transcanada
Toronto symbol TRP, operates pipelines that transport natural gas, mainly from Alberta to markets in central and eastern Canada. TransCanada owns or holds interests in over 20 power plants in Canada and the United States.
TRANSCANADA CORP. $56.86 (Toronto symbol TRP; Shares outstanding: 708.0 million; Market cap: $39.1 billion; TSINetwork Rating: Above Average; Dividend yield: 3.4%; www.transcanada.com) recently completed the purchase of three more Ontario solar power plants from Canadian Solar Inc. (Nasdaq symbol CSIQ). TransCanada now owns seven of the nine solar farms it agreed to buy from Canadian Solar in 2011. It will probably take possession of the remaining two in 2015. In all, it will pay about $500 million. The company has 20-year deals to sell the power from these solar farms, which cuts this investment’s risk....
We still think investors will profit most—and with the least risk—by buying shares of well-established, dividend-paying stocks with strong business prospects.
These are companies that have strong positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing marketplace.
Stocks like these give investors an additional measure of safety in today’s volatile markets. And the best ones offer an attractive combination of moderate p/e’s (the ratio of a stock’s price to its per-share earnings), steady or rising dividend yields (annual dividend divided by the share price) and promising growth prospects.
Here are 20 stocks we think meet those criteria:
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These are companies that have strong positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing marketplace.
Stocks like these give investors an additional measure of safety in today’s volatile markets. And the best ones offer an attractive combination of moderate p/e’s (the ratio of a stock’s price to its per-share earnings), steady or rising dividend yields (annual dividend divided by the share price) and promising growth prospects.
Here are 20 stocks we think meet those criteria:
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CANADIAN PACIFIC RAILWAY LTD., $230.28, Toronto symbol CP, earned a record $400 million in the three months ended September 30, 2014, up 20.8% from $331 million a year earlier. Earnings per share rose 22.9%, to $2.31 from $1.88, on fewer shares outstanding. Even so, that missed the consensus estimate of $2.39 a share. Revenue rose 8.9%, to a record $1.67 billion from $1.53 billion. CP saw strong revenue gains from shipping grain, crude oil, metals and consumer products. That offset declines in shipments of fertilizer, coal and automotive products....
TRANSCANADA CORP. $56 (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 707.9 million; Market cap: $39.6 billion; Price-to-sales ratio: 3.8; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.transcanada.com) recently completed the purchase of three more Ontario solar power plants from Canadian Solar Inc. (Nasdaq symbol CSIQ).
TransCanada now owns seven of the nine solar farms it agreed to buy from Canadian Solar in 2011. It will probably take possession of the remaining two in 2015. In all, it will pay about $500 million. To put that in context, TransCanada earned $332 million, or $0.47 a share, in the three months ended June 30, 2014.
The company has 20-year deals to sell the power from these solar farms, which cuts this investment’s risk.
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TransCanada now owns seven of the nine solar farms it agreed to buy from Canadian Solar in 2011. It will probably take possession of the remaining two in 2015. In all, it will pay about $500 million. To put that in context, TransCanada earned $332 million, or $0.47 a share, in the three months ended June 30, 2014.
The company has 20-year deals to sell the power from these solar farms, which cuts this investment’s risk.
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TRANSCANADA CORP. $56.86 (Toronto symbol TRP; Shares outstanding: 708.0 million; Market cap: $40.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.4%; www.transcanada.com) is facing pressure from U.S.-based activist investors to unlock some of its value by selling or spinning off its electrical
power plants.
These investors also want the company to place more of its U.S. natural gas pipelines into a master limited partnership, which is similar to a Canadian income trust.
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power plants.
These investors also want the company to place more of its U.S. natural gas pipelines into a master limited partnership, which is similar to a Canadian income trust.
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ISHARES S&P/TSX 60 INDEX FUND $21.54 (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good low-fee way to buy the top stocks on the TSX. The units are made up of stocks that represent the S&P/TSX 60 Index, which consists of the 60 largest, most heavily traded stocks on the exchange....
TRANSCANADA CORP. $56 (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 707.9 million; Market cap: $39.6 billion; Price-to-sales ratio: 3.8; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.transcanada.com) recently completed the purchase of three more Ontario solar power plants from Canadian Solar Inc. (Nasdaq symbol CSIQ). TransCanada now owns seven of the nine solar farms it agreed to buy from Canadian Solar in 2011. It will probably take possession of the remaining two in 2015. In all, it will pay about $500 million. To put that in context, TransCanada earned $332 million, or $0.47 a share, in the three months ended June 30, 2014. The company has 20-year deals to sell the power from these solar farms, which cuts this investment’s risk....
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day, at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....
TRANSCANADA CORP. $56.86 (Toronto symbol TRP; Shares outstanding: 708.0 million; Market cap: $40.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.4%; www.transcanada.com) is facing pressure from U.S.-based activist investors to unlock some of its value by selling or spinning off its electrical power plants. These investors also want the company to place more of its U.S. natural gas pipelines into a master limited partnership, which is similar to a Canadian income trust....
Enbridge Income Fund Holdings Inc., $30.32, symbol ENF on Toronto (Shares outstanding: 56.5 million; Market cap: $2.0 billion; www.enbridgeincomefund.com), is a holding company that owns 85.6% of Enbridge Income Fund. Enbridge Inc. (symbol ENB on Toronto and a recommendation of The Successful Investor), holds the remaining 14.4%. If you include preferred shares and its 19.9% direct stake in Enbridge Income Fund Holdings, Enbridge Inc. has a 67.3% economic interest in the fund. Enbridge first sold units of Enbridge Income Fund Holdings to the public in 2003. In December 2010, the fund converted to a regular corporation....