Investors can expect more raises

Article Excerpt

NORTH WEST COMPANY $28 is still a buy. The company (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares o/s: 46.9 million; Market cap: $1.3 billion; Dividend Sustainability Rating: Above Average; Dividend yield: 4.7%; www.northwest.ca) last raised your quarterly dividend in April 2019. Investors now receive $0.33 a share, up 3.1% from $0.32. The annual rate of $1.32 yields a high 4.7%. North West sells food, and everyday products and services at 245 stores. Those outlets are mainly in northern communities across Canada and Alaska. It also operates in remote regions of Hawaii, the wider South Pacific, and the Caribbean. As a result, North West faces little competition from both brick-and-mortar stores and online sellers. As well, the company’s recent acquisition of North Star Air, an airline providing cargo and passenger services within northwestern Ontario, lets the company cut its freight costs and expand its e-commerce capabilities with faster, more efficient shipping. All of that benefits investors. investors…