Get a 4.6% yield from 3M Company

Get a 4.6% yield from 3M Company

A decline in disposable face mask sales partly explained a 3.7% drop in sales for this company during the most-recent quarter.

Earnings beat consensus forecasts, however, and a new spinoff is on the way which should increase shareholder value.

Meanwhile, the stock trades at just 12.6… Read More

Get a 5.0% yield from Intel

Get a 5.0% yield from Intel

A spinoff should help this company remain focused on its core offering of computer chips for personal computers and data centres.

In the meantime, it’s looking to grow its ability to make chips for other firms by building advanced plants.

The stock trades at 14.9 times the… Read More

Petro-Canada – former Toronto symbol PCA

Petro-Canada – former Toronto symbol PCA

Petro-Canada was Canada’s second largest integrated oil company. Its production centred on Western Canada before its sale to Suncor.
PETRO-CANADA was acquired by rival Suncor Energy Inc. (Toronto symbol SU) in August 2009.

Under the terms of the deal, Petro-Canada shareholders received 1.28 common shares of Suncor… Read More

Earnings shot up 16.7% at Becton Dickinson & Co.

Earnings shot up 16.7% at Becton Dickinson & Co.

This medical device maker continues to enjoy strong demand for its products as hospitals and clinics resume regular procedures on easing of COVID-19 lockdowns and other restrictions. While ongoing supply-chain problems add risk, we like its long-term prospects.

The company has now completed the spinoff of… Read More

Spinoffs & Takeovers Hotline – Friday, October 28, 2022

CUMMINS INC., $244.78, symbol CMI on New York, designs, manufactures, distributes and services diesel, natural gas, electric, hybrid powertrains, and powertrain-related components, including control & fuel systems, automated transmissions, batteries, electrified power systems, hydrogen production, and fuel cell systems.

Cummins serves customers in 190 countries through… Read More