REIT deal lifts income for Loblaw investors

LOBLAW COMPANIES LTD. $67 (Toronto symbol L; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 375.0 million; Market cap: $25.1 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Highest; www.loblaw.ca) operates 1,093 supermarkets under a variety of banners: Loblaw, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014,… Read More

Loblaw sharpens its focus

LOBLAW COMPANIES $69.27 (Toronto symbol L; Shares outstanding: 374.7 million; Market cap: $26.0 billion; TSINetwork Rating: Above Average; Dividend yield: 1.7%; www.loblaw.ca) is transferring its 61.6% interest in CHOICE PROPERTIES REIT $12.38 (Toronto symbol CHP.UN; Units outstanding: 667.2 million; Market cap: $8.3 billion; TSINetwork Rating: Extra Risk; Dividend yield:… Read More