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POWER CORP. OF CANADA $51 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 644.8 million; Market cap: $32.9 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West and IGM....

1 min read

Pat McKeough

Dividend Stocks

Swapping assets improves their focus

Both Great-West and IGM recently exchanged some assets as part of a plan to better concentrate on their main businesses. We like both but still see IGM as the better pick.

GREAT-WEST LIFECO INC. $54 is a hold. The company (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 932.1 million; Market cap: $50.3 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer after Manulife Financial....

2 min read

Pat McKeough

Dividend Stocks

New projects will fuel your dividends

These two pipeline firms continue to add new projects backed by long-term shipping contracts. Those steady cash flows will let them reward investors with higher dividends.

PEMBINA PIPELINE CORP. $57 is a buy. The company (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 580.6 million; Market cap: $33.1 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.pembina.com) operates pipelines that carry half of Alberta’s conventional oil and almost all of B.C.’s oil.

The company has paid dividends continuously since 1997....

3 min read

Pat McKeough

Dividend Stocks

Acquisition spurs RBI’s sales

RESTAURANT BRANDS INTERNATIONAL INC. $97 is a buy for aggressive investors. The fast-food operator (Toronto symbol QSR, High-Growth Dividend Payer Portfolio; Consumer sector; Shares outstanding: 452.0 million; Market cap: $43.8 billion; Dividend yield: 3.6%; Dividend Sustainability Rating: Above Average; www.rbi.com) will raise your quarterly dividend by 6.9% with the April 2025 payment....

1 min read

Pat McKeough

Dividend Stocks

Food makers adjust to changing tastes

As consumers shift to healthier foods, these two Consumer-sector companies are adjusting their products and cutting their costs. That should help protect their dividends.

CAMPBELL’S CO. $39 is a buy. The company (Nasdaq symbol CPB; Conservative-Growth Payer Portfolio, Consumer sector; Shares outstanding: 298.1 million; Market cap: $11.6 billion; Dividend yield: 4.0%; Dividend Sustainability Rating: Above Average; www.thecampbellscompany.com) makes soups, sauces and snack foods.

With the January 2025 payment, Campbell’s will raise your quarterly dividend by 5.4%, to $0.39 a share from $0.37....

2 min read

Pat McKeough

Dividend Stocks

H&R just paid a special distribution

H&R REAL ESTATE INVESTMENT TRUST $10 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 262.6 million; Market cap: $2.6 billion; Distribution yield: 6.0%; Dividend Sustainability Rating: Average; www.hr-reit.com) has 374 residential, industrial, office and retail properties in Canada and the U.S....

1 min read

Pat McKeough

Dividend Stocks

Office REITs continue to recover

Demand for office space continues to recover from the COVID-19 pandemic and the shift to remote work. That will help these two REITs maintain their distributions.

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $17 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0 million; Market cap: $2.2 billion; Distribution yield: 10.6%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 188 office buildings and nine properties under development....

2 min read

Pat McKeough

Dividend Stocks

A Yield to Caution: Exchange Income Corp.

EXCHANGE INCOME CORP. $51 (Toronto symbol EIF; Shares outstanding: 51.3 million; Market cap: $2.6 billion; Dividend yield: 5.2%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.

Aviation (62% of its revenue) serves communities in Manitoba, Ontario, Nunavut and eastern Canada through regional airlines....

1 min read

Pat McKeough

Dividend Stocks

Dividend looks secure despite tariffs

CIBC recently announced that Victor Dodig will step down as CEO in October 2025. His replacement, Harry Culham, currently heads the bank’s capital markets division.

We expect the new CEO will continue to focus on cutting non-interest costs, which will help the bank offset any negative impact on loan demand and repayments due to U.S....

2 min read

Pat McKeough

How To Invest

Q: Pat, what do you think are the prospects for Brinker International going forward? Thank you.

A: Brinker International Inc., $156.18, symbol EAT on New York (Shares outstanding: 44.4 million; Market cap: $6.9 billion; www.brinker.com), is a casual dining restaurant company.

Norman Brinker started the company in Dallas, Texas, in 1975....

4 min read

Pat McKeough

Testimonials

The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

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Financial Post Columnist
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I appreciate the 25 years of above market returns I received by following your advice. at least 95% of my investment decisions were based on TSI recommendations.

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Subscriber since 1996. Inner Circle Member Since 2006
The newsletters I receive in Inner Circle Pro are fantastic! I have been following Pat’s advice for years and everything he has said has been amazing. His commentaries are brilliant, insightful, educational, rational and balanced. My returns are almost double the TSE and I have referred many of my friends who have switched over to your services.

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Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.