As a dividend growth investor, I typically hold mostly U.S.-based dividend stocks. There are several reasons behind that, which I outlined in this article on the best international dividend stocks. Another reason why I hold U.S.-based multinationals has been outlined in this article.
Canadian dividend stocks seem to be having characteristics that make them similar to their U.S. counterparts. First, most Canadian stocks pay a regular distribution every quarter. Second, most Canadian blue chips pay a stable or rising dividend. This is unlike most European companies for example, which typically target a payout ratio based off earnings. Last, U.S. investors get 15% of their Canadian dividend income withheld at the source. At tax time, however, US investors get an offsetting credit against this tax withholding in taxable accounts. So the net effect is zero for most high-income investors.
In order to find the best Canadian dividend stocks, I obtained a list of Canadian Dividend Achievers. These are Canadian companies, that have increased dividends for the past five or more consecutive years.
Best Stocks To Watch 2015:Giga-tronics Incorporated (GIGA)
Giga-tronics Incorporated designs, manufactures, and markets various test and measurement equipment used in the development, test, and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems, and automatic testing systems worldwide. Its products are primarily used in the design, production, repair, and maintenance of commercial telecommunications, radar, and electronic warfare equipment. The company operates in two segments, Giga-tronics Division and Microsource. The Giga-tronics Division segment produces signal sources, generators and sweepers, and power measurement instruments for use in the microwave and radio frequency range of 10 kilohertz to 50 gigahertz. This segment also manufactures switch modules and interface adapters that operate with a bandwidth from direct current to optical frequencies for defense, aeronautics, communications, satellite, electronic warfare, commercial aviation, and semiconductor markets. The Microsource segment develops and manufactures a line of Yttrium, Iron, and Garnet tuned oscillators, filters, and microwave synthesizers, which are used in various microwave instruments or devices. The company markets its products through various independent distributors and representatives to commercial and government customers. Giga-tronics Incorporated was founded in 1980 and is based in San Ramon, California.Best Stocks To Watch 2015:Emerson Radio Corporation (MSN)
Emerson Radio Corp., together with its subsidiaries, engages in designing, sourcing, importing, marketing, selling, and licensing various house ware and consumer electronic products in the United States and internationally. It offers house wares products, such as microwave ovens, compact refrigerators, and wine coolers; audio products comprising digital clock radios, portable stereo systems, and other audio products; and video and other products, including televisions, digital video disc (DVD) players, mobile electronics, and telephone and telephone accessories. The company provides its products under the Emerson, HH Scott, and Olevia brands. It markets its products primarily through mass merchandisers. The company was founded in 1948 and is headquartered in Moonachie, New Jersey. Emerson Radio Corp. operates as a subsidiary of Grande Holdings Limited.Best Stocks To Watch 2015:Alico Inc. (ALCO)
Alico, Inc., through its subsidiaries, operates as a land management company in central and southwest Florida. It involves in harvesting, hauling, and marketing citrus, as well as purchasing and reselling citrus fruit; cultivating citrus trees; and cultivating raw sugarcane for sale. The company also engages in producing and selling beef cattle, feeding cattle, and replacement heifers to packing and processing plants and contract cattle buyers, as well as through local livestock auction markets. In addition, it grows, harvests, and sells vegetables for wholesale; produces sod; sells native plants and trees for landscaping purposes; and subdivides, develops, and sells real estate property. Further, the company involves in rock and sand mining; and rents land on a tenant-at-will basis for grazing, farming, oil exploration, and recreational uses. Additionally, it engages in the planning and strategic positioning of company owned land, and negotiating and renegotiating sales contracts. As of September 30, 2010, Alico owned approximately 139,607 acres of land located in the Collier, Glades, Hendry, Lee, and Polk counties. The company was founded in 1960 and is based in Fort Myers, Florida.Best Stocks To Watch 2015:Cinemark Holdings Inc (CNK)
Cinemark Holdings, Inc. and its subsidiaries engage in the motion picture exhibition business. As of June 30, 2011, it operated 436 theatres with 4,983 screens in 39 states of the United States, as well as in Brazil, Mexico, and 11 other Latin American countries. The company is headquartered in Plano, Texas.Advisors' Opinion:
By Jeff Reeves At 2011-10-21
Cinemark Holdings Inc. (NYSE: CNK) owns movies theaters across the United States and Latin America, with a total of about 5,000 screens in America alone.
Current Yield: 4% (84 cents a share annually)
Dividend History: In June 2010, Cinemark paid a quarterly dividend of 18 cents a share. This July, it will pay 21 cents, for a nearly 17% increase.
Dividend Outlook: According to Bloomberg, the three-year expected dividend growth rate of CNK is 2.5%.
Recent Performance: Cinemark has surged over 20% so far in 2011, more than doubling the market. It is approaching a new 52-week high as of this publication.
Strong Outlook for Shares: Cinemark has seen improving revenue each year since 2007, connecting with movie-goers despite the recession. That’s in part because of growth and acquisitions — most recently it plans to buy a 12-screen cinema in South Carolina. The movie industry may not be booming right now, but CNK could cash in big time when box office receipts improve thanks to its growth over the last few years.
Best Stocks To Watch 2015:DISH Network Corporation (DISH)
DISH Network Corporation, through its subsidiaries, provides direct broadcast satellite (DBS) subscription television services in the United States. It offers programming that includes approximately 280 basic video channels, 60 Sirius satellite radio music channels, 30 premium movie channels, 35 regional and specialty sports channels, 2,800 local channels, 250 Latino and international channels, and 55 channels of pay-per-view content. The company also offers local HD channels in approximately 160 markets and 215 national HD channels; and receiver systems, including a small satellite dish, digital set-top receivers, and remote controls. In addition, it provides DISHOnline.com, which enables DISH Network subscribers to watch 150,000 movies, television shows, clips, and trailers; DISH Remote Access that enables subscribers to remotely manage their DVRs using compatible mobile devices, such as smartphones, tablets, and laptops through their broadband-connected receiver; and Google TV that enables DISH Network subscribers to search the Internet, check email, interact with social media, and find additional online programming content while simultaneously watching television. As of March 31, 2011, the company had approximately 14.191 million customers. DISH Network provides receiver systems and programming through direct sales channels; and independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. The company was founded in 1980 and is headquartered in Englewood, Colorado.Best Stocks To Watch 2015:LifePoint Hospitals Inc. (LPNT)
LifePoint Hospitals Inc., through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States. The company?s hospitals provide a range of medical and surgical services comprising general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services, and pediatric services, as well as specialized services, such as open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery. Its hospitals also offer outpatient services, including one-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine, and lithotripsy. As of December 31, 2009, LifePoint Hospitals owned or leased 47 hospitals with a total of 5,552 licensed beds in 17 states. The company was founded in 1997 and is headquartered in Brentwood, Tennessee. Lifepoint Hospitals Inc. (NasdaqNM:LPNT) operates independently of HCA Inc. as of May 11, 1999.Advisors' Opinion:
By Vatalyst At 2011-10-28
Life Point Hospitals (LPNT) operates general acute care hospitals in growing, non urban areas in the US. It looks to acquire hospitals where it will be the sole provider to the community.
On the earnings front, it had a good first quarter, beating analyst estimates. The common stock currently trades at a price to earnings ratio of 10.1, well below its 10 year historical average of 13.5. Its price to book ratio stands at 0.82 with price to cash flow being 5.1.
Best Stocks To Watch 2015:Celsion Corporation (CLSN)
Celsion Corporation, an oncology drug development company, develops and commercializes targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The company is developing its lead product, ThermoDox that is in Phase III clinical trial for primary liver cancer; and in phase II clinical trial for treatment of recurrent chest wall breast cancer. It has a license agreement with Yakult Honsha to commercialize and market ThermoDox for the Japanese market. The company also has a license agreement with Duke University under which it received exclusive rights to commercialize and use Duke's thermo-liposome technology. In addition, Celsion Corporation has a joint research agreement with Royal Phillips Electronics to evaluate the combination of Phillips' high intensity focused ultrasound with its ThermoDox to determine the potential of this combination to treat a range of cancers. The company was founded in 1982 and is based in Columbia, Maryland.Advisors' Opinion:
By Putnam At 2011-8-29
This is another play on clinical trial progress as a catalyst for higher share prices. This micro-cap stock uses heat-sensitive nano-particles to precisely place cancer-treatment drugs within specific tumors. A number of approaches are currently being tested. The first approach uses its ThermoDox technology in conjunction with radio frequency (RF) ablation for primary liver cancer. ThermoDox is being evaluated under a special protocol assessment with the FDA in a pivotal 600-patient Phase III trial. Results from this study are expected to be released in the next few months.
Celsion shares weakened in the first quarter, as the company has sold new stock on a pair of occasions to keep the balance sheet healthy. Further equity offerings appear likely, but with positive feedback from the FDA, shares could pop nicely higher before that happens.
Best Stocks To Watch 2015:Fuel Tech Inc. (FTEK)
Fuel Tech, Inc. uses a suite of advanced technologies to provide boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technologies and FUEL CHEM Technologies. The Air Pollution Control Technologies segment includes technologies, such as low and ultra low NOx Burners, over-fire air systems, NOxOUT and HERT selective non-catalytic reduction systems, and advanced selective catalytic reduction systems to reduce NOx emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources. This segment distributes its products through direct sales force and agents. The FUEL CHEM Technologies segment uses chemical processes in combination with advanced computational fluid dynamics and chemical kinetics modeling boiler modeling for the control of slagging, fouling, corrosion, opacity, and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using Targeted In-Furnace Injection technology. This segment?s programs improve the efficiency, reliability, and environmental status of plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, university, and district heating markets; and are installed on combustion units in North America, Europe, China, and India for treating various solid and liquid fuels, including coal, heavy oil, biomass, and municipal waste. It provides operational, financial, and environmental benefits to owners of boilers, furnaces, and other combustion units. The company was founded in 1987 and is headquartered in Warrenville, Illinois.Advisors' Opinion:
By Carlson At 2011-9-11
Fuel Tech, Inc. is an integrated company that uses a range of advanced technologies to provide boiler optimization, improvement and air pollution reduction and control solutions to utility and industrial custome! rs globa lly. Its EPS forecast for the current year is 0.23 and next year is 0.4. According to consensus estimates, its topline is expected to grow 21.56% current year and grow 20.26% next year. It is trading at a forward P/E of 22.11. Out of eight analysts covering the company, two are positive and have buy recommendations and six have hold ratings.
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