Topic: Dividend Stocks
MAPLE LEAF FOODS INC. $19 (www.mapleleaffoods.com) owned 90.0% of Canada Bread (see above), so it received $1.66 billion for its shares. That’s equal to 64% of Maple Leaf’s $2.6-billion market cap. The company will use the cash to pay for its ongoing plan to make its meat-processing operations more profitable. Buy.
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