monthly dividend

This month, we highlight two actively managed ETFs from Middlefield Group that were recently converted from closed-end funds.


MIDDLEFIELD INNOVATION DIVIDEND ETF $11.43 (Toronto symbol MINN) invests in companies that derive a major portion of their revenue from products or services related to major technological innovations.


The ETF is actively managed and discloses its full portfolio only every six months although the top holdings are available more frequently....

EXCHANGE INCOME CORP. $41 (Toronto symbol EIF; Shares outstanding: 38.8 million; Market cap: $1.6 billion; Dividend yield: 5.6%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.


Aviation (65% of its revenue) serves communities in Manitoba, Ontario, Nunavut and eastern Canada through regional airlines....

Pipeline operator Pembina continues to rebound from its March 2020 low of $15.27 as the economy re-opens following COVID-19 shutdowns. Despite the pandemic, the company held its dividend.


As well, a new deal to sell 40% of its Western Canadian gas processing to U.S.-based private equity investor KKR will let Pembina reward its investors with higher dividends and share buybacks later this year.


PEMBINA PIPELINE CORP....

A: M Split Corp is a split-share company that holds a substantial block of shares of Manulife Financial, a leading Canadian insurer.

Manulife is a buy recommendation of our Canadian Wealth Advisor newsletter.

“Split corps” are a type of investment product that financial institutions create to provide new investment opportunities for investors, and new revenue opportunities for themselves....

The fundamentals of investing are the same for newcomers as they are for established, successful investors. The challenge for everybody is to stick to what works and not let investment fads, the media limelight or bad advice from a broker or advisor steer you off course.

The five picks for March we outline in this report are derived from Pat McKeough’s four decades of investment experience....

A: Tamarack Valley Energy, $3.92, symbol TVE on Toronto (Shares outstanding: 406.3 million; Market cap: $1.6 billion; www.tamarackvalley.ca), is an oil and gas exploration and production firm in Western Canada....

AltaGas took on a lot of risk with a huge acquisition in July 2018. But it stuck to its promise of selling non-core assets to pay down a lot of the debt it took on; the stable, regulated cash flows it gained have paid off.


We picked the stock for our readers in our May 2019 issue, and the shares have handed them a solid 43% gain on top of a high yield....

PIZZA PIZZA ROYALTY CORP. $11.62 (Toronto symbol PZA; Shares outstanding: 24.6 million; Market cap: $285.9 million; Dividend yield: 5.8%; www.pizzapizza.ca) holds certain trademarks and trade names used by Pizza Pizza restaurants in Canada.


Those exclusive names are licensed to Pizza Pizza for 99 years....

While inflation pressures appear to be rising, consumer prices have seen only modest increases so far. Still, factors leading to a sharper rise may be building. They include today’s very low interest rates and the massive spending and borrowing by governments around the world to inject money into the economy....

EXCHANGE INCOME CORP. $40 (Toronto symbol EIF; Shares outstanding: 35.5 million; Market cap: $1.4 billion; Dividend yield: 5.7%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.


Aviation (61% of its revenue) serves communities in Manitoba, Ontario, Nunavut and eastern Canada through regional airlines....