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WALMART INC. $161 is a buy. The company (New York symbol WMT; Conservative Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 2.7 billion; Market cap: $434.7 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Highest; www.walmart.com) is the world’s largest retailer, with 10,500 outlets in 19 countries.


With the April 2023 payment, Walmart raised your quarterly dividend by 1.8%....

STARBUCKS CORP. $92 is a buy for aggressive investors. The company (Nasdaq symbol SBUX; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 1.15 billion; Market cap: $105.8 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.starbucks.comwww.starbucks.com) is a leading seller and roaster of specialty coffee....
Lawsuits and product recalls have weighed on these two U.S. industrial stocks this past year. Despite the setbacks, we feel their dividends are attractive and safe.


3M COMPANY $93 remains a buy for long-term gains. The diversified manufacturer (New York symbol MMM; Income-Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 552.3 million; Market cap: $51.4 billion; Dividend yield: 6.5%; Dividend Sustainability Rating: Above Average; www.3m.com) last raised your quarterly dividend with the March 2023 payment....
Due to higher interest rates, these two leading U.S. banks continue to set aside more funds to cover potential future loan losses. At the same time, they are earnings more interest income on their loans. Despite higher rates, loan demand remains steady, which should let them keep raising your dividends.


J.P....

CANADIAN IMPERIAL BANK OF COMMERCE $61 is a buy. The bank (Toronto symbol CM; Income-Growth Portfolio, Finance sector; Shares outstanding: 904.7 million; Market cap: $55.2 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Highest; www.cibc.com) is raising your quarterly dividend by 3.4%....

Insurance companies are vulnerable to catastrophic events and other unforeseen events like COVID-19. However, these two insurers continue to benefit as higher interest rates boost returns from their fixed-income securities (mainly bonds). That should let them keep raising your dividends.


INTACT FINANCIAL CORP....
DREAM OFFICE REIT $11 is a buy. The REIT (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 37.9 million; Market cap: $416.9 million; Dividend yield: 9.1%; Dividend Sustainability Rating: Average; www.dream.ca) owns 28 office properties, including two under development....
These two renewable energy producers are selling some of their less-important assets and using the proceeds to pay down their debt. That will cut their future interest costs, and let them maintain their current dividend payments.


ALGONQUIN POWER & UTILITIES CORP....
FINANCIAL 15 SPLIT CORP. $7.81 (Toronto symbol FTN; Shares o/s: 47.4 million; Market cap: $370.2 million; Dividend yield: 19.5%; www.quadravest.com) holds shares of 15 big Canadian and U.S....
For 2024, we’ve selected Canadian Tire, IBM and Choice Properties REIT as our top three picks for dividend investors.


All three are market leaders and have a long history of regular income payments, even during economic downturns. That cuts your risk....