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Here are key updates for dividend investors

TRAVEL + LEISURE CO. $60 is a buy. The company (New York symbol TNL; Cyclical-Growth Payer Portfolio, Consumer sector; Shares o/s: 65.0 million; Market cap: $3.9 billion; Dividend yield: 3.7%; Dividend Sustainability Rating: Above Average; www.travelandleisureco.com) is the world’s largest vacation-ownership and exchange company with over 270 timeshare resorts and 804,000 owners.

With the March 2025 payment, Travel + Leisure increased your quarterly dividend by 12.0%, to $0.56 a share from $0.50. The annual rate of $2.24 yields 3.7%.

2 min read

Pat McKeough

Dividend Stocks

Wildfires hurt North West’s sales

NORTH WEST COMPANY $49 is a buy. This retailer (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 47.7 million; Market cap: $2.3 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.northwest.ca) sells food and everyday products and services at 229 stores, mainly in northern communities across Canada, as well as in Alaska, the South Pacific and the Caribbean.

1 min read

Pat McKeough

Dividend Stocks

Rising markets support their dividends

IGM FINANCIAL INC. $51 is a buy. The company (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 235.8 million; Market cap: $12.0 billion; Dividend yield: 4.4%; Dividend Sustainability Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent asset management provider. Power Corp. owns 62.2% of the firm.

IGM last raised your quarterly dividend by 4.7% with the January 2015 payment. The current annual rate of $2.25 a share yields a high 4.4%.

2 min read

Pat McKeough

Dividend Stocks

We still see their dividends as secure

CAMPBELL’S CO. $34 is a buy. The company (Nasdaq symbol CPB; Conservative-Growth Payer Portfolio, Consumer sector; Shares outstanding: 298.0 million; Market cap: $10.1 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; www.thecampbellscompany.com) makes soups, sauces and snack foods. It has two operating segments: Meals & Beverages (63% of revenue) and Snacks (37%).

With the January 2025 payment, Campbell’s raised your quarterly dividend by 5.4%, to $0.39 a share from $0.37. The annual rate of $1.56 yields 4.6%.

2 min read

Pat McKeough

Dividend Stocks

2025 makes 19 years of dividend hikes

VERIZON COMMUNICATIONS INC. $43 is a buy. The company (New York symbol VZ; Income-Growth Portfolio, Utilities sector, Shares outstanding: 4.2 billion; Market cap: $180.6 billion; Dividend yield: 6.4%; Dividend Sustainability Rating: Highest; www.verizon.com) is the second-largest wireless carrier in the U.S. after AT&T, with 146.1 million subscribers (consumers and businesses) as of June 30, 2025. It also sells traditional telephone lines, high-speed Internet and TV services.

1 min read

Pat McKeough

Dividend Stocks

High-quality properties support these yields

H&R REAL ESTATE INVESTMENT TRUST $12 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 262.6 million; Market cap: $3.2 billion; Distribution yield: 5.0%; Dividend Sustainability Rating: Average; www.hr-reit.com) has 365 residential, industrial, office and retail properties in Canada and the U.S. Its occupancy rate is a solid 93.0%.

The REIT plans to sell its office and retail properties over the next few years. That will let it focus on its more-promising residential properties in Toronto, Vancouver, Montreal and U.S. Sun Belt and Gateway cities (generally, cities that are home to corporate headquarters, and large educational and cultural institutions).

2 min read

Pat McKeough

Dividend Stocks

The ins and outs of ... setting price targets for your stocks

1 min read

Pat McKeough

Dividend Stocks

A Yield to Caution

CANOE EIT INCOME FUND $15.36 (Toronto symbol EIT.UN; Units o/s: 183.8 million; Market cap: $2.8 billion; Divd. yield: 7.8%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend paying stocks. Canadian stocks account for 52.3% of its holdings, followed by U.S. stocks at 44.2%.

Canoe pays a monthly distribution of $0.10 a unit; the stock yields a high 7.8%. However, the fund’s yield may only be sustainable if stock markets keep rising. Canoe EIT’s portfolio does not pay enough dividend income to cover its distributions to its unitholders, after allowing for management expenses and fees.

1 min read

Pat McKeough

Dividend Stocks

Leon’s offers you value and income

LEON’S FURNITURE LTD. $29 is a buy. The retailer (Toronto symbol LNF; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 68.3 million; Market cap: $2.0 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Average; www.leons.ca) operates 300 stores, mainly under the Leon’s, The Brick, and Appliance Canada banners. Those locations sell furniture and home appliances. Franchisees operate 98 (32.7%) of the outlets.

2 min read

Pat McKeough

How To Invest

Here’s our WSSF Income-Seeking Portfolio for October 2025

This month, we are updating our WSSF Portfolio for Income-Seeking Investors.

This portfolio is a good starting point for investors who need income. It’s also a starting point for conservative investors, since regular dividends are an indicator of investment quality.

Check our Ratings

All investors should invest mainly in stocks from our “Average” or higher TSINetwork Ratings.

1 min read

Pat McKeough

Testimonials

The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

Jonathan Chevreau
Financial Post Columnist
As a manager of more than $500 million in mutual funds, I have access to the best brokerage research available in this country. But I still take time to read Pat McKeough’s premium newsletters

John Sartz
I appreciate the 25 years of above market returns I received by following your advice. at least 95% of my investment decisions were based on TSI recommendations.

Chuck J.
Subscriber since 1996. Inner Circle Member Since 2006
The newsletters I receive in Inner Circle Pro are fantastic! I have been following Pat’s advice for years and everything he has said has been amazing. His commentaries are brilliant, insightful, educational, rational and balanced. My returns are almost double the TSE and I have referred many of my friends who have switched over to your services.

Walter H.
Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.