Narrower focus will spur RioCan higher

RIOCAN REAL ESTATE INVESTMENT TRUST $25 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units o/s: 312.7 million; Market cap: $7.8 billion; Price-to-sales ratio: 6.5; Dividend yield: 5.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 267 shopping centres and other rental properties in… Read More

Look beyond their latest quarterly results

All four of these power and gas utilities reported lower earnings for the second quarter of 2018. Moreover, rising interest rates have hurt their appeal among income-seeking investors. Higher rates will also increase their borrowing costs as they raise funds for new projects.
Even so, most… Read More

Power gains from IGM

POWER CORP. $29.65 (Toronto symbol POW; Shares o/s: 414.4 million; Market cap: $14.0 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.powercorporation.com) holds its financial assets through its 65.6%-owned Power Financial. In turn, Power Financial’s holdings include 61.5% of mutual-fund provider IGM Financial (a recommendation of… Read More

Stanley’s top brands offset its acquisition risk

STANLEY BLACK & DECKER INC. $140 (New York symbol SWK; Income Portfolio, Manufacturing & Industry sector; Shares o/s: 153.0 million; Market cap: $21.4 billion; Price-to-sales ratio: 1.6; Divd. yield: 1.9%; TSINetwork Rating: Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools for… Read More

High p/e adds to McCormick’s risk

MCCORMICK & CO. INC. $118 (New York symbol MKC; Income Portfolio, Consumer sector; Shares o/s: 131.3 million; Market cap: $15.5 billion; Price-to-sales ratio: 3.0; Divd yield: 1.7%; TSINetwork Rating: Average; www.mccormick.com) makes spices, seasonings and flavours.
In August 2017, the company acquired several condiment brands from Reckitt Benckiser… Read More

New markets position their dividends for growth

CAE INC. $27 (Toronto symbol CAE; Conservative Growth Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 267.7 million; Market cap: $7.2 billion; Dividend Yield: 1.3%; Dividend Sustainability Rating: Above Average; www.cae.com) is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools… Read More

A Yield to Caution

SENIOR SECURED FLOATING RATE LOAN FUND $9.47 (Toronto symbol FRL.UN; Units o/s: 5.6 million; Market cap: $53.0 million; Dividend yield: 7.0%; www.fieracapital.com) is a closed-end fund that invests in senior secured floating-rate corporate bonds. The fund’s MER is 1.25%, and it trades at a slight discount to the value… Read More