Both are down, but the parent is a buy

On August 3, 2021, the old L Brands holding company (old New York symbol LB) split into two separate firms: Victoria’s Secret and Bath & Body Works. Investors received one new share of Victoria’s Secret for every three shares of L Brands they held. L.. Read More

Sale gives POW a big gain

POWER CORP., $47.27, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 590.9 million; Market cap: $30.2 billion; Rating: Above Average; Dividend yield: 4.8%) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds). It also owns 16.5% of the Belgian holding… Read More

Sale generates gain for Power

POWER CORP. OF CANADA $47 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 646.3 million; Market cap: $30.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM… Read More

Intact: 19 years of rising dividends

Shares of property insurer Intact have more than doubled in the past five years and recently hit a new all-time high. That’s mainly due to savvy acquisitions that expanded Intact’s geographic reach.
The company now expects to pay out higher claims in 2024 as a result… Read More