COVID-19-induced slowdowns for this operator’s key markets, which include the oil and gas industry, have impacted both its revenue and earnings.
Still, its very high yield seems sustainable and its strong balance sheet further enhances its investment appeal.
RUSSEL METALS INC. (New York symbol XEC; www.russelmetals.com)… Read More
Those industrials remain profitable despite COVID-19-induced slowdowns in their markets. Meanwhile, both yield over 8%. That adds an extra layer to their appeal and helps support their share prices. Each is a buy.
RUSSEL METALS $18.00 (New York symbol XEC; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 62.2… Read More
RUSSEL METALS INC., $19.04, is a buy. Through their shares, investors tap one of North America’s largest metal distributors: the company (symbol RUS on Toronto) serves 33,000 clients at 48 locations in Canada and 16 others in the U.S.
Governments have designated most of Russel’s operations… Read More
RUSSEL METALS INC. $15 is still a buy for aggressive investors. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.2 million; Market cap: $933.0 million; Dividend yield: 10.1%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is one of North America’s largest metal distributors. It… Read More
ROYAL BANK OF CANADA, $99.82, Toronto symbol RY, is a buy for dividend-seeking investors.
Royal is raising your quarterly dividend by 2.9%. Starting with the May 2020 payment, investors will receive $1.08 a share instead of $1.05. The new annual rate of $4.32 yields a high… Read More
RUSSEL METALS $21.79 (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (905-819-7777; www.russelmetals.com; Shares outstanding: 62.1 million; Market cap: $1.4 billion; Dividend yield: 7.0%) has now agreed to buy City Pipe & Supply Corp. for roughly $160 million.
City Pipe is an industry leader in supplying… Read More
BANK OF NOVA SCOTIA, $70.80, Toronto symbol BNS, will raise its quarterly dividend with the October 2019 payment. Investors will then receive $0.90 a share, up 3.4% from $0.87. The new annual rate of $3.60 yields a high 5.1%.
The bank has completed several acquisitions in… Read More
INTACT FINANCIAL CORP., $125.76, symbol IFC on Toronto, is Canada’s largest provider of property and casualty insurance. The company insures more than five million individuals and businesses. Its major brands are Intact Insurance, Canada BrokerLink and belairdirect.
Intact has now agreed to buy two regional insurers… Read More
Shareholders of this metal distributor continue to benefit from its rising sales on both sides of the U.S.-Canada border. That regional diversity helped lift overall revenue by 11% in the most-recent quarter as selling prices in both markets improved.
Given the company’s unique business model,… Read More
Higher selling prices and a key acquisition helped spur a 35.5% revenue jump and a 65% earnings jump for this company in the most recent quarter.
Rising steel prices and increased volume sales also support the company’s solid dividend, despite the impact of tariffs on other… Read More
Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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