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Dividend looks secure despite tariff threat

Canadian Tire gets 15% of the goods it sells from the U.S., so it’s vulnerable to potential tariffs and counter tariffs. However, the company is confident it can replace most of those items from suppliers in Canada and other countries. Meanwhile, investors will continue to benefit from regular dividend hikes and share buybacks.

CANADIAN TIRE CORP....

2 min read

Pat McKeough

Dividend Stocks

New drugs will spur AbbVie’s dividend

ABBVIE INC. $203 is still a buy. The company (New York symbol ABBV; High-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 1.8 billion; Market cap: $365.4 billion; Dividend yield: 3.2%; Dividend Sustainability Rating: Above Average; www.abbvie.com) makes biopharmaceuticals, with leading positions in immunology, oncology, aesthetics, neuroscience and eye care.

With the February 2025 payment, AbbVie raised your quarterly dividend by 5.8%, to $1.64 a shares from $1.55....

1 min read

Pat McKeough

Dividend Stocks

Here are key updates on 3 dividend payers

NORTH WEST COMPANY $48 is a buy. This retailer (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 48.4 million; Market cap: $2.3 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.northwest.ca) sells food and everyday products and services at 227 stores, mainly in northern communities across Canada, as well as in Alaska, the South Pacific and the Caribbean.

With the October 2024 payment, North West raised your quarterly dividend by 2.6%....

2 min read

Pat McKeough

Dividend Stocks

Savings fuel big earnings jump

STANLEY BLACK & DECKER INC. $87 is a buy. The company (New York symbol SWK; Conservative Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 154.4 million; Market cap: $13.4 billion; Dividend yield: 3.8%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools.

With the September 2024 payment, Stanley increased your quarterly dividend by 1.2%, to $0.82 a share from $0.81....

1 min read

Pat McKeough

Dividend Stocks

Decades of dividend hikes boost their appeal

Both of these financial firms are leaders in their niche markets, which helps cut their risk and lets them reward investors with regular dividend increases.

T. ROWE PRICE GROUP INC. $105 is a buy. The company (Nasdaq symbol TROW; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 222.6 million; Market cap: $23.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.troweprice.com) is a leading seller of mutual funds and wealth management services.

The company will raise your quarterly dividend by 2.4% with the March 2025 payment....

2 min read

Pat McKeough

Dividend Stocks

They benefit from slower sales of new cars

These two companies cater to the used car market and should continue to benefit as the uncertain economy prompts drivers to hang on to their current vehicles. However, we still prefer Genuine Parts, as loan losses at Snap-On’s financial services division add to its risk.

GENUINE PARTS CO....

2 min read

Pat McKeough

Dividend Stocks

Acquisitions spur Calian’s revenue

CALIAN GROUP LTD. $43 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.8 million; Market cap: $507.4 million; Dividend yield: 2.6%; Dividend Sustainability Rating: Above Average; www.calian.com) provides business services to the healthcare, defence, security, aerospace, engineering, agriculture and technology industries.

Calian pays a quarterly dividend of $0.28 a share; the annual rate of $1.12 yields 2.6%....

1 min read

Pat McKeough

Dividend Stocks

Lower costs support their dividends

These two beverage makers continue to lower costs and improve efficiency, which will help shield them from any rising input and other costs due to tariffs. For your new buying, we prefer Andrew Peller over Molson Coors.

ANDREW PELLER LTD. $5.11 (class A) remains a buy for long-term gains. The company (Toronto symbol ADW.A; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 43.4 million; Market cap: $221.8 million; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.andrewpeller.com) is Canada’s second-largest wine producer after Arterra Wines.

Peller last raised your quarterly dividend by 10% with the July 2021 payment....

2 min read

Pat McKeough

Dividend Stocks

New assets boost cash flow

BROOKFIELD RENEWABLE PARTNERS L.P. $34 is a buy. The partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 663.2 million; Market cap: $22.5 billion; Distribution yield: 6.3%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) owns 239 hydroelectric generating stations, 230 wind farms, 226 solar facilities, and 7,211 distributed generation and energy storage sites.

With the March 2025 payment, Brookfield will raise your quarterly distribution by 5.1%....

1 min read

Pat McKeough

Dividend Stocks

Two retail REITs with rising distributions

These two retail-focused REITs recently raised their distributions. That follows the continuing resurgence in foot traffic at malls following COVID-19 lockdowns. Both these REITs also benefit from recent acquisitions, which will boost their cash flow and distributions.

CHOICE PROPERTIES REIT $14 is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Cyclical-Growth Payer Portfolio; Manufacturing & Industry sector; Units outstanding: 723.7 million; Market cap: $10.1 billion; Distribution yield: 5.5%; Dividend Sustainability Rating: Above Average; www.choicereit.ca) owns 705 properties, with 67.2 million square feet of retail, industrial, mixed-use and residential space....

2 min read

Pat McKeough

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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.

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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.