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Category: Dividend Stocks
Canadian Tire Acquires Hudson’s Bay IP in $30M Deal as Iconic Retailer Nears Closure
A Canadian Legacy Changes Hands Hudson’s Bay Co., one of the world’s oldest retailers, is approaching its final chapter. After entering creditor protection in March, the 355-year-old company has begun liquidating its assets, including its well-known branding. On Thursday, Canadian Tire announced a $30 million agreement to acquire Hudson’s Bay’s intellectual property, including trademarks, logos,… Read more
Fortis Delivers Solid Q1 as Regulated Growth Drives Earnings
Canadian utility giant Fortis Inc. (TSX:FTS)(NYSE:FTS) reported its first-quarter earnings on May 7. It was a robust start to 2025, with the company’s net earnings rising to $499 million, or $1.00 per share, up from $459 million, or $0.93 per share, a year ago. The gain was fueled by organic rate base growth across its… Read more
RioCan REIT Reports Solid Q1 2025 Results Amid Economic Volatility and HBC Headwinds
RioCan Real Estate Investment Trust (TSX:REI.UN) reported its latest earnings numbers on Monday, delivering strong operational and leasing performance in the first quarter of 2025, supported by robust demand for necessity-based retail and steady progress in its residential strategy, despite macroeconomic headwinds and the impact of Hudson’s Bay Company’s (HBC) CCAA filing. Here are the… Read more
Canadian Pacific Kansas City Boosts Dividend by 20% Amid Long-Term Growth Strategy
Dividend Hike Reflects Strength and Stability Canadian Pacific Kansas City Limited (TSX:CP)(NYSE:CP) gave dividend-focused investors something to cheer about recently with a 20% increase to its quarterly payout. Effective April 29, the dividend rises from $0.19 to $0.228 per share, translating to $0.912 annually and a forward yield of approximately 0.9%. The move reflects strong… Read more
TC Energy Delivers Steady Q1 with Project Milestones and Pipeline Expansion
On May 1, TC Energy (TSX:TRP)(NYSE: TRP) reported its Q1 2025 numbers, for the period ending March 31. Its comparable earnings per share totaled $0.95, which were down slightly from $1.02 in the prior-year period, amid a stable operating environment. Net income remained essentially flat at $1.0 billion, supported by record-setting pipeline throughput across its… Read more
Dollarama Stock Hits All-Time Highs—Is It Still a Buy?
A High-Flying Stock With Strong Growth Dollarama has been one of the best-performing stocks on the TSX, delivering nearly 300% returns over the past five years. Even with concerns about consumer spending, the discount retailer continues to thrive. In its last reported quarter (which ended on Oct. 27, 2024), comparable sales grew 3.3%, showing resilience… Read more
TC Energy Extends Dividend Streak to 25 Years Amid Strong Earnings Growth
A Strong Commitment to Dividends Dividend stability is a key factor for income investors, and TC Energy has once again delivered. On Feb. 14, the energy giant announced a 3.3% dividend hike, extending its streak of annual increases to a quarter-century. The new annual payout of $3.40 per share translates to a yield of 5.4%,… Read more
What is an Ex-Dividend Date?
The ex-dividend date is the cutoff day to qualify for a pending stock dividend. In other words, it’s the date on which a stock starts trading without the value of its next dividend payment – the term “ex-dividend” literally means “without dividend.” If you purchase a stock on or after its ex-dividend date, you will… Read more
Intact Financial Increases Its Dividend After Reporting Strong Q4 Numbers
Strong Growth Across Key Metrics Intact Financial (TSX: IFC) closed 2024 on a high note, posting a 5% increase in operating direct premiums written (DPW) for the quarter to $5.76 billion. Personal lines led the way, benefiting from rate increases and unit growth. The insurance company’s combined ratio improved to 86.5% from 90.1% in Q4… Read more
Canadian Tire Posts Strong Q4 Earnings: Is the Stock a Buy?
Retail giant Canadian Tire (TSX:CTC.A) reported its fourth-quarter earnings on Thursday. Here are the key numbers for investors: Comparable Sales Growth Analyzing the numbers The quarterly numbers from Canadian Tire were encouraging in Q4, as the company generated comparable sales growth across its major brands. And this isn’t a particularly easy time to do that,… Read more