Use these key updates to build your returns

Article Excerpt

MOLSON COORS CANADA INC. is a hold. The brewer (Toronto symbols TPX.A $89 and TPX.B $87; Conservative Growth Payer Portfolio, Consumer sector; Shares o/s: 206.0 million; Market cap: $17.9 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.molsoncoors.com) last raised your quarterly dividend with the March 2024 payment by 7.3%, to $0.44 U.S. a share from $0.41 U.S. The new annual rate of $1.76 U.S. yields 2.9%. The company has now agreed to acquire a majority stake in Zoa Energy, the wellness energy drink brand founded by movie star Dwayne “The Rock” Johnson. The purchase should help Molson take advantage of the strong growth in energy drinks. However, beer sales remain slow. Molson Coors is a hold. MANULIFE FINANCIAL CORP. $45 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $81.0 billion; Dividend yield: 3.6%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer. It’s also a leading insurer in Vietnam, Cambodia, Singapore, and the Philippines. Manulife last raised your…