Growing utility’s new target cuts risk

This diversified Canadian utility plans to raise its annual dividend rate between 4% and 5% each year through 2021. That’s down from its previous 8% target, but this more modest growth conserves cash for new projects and pays down debt.

That’s why this company has our… Read More

Metro’s big acquisition cuts its risk

METRO INC. $48 (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 255.7 million; Market cap: $12.3 billion; Price-to-sales ratio: 0.8; Dividend yield: 1.5%; TSINetwork Rating: Average; www.metro.ca) operates 600 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick.
In May 2018, Metro acquired Jean… Read More

Emera can handle its debt load

EMERA INC. $44 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares o/s: 233.0 million; Market cap: $10.3 billion; Price-to-sales ratio: 1.7; Divd. yield: 5.4%; TSINetwork Rating: Average; www.emera.com) has spent $2 billion in the past year on new projects. Those include its 49.5%-owned Labrador Island Link, which… Read More

Teck’s 2019 outlook is bright

TECK RESOURCES LTD. $30 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 573.6 million; Market cap: $17.2 billion; Price-to sales ratio: 1.4; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, copper and zinc.
Teck’s new growth projects should fuel… Read More