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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.
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%.
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%.
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.
These two small-cap firms are leaders in their niche industries. That cuts your risk and protects their dividends.
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.
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%.
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%.
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.
CANADIAN UTILITIES LTD. $39 is a buy. The company (Toronto symbol CU; Income-Growth Portfolio, Utilities sector; Shares outstanding: 271.8 million; Market cap: $10.6 billion; Dividend yield: 4.7%; Dividend Sustainability Rating: Above Average; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia. It also owns or invests in 7 non-regulated power plants— 3 in Australia, 2 in Mexico, 1 in Canada and 1 in Chile. Parent company ATCO owns 52.5% of Canadian Utilities.
With the March 2025 payment, the company raised your quarterly dividend by 1.0%. Investors now receive $0.4577 a share instead of $0.4531. The annual rate of $1.831 yields a high 4.7%. Canadian Utilities has increased its dividend rate for 53 consecutive years.
With the March 2025 payment, the company raised your quarterly dividend by 1.0%. Investors now receive $0.4577 a share instead of $0.4531. The annual rate of $1.831 yields a high 4.7%. Canadian Utilities has increased its dividend rate for 53 consecutive years.
Many green energy producers rely heavily on government subsidies, which increases their risk. However, these two firms get most of their revenue from rate-regulated plants or long-term supply contracts. That bodes well for investors looking for dependable high yields.