Topics
INTERNATIONAL BUSINESS MACHINES CORP., $133.78, New York symbol IBM, is a buy.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

In the past few years, IBM has shifted its focus to its more-profitable cloud computing, consulting and mainframe businesses....
THOMSON REUTERS CORP., $178.86, Toronto symbol TRI, is a buy.

The company sells specialized information (mainly through electronic channels) to professionals in the legal, and tax and accounting fields. It also owns the Reuters news service.

Thomson is now buying Casetext, a private firm based in California that uses artificial intelligence (AI) software to help lawyers research previous cases and prepare documents.

The company will pay $650 million U.S....

You Can See Our Income-Growth Dividend Payer Portfolio For July 2023 here.


You can’t fake a record of dividends....
GENUINE PARTS CO. $165 is a buy. The company (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 143.2 million; Market cap: $23.6 billion; Dividend yield: 2.3%; Dividend Sustainability Rating: Above Average; www.genpt.com) is a leading seller of replacement auto parts....

Sun Life recently acquired a U.S. firm that specializes in dental insurance. The company is also benefitting from rising interest rates, which is letting it earn higher returns on its bond portfolio. Those factors should continue to let it keep raising your dividend.


SUN LIFE FINANCIAL INC....

TRANSCONTINENTAL INC. $14 is still a buy. Canada’s largest commercial printing company (Toronto symbol TCL.A; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 86.6 million; Market cap: $1.2 billion; Dividend yield: 6.4%; Dividend Sustainability Rating: Above Average; www.tctranscontinental.com) last raised your dividend with the April 2020 payment....

GEN DIGITAL INC. $18 is a buy. The company (Nasdaq symbol GEN; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 639.1 million; Market cap: $11.5 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Average; www.gendigital.com) changed its name from NortonLifeLock (old symbol NLOK) following its September 2022 acquisition of European cybersecurity firm Avast plc for $8.1 billion....

STANLEY BLACK & DECKER INC. $92 remains a buy for long-term gains. The company (New York symbol SWK; Conservative Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 153.1 million; Market cap: $14.1 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 2022 payment, Stanley raised your quarterly dividend by 1.3%....
The shares of these two suppliers of heavy equipment continue to rebound as construction activity picks up following the end of COVID-19 lockdowns. That’s also giving them more cash for dividends.


FINNING INTERNATIONAL INC. $41 is a buy. The company (Toronto symbol FTT; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 149.3 million; Market cap: $6.1 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America, the U.K....
Fears that higher interest rates and inflation will hurt loan demand and credit card use have hurt the shares of Canada’s big banks in the past few months. However, those banks remain well capitalized. In fact, in a sign of confidence, these two banks just raised their dividends.


BANK OF MONTREAL $118 is a buy. The bank (Toronto symbol BMO; Income-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 677.1 million; Market cap: $79.9 billion; Dividend yield: 5.0%; Dividend Sustainability Rating: Highest; www.bmo.com) will raise your quarterly dividend with the August 2023 payment, by 2.8%, to $1.47 a share from $1.43....