Here are key updates on 3 dividend payers

Article Excerpt

MOLSON COORS CANADA INC. is still a hold. The company (Toronto symbols TPX.A $74 and TPX.B $67; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.9 million; Market cap: $14.5 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer. Its main brands include Molson Canadian (Canada), Coors Light (the U.S.) and Carling (the U.K.). Molson continues to benefit from the reopening of bars and restaurants and a cost-cutting plan. As a result, with the March 2022 payment, Molson raised your quarterly dividend by 11.8%, to $0.38 U.S. a share from $0.34 U.S. The new annual rate of $1.52 U.S. yields a solid 2.9%. For all of 2022, the company expects sales will rise 5%. However, rising ingredient and other costs will probably cut its earnings by 6% to $3.91 U.S. a share. The B shares trade at 13.2 times that forecast. Molson Coors is a hold. SNAP-ON INC. $197 is a hold. The company (New York symbol SNA; Conservative-Growth Dividend Payer Portfolio, Manufacturing sector;…

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