Parent and subsidiary are both top payers

CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $37 and CU.X [class B voting] $37; Income-Growth Portfolio, Utilities sector; Shares outstanding: 272.1 million; Market cap: $10.1 billion; Divd. yield: 4.6%; Dividend Sustainability Rating: Highest; distributes electricity and natural gas in Alberta and Australia… Read More

These high-yield distributions are steady

CHOICE PROPERTIES REIT $14 (Toronto symbol CHP.UN; Cyclical-Growth Payer Portfolio; Manufacturing & Industry sector; Units o/s: 668.2 million; Market cap: $9.4 billion; Dividend yield: 5.3%; Dividend Sustainability Rating: Above Average; acquired Canadian REIT (old symbol REF.UN) on May 7, 2018. The merger created Canada’s… Read More

Pharmacy chain taps medical cannabis demand

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Even though it won’t carry cannabis directly, the owner of this leading chain of drugstores is now helping to connect registered prescription holders with cannabis growers. At the same time, it’s building relationships by offering guidance on marijuana use.

Think you… Read More

Q: My daughter bought shares in Loblaw last year and now with the recent changes has 13 shares of George Weston. She would like to add to her Loblaw shares, but is not sure what to do with her George Weston shares. Would it make sense to sell them and just add to her Loblaw shares or keep both and add to the George Weston holdings?

A: Loblaw Companies, $64.96, symbol L on Toronto (Shares outstanding: 369.0 million; Market cap: $24.0 billion;, transferred its stake in Choice Properties REIT (symbol CHP.UN on Toronto) to its parent company George Weston Ltd., $91.86, symbol WN on Toronto (Shares outstanding: 153.4 million; Market… Read More

Reorganization strengthens these two buys

LOBLAW COMPANIES $65.64 (Toronto symbol L; Shares outstanding: 371.9 million; Market cap: $24.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.8%; operates 1,085 supermarkets and 1,337 Shoppers Drug Mart pharmacies across Canada.
On November 1, 2018, Loblaw transferred its stake in Choice Properties REIT (symbol CHP.UN on… Read More

Earnings jump for parent and spinoff

Earnings jump for parent and spinoff

Studies show that both a spinoff and its former parent company perform better than comparable firms for several years following their split. That’s especially so with industry leaders like these now-independent firms.

The world’s largest vacation ownership and exchange company and the world’s largest hotel franchise… Read More