Key updates for our dividend investors

Article Excerpt

LEON’S FURNITURE LTD. $24 is a buy for aggressive investors. The furniture retailer (Toronto symbol LNF; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 78.3 million; Market cap: $1.9 billion; Dividend yield: 2.7%; Dividend Sustainability Rating: Average; www.leons.ca) last increased your quarterly dividend with the January 2021 payment. Investors now receive $0.16 a share, up 14.3% from $0.14. The new annual rate of $0.64 yields a solid 2.7%. In addition to the regular dividend, Leon’s rewarded investors with two special payments: $0.30 a share in January 2021 and $1.25 a share in October 2021. Leon’s outlook remains bright. The shift to remote work and learning due to the new Omicron variant of COVID-19 will probably spur more demand for desks and home office furniture, particularly through its online channels. In fact, the company’s furniture.ca website is now part of Walmart Canada’s e-commerce portal. That should help boost its visibility to online shoppers. Leon’s Furniture is a buy. WALMART INC. $136 is a buy. The world’s largest retailer (New York symbol…