Q: I was wondering, Pat, about your thoughts on holding Aecon (ARE Toronto) since the government blocked its takeover by China’s CCCC Ltd. Thanks.

A: Aecon Group Inc., $18.79, symbol ARE on Toronto (Shares outstanding: 60.8 million; Market cap: $1.1 billion; www.aecon.com), is one of Canada’s largest construction companies. The firm and its predecessors helped to build Canadian landmarks such as the CN Tower, the St. Lawrence Seaway, the Halifax… Read More

Dividend Advisor Hotline – Friday, August 9, 2019

BROADRIDGE FINANCIAL SOLUTIONS INC., $125.75, New York symbol BR, serves the investment industry in three main areas: investor communications, securities processing and transaction clearing.

Starting with the October 2019 payment, Broadridge will raise its quarterly dividend by 11.3%. Investors will then receive $0.54 a share instead… Read More

Dividend Advisor Hotline – Friday, August 2, 2019

SNC-LAVALIN GROUP INC., $17.81, Toronto symbol SNC, is a leading Canadian engineering and construction company that specializes in large-scale infrastructure projects such as roads, bridges, transit systems and water-treatment plants.

To conserve cash for debt repayments, SNC is cutting its quarterly dividend by 80.0%. Starting with… Read More

Buy Russel, hold on to Stantec

RUSSEL METALS $20.76 (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (905-819-7777; www.russelmetals.com; Shares outstanding: 62.1 million; Market cap: $1.3 billion; Dividend yield: 7.3%) is one of North America’s largest metal distributors. It serves over 29,000 clients at 51 locations in Canada and 12 in the U.S.
In the three… Read More

Low p/e, high yields enhance their appeal

MANULIFE FINANCIAL CORP. $24 (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares o/s: 2.0 billion; Market cap: $48.0 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurance provider. It also sells other forms of insurance, including health, dental and travel plans… Read More