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CANADIAN NATIONAL RAILWAY CO., $159.60, Toronto symbol CNR, remains a buy for long-term gains.

CN operates Canada’s largest railway. Its 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

The stock fell 4% this week after the company reported lower-than-expected quarterly results....

You Can See Our Conservative Growth Dividend Payer Portfolio for August 2024 Here.


You can’t fake a record of dividends....
POWER CORP. OF CANADA $39 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 649.2 million; Market cap: $25.3 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds)....
Sales of drug maker AbbVie’s main product, Humira, have suffered lately due to competition from generic versions. However, recent acquisitions have strengthened the pharmaceutical giant’s development portfolio; that bodes well for more dividend increases.


ABBVIE INC....
PEPSICO INC. $168 is a hold. The company (Nasdaq symbol PEP; Conservative-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 1.4 billion; Market cap: $235.2 billion; Dividend yield: 3.2%; Dividend Sustainability Rating: Above Average; www.pepsico.com) is the world’s second-largest soft-drink maker after Coca-Cola....
CALIAN GROUP LTD. $56 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.9 million; Market cap: $666.4 million; Dividend yield: 2.0%; 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 2.0%....

GEN DIGITAL INC. $25 is a buy. The company (Nasdaq symbol GEN; High-Growth Dividend Payer Portfolio, Consumer sector; Shares o/s: 626.1 million; Market cap: $15.7 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Average; www.gendigital.com) owns several security-related consumer brands, including Norton, LifeLock, and Avast, in addition to Avira, AVG, and CCleaner.


The company last raised your quarterly dividend by 66.7% in December 2019....
It now looks like the U.S. Federal Reserve will cut its benchmark interest rate in the next few months. Lower rates would ease the pressure on borrowers looking to renew mortgages and other loans at these two leading U.S. banks. They will also have to pay out less to attract depositors....
Even though China’s economic growth as slowed lately, these two fast-food giants continue to expand in that country. We feel these investments will ultimately pay off, which will let them keep raising their dividends.


STARBUCKS CORP. $75 is a buy for aggressive investors. The company (Nasdaq symbol SBUX; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 1.13 billion; Market cap: $84.8 billion; Dividend yield: 3.0%; Dividend Sustainability Rating: Above Average; www.starbucks.com) is a leading seller and roaster of specialty coffee....
BROADRIDGE FINANCIAL SOLUTIONS INC. $203 is a buy. The company (New York symbol BR; High-Growth Payer Portfolio, Finance sector; Shares outstanding: 118.2 million; Market cap: $24.0 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Above Average; www.broadridge.com) is best known for processing and distributing proxies and regulatory filings....