Premium products spur its dividend

Article Excerpt

ANDREW PELLER LTD. $14 (Toronto symbol ADW.A; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 44.2 million; Market cap: $618.8 million; Dividend yield: 1.5%; Dividend Sustainability Rating: Above Average; www.andrewpeller.com) is Canada’s second-largest producer of wines, after Arterra Wines. Starting with the July 2019 payment, Peller raised its quarterly dividend by 4.9% to $0.05375 a share from $0.05125. The new annual rate of $0.215 yields 1.5%. Peller continues to expand beyond wines. Through an alliance with hockey star Wayne Gretzky, it has launched a new craft beer called No. 99 Rye Lager. Demand for premium-priced beverages like these remains strong, which should continue to spur company earnings. Andrew Peller is a buy. buy…