Narrower focus will help both of them

Insurer Great-West and mutual fund seller IGM are re-organizing their operations. These moves will let them better focus on their main businesses and spur their long-term profits. However, we prefer IGM for your new buying.
GREAT-WEST LIFECO INC. $44 is a hold. The insurer (Toronto symbol GWO; Conservative… Read More

Buy quality assets at a discount

POWER CORP. OF CANADA $37 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 660.4 million; Market cap: $24.4 billion; Dividend yield: 5.7%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) has several primary investments, including controlling stakes in Canadian financial services firms Great-West… Read More

Use our updates to enhance your portfolio

IGM FINANCIAL INC. $34 is a buy. The mutual fund seller’s (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 237.8 million; Market cap: $8.1 billion; Price-to-Sales ratio: 2.4; Dividend yield: 6.6%; TSINetwork Rating: Above Average; www.igmfinancial.com) fee income rises and falls with the value of the… Read More

GWO buys IPC

GREAT-WEST LIFECO, $37.61, is still a hold. The company (Toronto symbol GWO; shares outstanding: 931.7 million; Market cap: $34.9 billion; TSINetwork Rating: Above Average; Dividend yield: 5.5%; www.greatwestlifeco.com) has completed several acquisitions in the past few months as part of a plan to diversify its operations.
Great-West’s latest acquisition,… Read More

Enjoy 6.4% yield from IGM

Enjoy 6.4% yield from IGM

Assets under management improved despite a net outflow of new money as IGM continues to expand its presence outside Canada.

We think the company’s future is bright as it continues to offer a high yield at a relatively cheap valuation.

That’s because the stock trades at just… Read More

These non-bank stocks offer solid dividends

While we recommend most income-seeking investors stick with Canada’s big banks like Royal (see page 91), non-bank stocks like these three are a great way to diversify your Finance sector holdings and earn solid dividends.

IGM FINANCIAL INC. $36 is a buy. The company (Toronto symbol IGM; Conservative-Growth… Read More

Use our updates to enhance your portfolio

HOME CAPITAL GROUP INC. (Toronto symbol HCG) is a mortgage lender serving borrowers who fail to meet the stricter standards of Canada’s traditional lenders. Smith Financial Corp. has now completed its takeover of the company. As a result, Home Capital’s shares stopped trading on the Toronto exchange… Read More