Updating Thomson Reuters Corp., Toromont Industries Ltd. and Genuine Parts Co.

Article Excerpt

THOMSON REUTERS CORP. $57 (Toronto symbol TRI; Conservative Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 714.7 million; Market cap: $40.7 billion; Dividend yield: 3.0%; Dividend Sustainability Rating: Highest; www.thomsonreuters.com) sells information products to financial clients such as banks and brokerages. It also sells specialized information to professionals in the legal and accounting fields. In addition, it owns the Reuters news service. The company last raised its quarterly dividend by 1.5% with the March 2017 payment. Investors now receive $0.345 U.S. a share instead of $0.34 U.S. The new annual rate of $1.38 U.S. yields 3.0%. The company should earn $2.44 U.S. a share for all of 2017. The stock trades at 18.9 times that forecast. The multiple is reasonable considering Thomson’s recurring subscriptions account for a high 86% of its total revenue. Thomson Reuters is a buy. TOROMONT INDUSTRIES LTD. $57 (Toronto symbol TIH; High-Growth Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 78.5 million; Market cap: $4.5 billion; Dividend yield: 1.3%; Dividend…