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TC Energy plans to spinoff of its oil pipeline operations as a separate firm later this year. The remaining firm will focus on its natural gas pipelines and electrical power plants.
Studies show that spun-off stocks, and the companies that spin them off, tend to do better on average than comparable companies not involved in spinoffs.
What’s more TC promises that the combined dividend of the two firms will be no less than its annual dividend rate just prior to the split....
Studies show that spun-off stocks, and the companies that spin them off, tend to do better on average than comparable companies not involved in spinoffs.
What’s more TC promises that the combined dividend of the two firms will be no less than its annual dividend rate just prior to the split....
You Can See Our WSSF Conservative Growth Portfolio For April 2024 Here.
We designed our TSINetwork Ratings to give you an idea of the invest...
PROCTER & GAMBLE CO. $162 (www.pg.com) is a buy. The consumer product giant Procter expects its sales in the fiscal year ending June 30, 2024, will rise between 4% and 5%....
Becton Dickinson’s shares hit an all-time high of $280 in July 2023, but have moved down 15% on weaker demand for its COVID-19 testing kits. However, the company should benefit from stronger demand for its syringes due to increasing use of injectable weight-loss drugs like Ozempic....
STATE STREET CORP. $74 is a buy. The company (New York symbol STT; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 301.9 million; Market cap: $22.3 billion; Price-to-sales ratio: 2.0; Dividend yield: 3.7%; TSINetwork Rating: Average; www.statestreet.com) sells accounting and administrative services to operators of mutual funds and pension plans.
Revenue in the three months ended December 31, 2023, fell 3.5%, to $3.04 billion from $2.69 billion a year earlier....
ABB LTD. ADRs $48 is a buy. This Swiss-based company (Over-the-counter Pink Sheets symbol ABBNY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs o/s: 1.8 billion; Market cap: $86.4 billion; Price-to-sales ratio: 2.7; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.abb.com) is a leading maker of electrical transformers, transmission systems and circuit breakers for electrical utilities....
CANON INC. ADRs $30 remains a hold. The Japanese conglomerate (Over-the-counter Pink Sheets market symbol CAJPY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.1 billion; Market cap: $33.0 billion; Price-to-sales ratio: 1.1; Dividend yield: 3.1%; TSINetwork Rating: Above Average; www.canon.com) recently developed a new way to manufacture of computer chips.
Called “nanoimprint lithography,” this method stamps chip designs onto silicon wafers instead of carving them using light....
On November 3, 2021, IBM spun off its legacy business focused on helping corporate and government clients manage their datacentres. Investors received one Kyndryl share for every five IBM shares they held.
We still prefer IBM for your new buying, due to its ability to tap into rising client demand for cloud computing and artificial intelligence software....
We still prefer IBM for your new buying, due to its ability to tap into rising client demand for cloud computing and artificial intelligence software....
GANNETT CO. INC. $2.18 is a hold. The company (New York symbol GCI; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 148.8 million; Market cap: $324.4 million; Price-to-sales ratio: 0.1; Dividend suspended in 2020; TSINetwork Rating: Speculative; www.gannett.com) publishes daily and weekly newspapers in 220 local markets in 43 states....
On October 16, 2023, the old NCR Corp. (New York symbol NCR) completed its plan to split itself into two separate firms. One (called NCR Atleos) focuses on ATMs, and the other (called NCR Voyix) focuses on digital commerce businesses.
Investors received one share of NCR Atleos for every two NCR shares they held....