or feed into major pipelines, such as the Enbridge Pipeline System. Pembina also owns the Syncrude, Horizon and Cheecham pipelines, which pump crude oil from the Alberta oil sands. In addition, the company holds a 50% stake in the Fort Saskatchewan Ethylene Storage Limited Partnership. It also owns the Cutbank Complex, a network of natural gas gathering and processing facilities. In the three months ended December 31, 2011, Pembina’s cash flow rose 2.9%, to $66.8 million, or $0.40 a share, from $64.9 million, or $0.39 a share, a year earlier....

A positive outlook for the Canadian economy will continue to boost stocks across many industries. Some stocks benefit by supplying different industries, like this heavy equipment supplier we have just added it to the list of growth stocks we cover in our newsletter for aggressive investing, Stock Pickers Digest. WAJAX CORP. (Toronto symbol WJX; www.wajax.ca) sells and services heavy equipment, including cranes and forklifts. It also sells related parts (such as bearings, motors, hoses and fittings) and power systems (including diesel engines and transmissions)....