GREAT-WEST LIFECO INC. $33 is a hold. Canada’s second-largest life insurer (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 931.8 million; Market cap: $30.7 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) last raised its quarterly dividend with the December 2021 payment. Investors now… Read More
GREAT-WEST LIFECO INC. $32 (www.greatwestlifeco.com) is a hold. The insurer recently completed its $4.45 billion acquisition of the full-service retirement services unit of Prudential Financial (New York symbol PRU). Despite that purchase, revenue in the second quarter of 2022 fell 48.8%, to $9.19 billion from $18.00 billion a.. Read More
These leading insurers are once again raising their dividends as the COVID-19 pandemic eases. They are also using acquisitions to fuel their future growth. However, we feel Intact is the better choice for your new buying.
GREAT-WEST LIFECO INC. $34 is a hold. The company (Toronto symbol GWO;… Read More
TELUS CORP. $29 (www.telus.com) is a buy. Telus added 320,000 new subscribers (including cellphones, Internet and TV services, net of cancellations) in the third quarter of 2021. That’s a gain of 15.5% from 277,000 a year earlier. Telus will now up your quarterly dividend by 3.5%. The annual… Read More
GREAT-WEST LIFECO INC. $37 is a hold. The insurer (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 927.7 million; Market cap: $34.3 billion; Price-to-sales ratio: 0.6; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) has now completed its $4.4 billion purchase… Read More
TRANSCONTINENTAL INC., $25.75, Toronto symbol TCL.A, remains a buy for aggressive investors.
The company is Canada’s leading commercial printer. It also makes plastic packaging for consumer and industrial products.
Transcontinental’s overall revenue in its fiscal 2021 second quarter, ended April 25, 2021, fell 0.3%, to $623.3 million… Read More
GREAT-WEST LIFECO, $36.51, is still a hold. The insurer (Toronto symbol GWO; shares outstanding: 928.4 million; Market cap: $34.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.greatwestlifeco.com) recently paid $4.4 billion for the retirement services business of Massachusetts Mutual Life Insurance Company.
Due to… Read More
The dividends of these two holdings of Power Corp. look sustainable. However, we feel IGM is in a better position to move higher, particularly as it unlocks more of the value of its Weathsimple investment.
GREAT-WEST LIFECO INC. $37 is a hold. The company (Toronto symbol… Read More
MOLSON COORS CANADA INC. $70 (www.molsoncoors.com) is a hold. Molson’s sales in the quarter ended March 31, 2021, fell 9.7%, to $1.90 billion from $2.10 billion a year earlier (all amounts except share price in U.S. dollars). That’s mainly because many bars and restaurants remain… Read More
Both Great-West and IGM stand to gain as more baby boomers retire in the next few years. However, we continue to prefer IGM for your new buying. That’s because Great-West is more vulnerable to potentially higher interest rates, which would hurt the value of its… Read More