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Updating your Cyclical-Growth Payers: Russel Metals

RUSSEL METALS INC. $42 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 58.7 million; Market cap: $2.5 billion; Dividend yield: 4.0%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is a leading metals distributor in North America, with more than 30,000 end customers.

With the June 2024 payment, Russel raised your quarterly dividend by 5.0%, to $0.42 a share from $0.40....

1 min read

Pat McKeough

Dividend Stocks

Earn high income and tap into AI demand

Utility stocks like Fortis continue to offer investors a strong combination of steady growth and rising dividends. That’s because regulators help ensure utilities have sufficient cash flows to fund new projects and service their debt loads. Demand for new power sources is also rising as big technology companies, for example, build datacentres to handle energy-intensive artificial intelligence programs.

FORTIS INC....

2 min read

Pat McKeough

Dividend Stocks

Hold South Bow for its high yield

SOUTH BOW CORP. $36 is a hold. This new company (Toronto symbol SOBO; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 207.6 million; Market cap: $7.5 billion; Dividend yield: 8.0%; Dividend Sustainability Rating: Average; www.southbow.com) operates a 4,900-kilometre pipeline network that pumps crude oil from Alberta to refineries in Illinois, Oklahoma and the U.S....

1 min read

Pat McKeough

Dividend Stocks

Here are key updates for dividend investors

NEWELL BRANDS INC. $10 remains a hold. The company (Nasdaq symbol NWL; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 416.0 million; Market cap: $4.2 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Average; www.newellbrands.com) makes a wide range of consumer and household products such as PaperMate pens, Elmer’s glue, Rubbermaid food containers, and Graco baby strollers.

With the June 2023 payment, Newell cut its quarterly dividend by 69.6%, to $0.07 a share from $0.23....

2 min read

Pat McKeough

Dividend Stocks

Earnings could rise 6% in 2025

RTX CORP. $125 is a buy. The company (New York symbol RTX; Conservative-Growth Payer Portfolio; Manufacturing sector; Shares outstanding: 1.3 billion; Market cap: $162.5 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.rtx.com) is a leading maker of commercial aircraft equipment, electronic systems for military aircraft, and guided missiles.

With the June 2024 payment, RTX raised your quarterly dividend by 6.8%, to $0.63 a share from $0.59....

1 min read

Pat McKeough

Dividend Stocks

Travel rebound still fueling their dividends

These two stocks continue to rebound on still-rising demand for travel in the wake of the COVID-19 pandemic. That should let them keep rewarding investors with higher dividends.

TRAVEL + LEISURE CO. $54 is a buy. The company (New York symbol TNL; Cyclical-Growth Payer Portfolio, Consumer sector; Shares o/s: 68.4 million; Market cap: $3.7 billion; Dividend yield: 3.7%; Dividend Sustainability Rating: Above Average; www.travelandleisureco.com) is the world’s largest vacation-ownership and exchange company with over 270 timeshare resorts and 804,000 owners.

With the March 2024 payment, Travel + Leisure increased your quarterly dividend by 11.1% to $0.50 a share from $0.45....

2 min read

Pat McKeough

Dividend Stocks

New outlets should spur their dividends

Our two leading fast-food companies continue to add new outlets and to improve their menus and services. Expect both of those factors to keep lifting their dividends.

MCDONALD’S CORP. $290 is a buy. The company (New York symbol MCD; Income-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 716.6 million; Market cap: $207.8 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Highest; www.mcdonalds.com) is the world’s largest fast-food chain, with 42,819 restaurants in over 100 countries....

3 min read

Pat McKeough

Dividend Stocks

Metro lifts your dividend

METRO INC. $92 is a buy. The company (Toronto symbol MRU; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 221.4 million; Market cap: $20.4 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Highest; www.metro.ca) operates 995 grocery stores and 639 drugstores, in Quebec, Ontario and New Brunswick.

With the March 2025 payment, Metro will raise your quarterly dividend by 10.4%....

1 min read

Pat McKeough

Dividend Stocks

Two food makers for dependable income

These two leading foodmakers have a long history of regular dividend payments. However, their sales growth remains weak due to changing consumer tastes.

SAPUTO INC. $24 is a hold. The company (Toronto symbol SAP; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 424.4 million; Market cap: $10.2 billion; Dividend yield: 3.2%; Dividend Sustainability Rating: Above Average; www.saputo.com) is Canada’s largest producer of dairy products....

2 min read

Pat McKeough

Dividend Stocks

Good quarter for AT&T

AT&T INC. $24 is a buy. The company (New York symbol T; Income-Growth Portfolio, Utilities sector; Shares outstanding: 7.2 billion; Market cap: $172.8 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; www.att.com) merged its WarnerMedia entertainment business with Discovery Inc....

1 min read

Pat McKeough

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Investors Association of Canada
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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.

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.