Updating Saputo Inc., Gannett Co., Inc., and Stanley Black & Decker Inc.

Article Excerpt

SAPUTO INC. $41 (Toronto symbol SAP; High-Growth Payer Portfolio, Consumer sector; Shares o/s: 388.8 million; Market cap: $15.9 billion; Dividend yield: 1.5%; Dividend Sustainability Rating: Above Average; www.saputo.com) is Canada’s largest producer of dairy products. It also operates dairies in the U.S., Australia and Argentina. The company last raised its quarterly dividend in September 2018. Investors now receive $0.165 a share, up 4.0% from $0.16. The new annual rate of $0.66 yields 1.6%. The company has completed its purchase of F&A Dairy Products, Inc. That privately held firm makes natural cheeses, including mozzarella and provolone, at plants in New Mexico and Wisconsin. Saputo paid $85 million U.S. for that business when it completes the purchase by the end of 2018. The new operations will add $216 million (Canadian) to the company’s annual revenue of $11.5 billion. Saputo is a hold. GANNETT CO., INC. $10 (New York symbol GCI; Cyclical-Growth Payer Portfolio, Consumer sector: Shares outstanding: 113.1 million; Market cap: $1.1 billion; Dividend yield: 6.4%; Dividend Sustainability Rating: Average; www.gannett.com) publishes newspapers…

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