Topic: Dividend Stocks

MANITOBA TELECOM SERVICES INC. $32 – Toronto symbol MBT

MANITOBA TELECOM SERVICES INC. $32 (Toronto symbol MBT; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 65.7 million; Market cap: $2.1 billion; Price-to-sales ratio: 1.2; Dividend yield: 5.3%; TSINetwork Rating: Average; www.mtsallstream.com) announced that its Allstream division has connected 2,388 buildings in Canada to its fibre optic network. That’s a gain of 299 in the past year. Replacing traditional copper wires with fibre optic cables enhances Allstream’s integrated telephone and Internet services. That makes it easier for the company to attract and retain clients.

Manitoba Telecom is a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.