Power profits with IGM

POWER CORP., $43.31, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 590.4 million; Market cap: $28.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%) owns 62.2% of IGM Financial (symbol IGM on Toronto). IGM is Canada’s largest independent asset management provider.
IGM owns 27.3% of robo-advisor Wealthsimple. Generally,… Read More

Demographics support this dividend

In the past few years, insurance giant Sun Life has expanded its operations in Asia. Specifically, it’s in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Vietnam, and the region now contributes about 18% of earnings.
The company also continues to benefit from the… Read More

Use these key updates to build your returns

MOLSON COORS CANADA INC. is a hold. The brewer (Toronto symbols TPX.A $89 and TPX.B $87; Conservative Growth Payer Portfolio, Consumer sector; Shares o/s: 206.0 million; Market cap: $17.9 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.molsoncoors.com) last raised your quarterly dividend with the March 2024 payment by… Read More

Narrower focus helps both of these leaders

Insurer Great-West Lifeco and mutual funds provider IGM Financial continue to benefit from their recent moves to focus on their core businesses. We still like both, but prefer IGM for your new buying.
GREAT-WEST LIFECO INC. $48 is a hold. The insurer (Toronto symbol GWO; Conservative Growth and… Read More