Updates on your Conservative stocks: Thomson Reuters Corp., Ovintiv Inc. and Maple Leaf Foods Inc.

Article Excerpt

THOMSON REUTERS CORP. $151 (www.thomsonreuters.com) remains a buy. In January 2021, Thomson and Blackstone Group LP (New York symbol BX) merged Refinitiv (which sells financial information) with the London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF). Thomson now owns roughly 15% of the combined firm. As of August 4, 2021, that holding was worth $7.5 billion U.S., or 8% of its market cap. Thomson can begin selling those shares in tranches starting January 2023. It plans to reinvest those funds in its main businesses. It also aims to buy back up to $1.2 billion U.S. of its shares over the next year. Thomson Reuters is a buy. OVINTIV INC. $36 (www.ovintiv.com) is a buy. The energy producer is raising your quarterly dividend by 49.3%, to $0.14 U.S. a share from $0.09375 U.S. The new annual rate of $0.56 U.S. yields 2.0%. Ovintiv is a buy. MAPLE LEAF FOODS INC. $27 (www.mapleleaffoods.com) is still a hold. The company sells fresh and…