Procter gains on lower costs

PROCTER & GAMBLE CO. $169 is a buy. The consumer products giant (New York symbol PG; Income-Growth Portfolio, Consumer sector; Shares outstanding: 2.35 billion; Market cap: $397.2 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Highest; www.pg.com) raised your quarterly dividend by 7.0% with the May 2024 payment. Investors now… Read More

We like one of these upcoming spinoffs

Spinoffs are a great way for companies to boost shareholder value. Here’s our take on two spinoffs coming up in the second half of 2024.
BAXTER INTERNATIONAL INC. $36 is a buy. The company (New York symbol BAX; Manufacturing sector; Shares o/s: 507.8 million; Market cap: $18.3 billion;… Read More

Enjoy 6.5% yield from Extendicare

Enjoy 6.5% yield from Extendicare

Government funding is playing a significant role in this firm’s fortunes as the Ontario government in particular is stepping up to ensure quality home healthcare for its residents.

That and the company’s initiative to expand its offerings (and therefore its cash flow) should keep the high… Read More

New policy will benefit investors

CENOVUS ENERGY INC. $27 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $51.3 billion; Price-to-sales ratio: 0.9; Dividend yield 2.7%; TSINetwork Rating: Average; www.cenovus.com) has modified its shareholder return policy.
Right now, Cenovus returns 50% of… Read More