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CHEVRON CORP. $155 is a buy. The integrated oil producer (New York symbol CVX; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $294.5 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Above Average; www.chevron.com) raised your quarterly dividend by 7.9% with the March 2024 payment....
IGM FINANCIAL INC. $35 is a buy. The company (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 238.2 million; Market cap: $8.3 billion; Dividend yield: 6.4%; Dividend Sustainability Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent asset management provider with $247.5 billion in assets under management and administration as of February 29, 2024....
PFIZER INC. $28 is a buy. The drugmaker (New York symbol PFE; Income-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 5.6 billion; Market cap: $156.8 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Highest; www.pfizer.com) raised your annual dividend rate by 2.4% with the March 2024 payment, to $0.42 a share from $0.41....

These two makers of tools and household products are aggressively cutting costs, which helps support their dividend payments. However, we prefer Stanley for your new buying.


STANLEY BLACK & DECKER INC. $93 is a buy. The company (New York symbol SWK; Conservative Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 153.8 million; Market cap: $14.3 billion; Dividend yield: 3.5%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools.


With the September 2023 payment, the company raised your quarterly dividend by 1.3%, to $0.81 a share from $0.80....
These two grocers have a long history of regular dividend increases. Their investments in new stores and equipment should also give them more room to reward investors. That’s why we assign them our “Highest” Dividend Sustainability Rating.


LOBLAW COMPANIES LTD....

RESTAURANT BRANDS INTERNATIONAL INC. $109 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: $49.3 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.rbi.com) will raise your quarterly dividend by 5.5% with the April 2024 payment, to $0.58 U.S....
Utility stocks are a great way for income-seeking investors to spur their long-term returns. That’s because regulators set the rates they charge high enough to give those utilities enough cash to invest in new projects, service their debt and pay dependable dividends.


ALTAGAS LTD....

H&R REAL ESTATE INVESTMENT TRUST $9.01 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 261.9 million; Market cap: $2.4 billion; Distribution yield: 6.7%; Dividend Sustainability Rating: Average; www.hr-reit.com) owns 387 residential, industrial, office and some retail properties in Canada and the U.S....

We’re always disappointed when our recommendations cut their dividends, such as Innergex and Dream Office REIT. However, both of those stocks moved up on the news, as the lower payouts will give the companies room to keep improving their businesses. Even though their yields remain high, their payouts are now much more sustainable


INNERGEX RENEWABLE ENERGY INC....
ISHARES S&P/TSX CANADIAN DIVIDEND ARISTOCRATS INDEX ETF $32 (Toronto symbol CDZ; Units outstanding: 28.1 million; Market cap: $899.2 million; Dividend yield: 3.95%; www.blackrock.com/ca) aims to mirror the performance of the S&P/TSX Canadian Dividend Aristocrats Index.


The ETF holds 91 stocks....