Here are key updates to build your returns: Pembina Pipeline Corp., Extendicare Inc. and Leon’s Furniture

Article Excerpt

PEMBINA PIPELINE CORP. $34 is a buy. The company (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares o/s: 550.0 million; Market cap: $18.7 billion; Divd. yield: 7.4%; Divd. Sustainability Rating: Above Average; last increased its monthly dividend by 5.0% with the January 2020 payment, to $0.21 a share from $0.20. The new annual rate of $2.52 yields a high 7.4%. In December 2019, Pembina acquired pipeline operator Kinder Morgan Canada for $2.3 billion. In addition, it paid the U.S. parent of Kinder Morgan $1.6 billion for the U.S. portion of the Cochin pipeline. Despite those new operations, revenue in the third quarter of 2020 fell 7.7%, to $1.57 billion from $1.70 billion a year earlier. That’s because lower oil prices and demand hurt revenue at Pembina’s marketing division. The company also paid more corporate tax in the quarter, after deferring payments earlier in 2020 due to the COVID-19 pandemic. That’s why its cash flow decreased 1.1%, to $524 million from $530 million; per-share…

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