Toromont Industries Ltd.
Thanks to its improving prospects and solid dividend, we transferred Toromont to our flagship Successful Investor newsletter from our Stock Pickers Digest (now Power Growth Investor) newsletter in June 2018. Since then, the stock has gained an impressive 116%....
PEMBINA PIPELINE CORP. $50 is a buy. The company (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 579.5 million; Market cap: $29.0 billion; Dividend yield: 5.5%; 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 continuously since 1997....
The company has paid dividends continuously since 1997....
We continue to recommend all investors allocate as much as 20% of their portfolios to aggressive stocks such as the three we analyze below.
All three of these industrial stocks operate in cyclical industries, which makes them vulnerable to economic downturns....
Toromont reported an 8.7% revenue increase and continues to maintain a solid balance sheet while trading at a reasonable 18.4 multiple of forecast earnings.
Toromont remains a topic pick even after a 1,317.7% gain since our first recommendation -- it keeps building revenue, earnings and payouts year after year.
FIRSTSERVICE CORP. $212 (www.firstservice.com) is a buy. The company provides property management services to businesses and individuals. FirstService tends to fuel its growth with acquisitions of smaller businesses that expand its market share....
J.P. MORGAN CHASE & CO., $200.30, New York symbol JPM, is a buy.
Morgan is the largest banking firm in the U.S., with total assets of $3.89 trillion as of December 31, 2023.
With the April 2024 payment, Morgan will increase your quarterly dividend by 9.5%, to $1.15 a share from $1.05....
Morgan is the largest banking firm in the U.S., with total assets of $3.89 trillion as of December 31, 2023.
With the April 2024 payment, Morgan will increase your quarterly dividend by 9.5%, to $1.15 a share from $1.05....
IMPERIAL OIL LTD., $92.16, Toronto symbol IMO, is still a buy.
The company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.
Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
The company has shut down its Winnipeg Products Pipeline, which transports gasoline, diesel and jet fuel from the U.S....
The company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.
Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
The company has shut down its Winnipeg Products Pipeline, which transports gasoline, diesel and jet fuel from the U.S....
TOROMONT INDUSTRIES LTD. $125 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.3 million; Market cap: $10.3 billion; Dividend yield: 1.5%; Dividend Sustainability Rating: Above Average; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada....
CANADIAN TIRE CORP., $140.01, Toronto symbol CTC.A, is a buy.
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....