spin off

ARCHER DANIELS MIDLAND CO., $62.00, New York symbol ADM, is still a hold.

The company processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners. It’s also a leading producer of ethanol from corn, a gasoline additive that reduces harmful emissions.

With the February 2024, payment, Archer raised your quarterly dividend by 11.1%, to $0.50 a share from $0.45....
TC Energy plans to spinoff of its oil pipeline operations as a separate firm later this year. The remaining firm will focus on its natural gas pipelines and electrical power plants.


Studies show that spun-off stocks, and the companies that spin them off, tend to do better on average than comparable companies not involved in spinoffs.


What’s more TC promises that the combined dividend of the two firms will be no less than its annual dividend rate just prior to the split....
TC ENERGY INC., $54.49, Toronto symbol TRP, remains a buy.

TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.

With the April 2024 payment, TC will raise your quarterly dividend by 3.2%....
ARCHER DANIELS MIDLAND CO., $59.31, New York symbol ADM, is still a hold.

The company processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners. It’s also a leading producer of ethanol from corn, a gasoline additive that reduces harmful emissions.

Archer recently suspended its chief financial officer in response to concerns about the accounting practices at its nutrition division....

You Can See Our Spinoff Stock Portfolio For April 2024 Here.


Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:


1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.


2) Spinoffs involve a lot of work and legal fees....
3M COMPANY $104 is a buy for long-term gains. The company (New York symbol MMM; Manufacturing & Industry sector; Shares outstanding: 552.7 million; Market cap: $57.5 billion; Dividend yield: 5.8%; Takeover Target Rating: Medium; www.3m.com) will spin off its Health Care division as a separate firm called Solventum Corp....
BOEING CO., $198.49, New York symbol BA, is still a hold.

In January 2024, a fuselage panel came loose on one of Boeing’s 737 Max-9 planes. That forced the aircraft, operated by Alaskan Airlines, to make an emergency landing.

An investigation by the U.S....
TC ENERGY INC., $54.28, Toronto symbol TRP, remains a buy.

TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.

The company is now selling its Portland Natural Gas Transmission System to BlackRock Inc....
We first recommended Alphabet (then called Google) as a buy for aggressive investors in our August 2011 issue of Wall Street Stock Forecaster at $607 (or $15.175 adjusted for splits). Since then, the stock has gained a whopping 767.8% for our subscribers.

That success is largely due to the early effectiveness of its Internet search algorithms, which delivered more useful results to its users than competing search engines....
TC ENERGY INC., $55.39, is a buy. The company (Toronto symbol TRP; Shares o/s: 1.0 billion; Market cap: $55.3 billion; TSINetwork Rating: Above Average; Dividend yield: 7.2%; www.tcenergy.com) operates a pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....