Spinoff plan is already paying off

TC ENERGY CORP. $54 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.03 billion; Market cap: $55.6 billion; Price-to-sales ratio: 3.4; Dividend yield: 7.1%; TSINetwork Rating: Above Average; www.tcenergy.com) has seen its shares rise 18% since it indicated in… Read More

Dividend Advisor Hotline – Friday, May 17, 2024

3M COMPANY, $105.26, New York symbol MMM, is still a buy for long-term gains.

The company makes over 55,000 consumer and industrial goods. Its main brands include Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.

On April 1, 2024, 3M completed its plan to… Read More

You should stick with the former parent

Diversified manufacturing firm 3M completed its plan to spin off its Health Care division as an independent firm, called Solventum, on April 1, 2024. Shareholders received one share of Solventum for every four shares they held. 3M still owns 19.9% of Solventum, but plans to… Read More

BHP wants to merge with Anglo

BHP GROUP LTD. (ADR) $59 is a buy. This company (New York symbol BHP; Resources sector; ADRs outstanding: 2.6 billion; Market cap: $153.4 billion; Dividend yield: 5.2%; Takeover Target Rating: Medium; www.bhp.com) is one of the world’s largest producers of iron ore, copper, nickel and coal.
BHP recently offered to… Read More

Get 2.7% yield from 3M

Get 2.7% yield from 3M

A series of strategic financial decisions aimed at resolving longstanding legal disputes and refocusing its business operations puts 3M in a stronger position going forward. Even though the company cut its dividend as a result of a spinoff, the new rate is more sustainable. Job… Read More