Worries about the trend to remote work, even as the pandemic lifted, have weighed on these two office-focused REITs. However, their high-quality properties should continue to attract tenants and support their distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $23 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 139.8 million; Market cap: $3.2 billion; Distribution yield: 7.8%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 199 office buildings and 13 properties under development, mainly in major Canadian cities.


With the January 2023 payment, Allied raised its monthly distribution by 2.9%....

BROMPTON LIFECO SPLIT CORP. $5.74 (Toronto symbol LCS; Shares outstanding: 8.2 million; Market cap: $47.0 million; Dividend yield: 15.3%; www.bromptongroup.com) holds shares of Canada’s four largest publicly listed life insurance companies .


These are Sun Life Financial, Manulife Financial, Great-West Lifeco and iA Financial....

Fortis has a nearly 50-year record of annual dividend increases. That’s mainly because its regulated power utilities provide it with plenty of cash flow to service its debt, invest in new projects and reward investors.


The company expects its new spending plan will let it raise your annual payment by between 4% and 6% each year through 2027....

A: Canadian Apartment Properties REIT, $48.67, symbol CAR.UN on Toronto (Units outstanding: 167.4 million; Market cap: $8.2 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks)....

We feel virtually all investors should have some gold exposure, if only because inflation remains a risk for the long term. High-quality gold producers provide your most practical choice. That’s because these stocks let you profit from increases in the price of gold, without the costs for storage and insurance that come with gold coin and bullion investment....

SYNEOS HEALTH INC., $41.62, symbol SYNH on Nasdaq, is a provider of outsourced clinical drug development and commercialization services to pharmaceutical companies. It has two operating segments: Clinical Solutions (75% of revenue) and Commercial Solutions (25%).

On May 10, 2023, Syneos announced that it had agreed to its acquisition by a consortium of investors for $43 a share....

GOODYEAR TIRE & RUBBER CO., $14.02, is still a buy. The stock’s investors (symbol GT on Nasdaq) have bought into one of the world’s largest tiremakers, with 57 plants in 23 countries.

In June 2021, Goodyear acquired Cooper Tire & Rubber Co (symbol CTB on New York) for $2.8 billion....

CISCO SYSTEMS INC., $49.13, Nasdaq symbol CSCO, is a buy.

Through the stock, investors tap a global producer of hardware and software that links and manages computer networks.

Cisco last raised your quarterly dividend with the April 2023 payment....

NEWMONT CORP., $43.66, New York symbol NEM, remains a buy for your long-term growth and as a hedge against inflation.

The company is the world’s largest gold miner, with major mines in North America, South America, Australia, and Africa. In addition to gold, it also produces copper, silver, lead and zinc.

This week, Newcrest Mining Ltd....

EMERA INC., $57.00, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Tampa Electric, which provides electricity to more than 765,000 customers. Its other interests include several power plants and natural gas pipelines in the U.S....