Toromont Industries Ltd.
TOROMONT INDUSTRIES LTD. $115 (www.toromont.comwww.toromont.com) is a buy. The company distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S....
TOROMONT INDUSTRIES LTD. $113 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.4 million; Market cap: $9.3 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....
In the wake of the COVID-19 pandemic, governments in Canada and elsewhere continue to invest in new public works projects such as roads, mass transit systems and hospitals. Those investments are fuelling strong orders for these two dealers of heavy construction equipment as well as demand for their maintenance and repair services.
FINNING INTERNATIONAL INC....
The rebound in construction activity in the wake of the COVID-19 pandemic continues to push up earnings at these two dealers of bulldozers, backhoes and other heavy equipment. Those higher sales are also increasing long-term demand for their maintenance and repair services.
FINNING INTERNATIONAL INC....
FINNING INTERNATIONAL INC....
The shares of these two suppliers of heavy equipment continue to rebound as construction activity picks up following the end of COVID-19 lockdowns. That’s also giving them more cash for dividends.
FINNING INTERNATIONAL INC. $41 is a buy. The company (Toronto symbol FTT; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 149.3 million; Market cap: $6.1 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America, the U.K....
FINNING INTERNATIONAL INC. $41 is a buy. The company (Toronto symbol FTT; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 149.3 million; Market cap: $6.1 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America, the U.K....
TOROMONT INDUSTRIES LTD. $108 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.4 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.6%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S....
CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST, $14.64, is a top pick for 2023.
Choice is Canada’s biggest REIT, with 703 retail, industrial and residential properties totalling 64.2 million square feet of gross leasable area. Its occupancy rate is a high 97.7%....
Choice is Canada’s biggest REIT, with 703 retail, industrial and residential properties totalling 64.2 million square feet of gross leasable area. Its occupancy rate is a high 97.7%....
TORONTO-DOMINION BANK, $83.55, Toronto symbol TD, remains a buy.
The bank merged its 43%-owned U.S. online brokerage firm TD Ameritrade Holding Corp. (Nasdaq symbol AMTD) with rival Charles Schwab Corp. (New York symbol SCHW) in October 2020....
The bank merged its 43%-owned U.S. online brokerage firm TD Ameritrade Holding Corp. (Nasdaq symbol AMTD) with rival Charles Schwab Corp. (New York symbol SCHW) in October 2020....
FIRSTSERVICE CORP. $190 (www.firstservice.com) is a buy. The company provides property management services to businesses and individuals. FirstService tends to fuel its growth with acquisitions....
The improving outlook for cyclical commodity prices is prompting mining firms to order more equipment from Finning and Toromont. Both firms are also benefitting as governments spend more on infrastructure projects. Those higher orders will fuel their profits—and your dividends.
FINNING INTERNATIONAL INC....
FINNING INTERNATIONAL INC....