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Canadian Tire continued to rebound as its stores re-opened with the end of COVID-19 lockdowns. The company is also expanding its online business and cutting costs. In fact, it’s so confident in its prospects that it just hiked your dividend by a whopping 25.0%.


CANADIAN TIRE CORP....
WELLS FARGO & CO. $39 remains a buy. The bank (New York symbol WFC; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $148.2 billion; Dividend yield: 2.6%; Dividend Sustainability Rating: Average; www.wellsfargo.com) is third-largest banking firm in the U.S., with total assets of $1.94 trillion.


Due to the COVID-19 pandemic, Wells Fargo cut its quarterly dividend by 80.4% to $0.10 a share with the September 2020 payment....
MOLSON COORS CANADA INC. is still a hold. The company (Toronto symbols TPX.A $74 and TPX.B $67; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.9 million; Market cap: $14.5 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer....
WYNDHAM HOTELS & RESORTS INC. $65 remains a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 92.1 million; Market cap: $6.0 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Average, www.wyndhamhotels.com) is a hotel franchiser with 9,000 properties (810,000 rooms) in 95 countries, across 20 hotel brands....
Concerns that rising interest rates will prompt businesses to spend less on new computer technology has hurt all tech stocks. However, Intel and IBM are in a strong position to endure a downturn without cutting your dividend.


INTEL CORP. $37 is a buy. The world’s largest chipmaker (Nasdaq symbol INTC); Conservative Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.1 billion; Market cap: $151.7 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Above Average; www.intel.com) last raised its quarterly dividend by 5.0% with the March 2022 payment, to $0.365 a share from $0.3475....
COVID-19 lockdowns in Asia have hurt earnings at these top insurance companies. However, they should benefit from rising interest rates as they invest premiums from customers in higher-yielding bonds. That puts them in a good position to reward investors with future dividend hikes.


MANULIFE FINANCIAL CORP....
NUTRIEN LTD. $112 is a buy. The company (Toronto symbol NTR; Cyclical-Growth Payer Portfolio, Resources sector; Shares outstanding: 551.3 million; Market cap: $61.7 billion; Dividend yield: 2.2%; Dividend Sustainability Rating: Above Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers.


Nutrien last raised your quarterly dividend with the April 2022 payment....
Rising interest rates are generally bad news for utility stocks, as they increase their borrowing costs at the same time they make bonds more attractive to investors who might otherwise invest in utilities. However, steady cash flows from Canadian Utilities’ regulated businesses will let it and parent company ATCO keep raising your dividends.


CANADIAN UTILITIES LTD....
PEMBINA PIPELINE CORP. $45 is a buy. The company (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 550.3 million; Market cap: $24.8 billion; Dividend yield: 5.6%; Dividend Sustainability Rating: Above Average; www.pembina.com) operates pipelines that carry half of Alberta’s conventional oil and almost all of B.C.’s oil.


The company has paid dividends since 1997....
These two REITs are shifting their focus to more-profitable properties. That bodes well for future distribution increases.


H&R REAL ESTATE INVESTMENT TRUST $12 is a top pick for 2022. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 279.1 million; Market cap: $3.3 billion; Distribution yield: 4.6%; Dividend Sustainability Rating: Average; www.hr-reit.com) recently spun off most of its retail properties, including all of its enclosed shopping malls, to publicly traded Primaris Real Estate Investment Trust (symbol PMZ.UN on Toronto)....