Enjoy 6.4% yield from IGM

Enjoy 6.4% yield from IGM

Assets under management improved despite a net outflow of new money as IGM continues to expand its presence outside Canada.

We think the company’s future is bright as it continues to offer a high yield at a relatively cheap valuation.

That’s because the stock trades at just… Read More

These non-bank stocks offer solid dividends

While we recommend most income-seeking investors stick with Canada’s big banks like Royal (see page 91), non-bank stocks like these three are a great way to diversify your Finance sector holdings and earn solid dividends.

IGM FINANCIAL INC. $36 is a buy. The company (Toronto symbol IGM; Conservative-Growth… Read More

IGM expands in the U.S.

IGM FINANCIAL INC. $40 is a buy. The company (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 238.0 million; Market cap: $9.5 billion; Dividend yield: 5.6%; Dividend Sustainability Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent provider with $256.6 billion in assets under management and administration as… Read More

Power owns top assets

POWER CORP. $26.00 (Toronto symbol POW; Shares outstanding: 414.4 million; Market cap: $12.4 billion; TSINetwork Rating: Above Average; Dividend yield: 5.9%; www.powercorporation.com) is a holding company with a diversified list of businesses. It holds its financial assets through its 65.6%-owned Power Financial.
Power Financial’s assets include a.. Read More