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Here’s our Conservative-Growth Dividend Payer Portfolio for August 2025

You can’t fake a record of dividends. That’s why we place a high value on a sustained history of dividend payments. When you’re looking for income-producing stocks, a high dividend yield should also be one of your most important investment considerations. But that shouldn’t come at the expense of sustainability.

Our exclusive TSI Dividend Sustainability Rating System uses eight factors to determine a company’s ability to maintain its current dividend, and increase the payment over time.

1 min read

Pat McKeough

Dividend Stocks

Updating your Conservative-Growth Payers: Walmart Inc.

WALMART INC. $96 is a buy. The company (New York symbol WMT; Conservative Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 8.0 billion; Market cap: $768.0 billion; Dividend yield: 1.0%; Dividend Sustainability Rating: Highest; www.walmart.com) is the world’s largest retailer with over 10,660 outlets in 19 countries.

Walmart has raised your annual dividend rate each year for the past 52 years. It last increased the quarterly payment in April 2025, to $0.235 a share, up 13.3% from $0.2075. The new annual rate of $0.94 yields 1.0%.

1 min read

Pat McKeough

Dividend Stocks

You can count on this high-quality REIT

Choice Properties REIT continues to add quality properties to its portfolio. It also gets most of its revenue from retailers that have a high degree of repeat traffic, such as grocery and drug stores. These factors give it plenty of steady cash flow to keep raising your distributions.

2 min read

Pat McKeough

Dividend Stocks

3M expects lower tariff hit

3M COMPANY $151 remains a buy for long-term gains. The company (New York symbol MMM; Income-Growth Portfolio, Manufacturing sector; Shares outstanding: 542.9 million; Market cap: $82.0 billion; Dividend yield: 1.9%; Dividend Sustainability Rating: Average; www.3m.com) spun off its Health Care division as a separate firm, called Solventum Corp. (New York symbol SOLV), on April 1, 2024. Due to the spinoff, 3M cut your quarterly dividend by 53.6% with the June 2024 payment. However, with the March 2025 payment, it raised the dividend by 4.3%. The new annual rate of $2.92 a share yields 1.9%.

1 min read

Pat McKeough

Dividend Stocks

Use these key updates to build your returns

TORONTO-DOMINION BANK $102 is a buy. The lender (Toronto symbol TD; Income-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $183.6 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Highest; www.td.com) raised your quarterly dividend by 2.9% with the January 2025 payment, to $1.05 a share from $1.02. The new annual rate of $4.20 yields 4.1%.

2 min read

Pat McKeough

Dividend Stocks

Acquisition should boost cash flow

EXTENDICARE INC. $13 remains a buy. The company (Toronto symbol EXE; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 83.5 million; Market cap: $1.1 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Average; www.extendicare.com) owns and operates long-term care homes. Its ParaMed Home Health Care business also provides nursing care and other forms of assistance to clients who remain in their own homes.

1 min read

Pat McKeough

Dividend Stocks

Buy either one for reliable dividends

These two small-cap firms are leaders in their niche industries. That cuts your risk and protects their dividends.

2 min read

Pat McKeough

Dividend Stocks

Low tariff risk adds to their appeal

These two fast-food giants get most of their food and other supplies from local sources. That cuts their exposure to tariffs, which should let them keep rewarding investors with annual dividend increases.

3 min read

Pat McKeough

Dividend Stocks

Trade dispute over dairy adds risk

SAPUTO INC. $29 is a hold. The company (Toronto symbol SAP; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 424.4 million; Market cap: $12.3 billion; Dividend yield: 2.6%; Dividend Sustainability Rating: Above Average; www.saputo.com) is Canada’s largest producer of dairy products. It also operates dairies in the U.S., Australia, the U.K. and Argentina.

With the September 2024 payment, Saputo raised your quarterly dividend by 2.7%, to $0.19 a share from $0.185. The new annual rate of $0.76 yields 2.6%.

1 min read

Pat McKeough

Dividend Stocks

Refineries help support these oil dividends

These oil producers also operate refineries, which helps cuts their exposure to volatile oil prices. Investors also benefit from the long life of their high-quality properties, expected to maintain their output for decades to come.

2 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.