Topic: How To Invest

Dividend Advisor Hotline – Friday, January 5, 2018

Article Excerpt

RIOCAN REAL ESTATE INVESTMENT TRUST, $24.40, Toronto symbol REI.UN, owns all or part of 299 shopping centres in Canada. That includes 15 properties now under development. The REIT will now raise its monthly distribution for the first time since 2013. Starting with the February 2018 payment, it increases that distribution by 2.1%. Investors will receive $0.12 a unit each month instead of $0.1175. The new annual rate of $1.44 yields a high 5.9%. Meanwhile, RioCan continues to sell properties to focus on six major urban markets: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver. Its latest deal was the sale of seven malls to CT Real Estate Investment Trust (symbol CRT.UN on Toronto) for $200 million. Canadian Tire Corp. controls that REIT. RioCan’s TSI Dividend Sustainability Rating is Above Average. OUR RECOMMENDATION: RioCan is a buy. RioCan recent coverage January 2018 issue November 2017 issue NUTRIEN LTD., $69.13, Toronto symbol NTR, is the new firm formed by the merger of Agrium Inc. (old symbol AGU) and rival…

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