Cuts should bolster your income

CANADIAN IMPERIAL BANK OF COMMERCE $61 is a buy. The bank (Toronto symbol CM; Income-Growth Portfolio, Finance sector; Shares outstanding: 904.7 million; Market cap: $55.2 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Highest; www.cibc.com) is raising your quarterly dividend by 3.4%. Starting with the January 2024 payment, investors will… Read More

Get a high 7.7% from TransAlta Renewables

Get a high 7.7% from TransAlta Renewables

With a focus on renewable energy, Transalta Renewables holds a lot of conceptual appeal due to its renewable energy focus. What’s more, this firm supports its high dividend by selling its wind and other power under long-term guaranteed contracts. This includes sales to its blue-chip… Read More

Get a high 7.9% from TransAlta Renewables

Get a high 7.9% from TransAlta Renewables

With a focus on renewable energy, TransAlta Renewables holds a lot of conceptual appeal due to its renewable energy focus. What’s more, this firm supports its high dividend by selling its wind and other power under long-term guaranteed contracts. This includes sales to its blue-chip… Read More

Expect higher dividends from these insurers

COVID-19 lockdowns in Asia have hurt earnings at these top insurance companies. However, they should benefit from rising interest rates as they invest premiums from customers in higher-yielding bonds. That puts them in a good position to reward investors with future dividend hikes.
MANULIFE FINANCIAL CORP… Read More

Emera’s rising dividend is a big plus

Emera’s shares recently hit a new all-time high. That in part reflects the ongoing success of its Florida power utility, acquired in 2016.
Historically low interest rates in the past few years have also spurred investor demand for high-yielding utility stocks like Emera. Even though interest… Read More