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Shares of medical device makers Becton Dickinson and Baxter have stayed in a narrow range for the past two years as the COVID-19 pandemic forced hospitals to postpone routine procedures.


Now that the pandemic is easing, we feel both companies—and their shares—are poised for solid gains over the next few years....
3M COMPANY $144 remains a buy for long-term gains. The company (New York symbol MMM; Income-Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 571.1 million; Market cap: $82.2 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Above Average; www.3m.com) makes more than 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices....
Even though the COVID-19 pandemic is easing and restaurants are re-opening, we expect many consumers will continue to eat most of their meals at home. As well, it’s likely that more of them will embrace online ordering and home delivery. Those trends should continue to fuel Metro’s share price—and your dividend.


METRO INC....
PFIZER INC. $49 is a buy. The company (New York symbol PFE; Income-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 5.6 billion; Market cap: $274.4 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Highest; www.pfizer.com) is one of the world’s largest makers of prescription drugs....
NEWELL BRANDS INC. $24 remains a hold. The consumer products maker (Nasdaq symbol NWL; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 425.5 million; Market cap: $10.2 billion; Dividend yield: 3.8%; Dividend Sustainability Rating: Above Average; www.newellbrands.com) last raised its quarterly dividend with the June 2017 payment....
SNAP-ON INC. $203 is a hold. The company (New York symbol SNA; Conservative-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 53.4 million; Market cap: $10.8 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Above Average; www.snapon.com) makes tools for auto mechanics and industrial customers.


With the December 2021 payment, Snap-On raised your quarterly dividend 15.4%, to $1.42 a share from $1.23....
The dividends from producers of commodities tend to vary with the price of those underlying commodities. The best picks for income-seeking investors are those with the scale to absorb short-term commodity price declines without cutting your dividend. Those income picks include Chevron and Nutrien.


CHEVRON CORP....
The installation of new 5G wireless networks—up to 100 faster than current systems—is starting to contribute to the earnings of leading telecoms. The influx of new subscribers should also let them continue to raise your dividends.


TELUS CORP....
CALIAN GROUP LTD. $58 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.3 million; Market cap: $655.4 million; Dividend yield: 1.9%; Dividend Sustainability Rating: Above Average; www.calian.com) provides business services to the healthcare, defence, security, aerospace, engineering, agriculture and technology industries.


Calian pays a quarterly dividend of $0.28 a share; the annual rate of $1.12 yields 1.9%....
The shares of these two suppliers of heavy equipment continue to rebound strongly from their March 2020 lows. Finning is now up 145%, while Toromont has gained 70%. Both are also rewarding investors with higher dividends.


FINNING INTERNATIONAL INC....