Topic: Dividend Stocks

TIM HORTONS INC. $52 – Toronto symbol THI

TIM HORTONS INC. $52 (Toronto symbol THI; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 157.4 million; Market cap: $8.2 billion; Price-to-sales ratio: 2.8; Dividend yield: 1.6%; TSINetwork Rating: Average; www.timhortons.com) has raised the prices of muffins, sandwiches and other items at its coffee-and-donut stores in Canada and the U.S. That’s because the drought in North America is pushing up its costs for wheat, canola oil and other ingredients.

The increases are unlikely to hurt customer traffic or sales, particularly because the company did not increase coffee prices.

Tim Hortons is a buy.

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