Topic: How To Invest

Dividend Advisor Hotline – Thursday, April 9, 2020

Article Excerpt

CHOICE PROPERTIES REIT, $13.83, Toronto symbol CHP.UN, is a top pick for 2020. Choice acquired Canadian REIT (old symbol REF.UN) on May 7, 2018. The merger created Canada’s biggest real estate investment trust: 724 retail, industrial and office properties totalling 65.6 million square feet of leasable area. The REIT’s investors get monthly distributions of $0.061667 a unit. The annual rate of $0.74 gives you a high yield of 5.4%. That payment still looks safe despite the COVID-19 pandemic. Loblaw and other food sellers like Dollarama and Sobeys account for roughly 58% of its rental revenue. Governments have designated those businesses as “essential,” so they can continue to operate and pay rent. For its other tenants, who have had to temporarily shut down, Choice is letting them defer rental payments for 60 days. The REIT’s TSI Dividend Sustainability Rating remains Above Average. Choice Properties REIT recent coverage: Hotline for February 14, 2020 February 2020 issue TC ENERGY INC., $66.28, Toronto symbol TRP, is a buy. TC generates steady cash…