TSX Dividends

Former prof stock analyst/portfolio manager. Focused on dividends, particularly value opportunities. Not advice, do your own research.

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RBC has published its latest 'Analyst Best Ideas" portfolio. New div stocks incl $KMP.UN and $TRP.TO, a weighting increase for $EQB.TO and many usual faves $BCE.TO, $PPL.TO, $DHT.UN, $ALA.TO, etc

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@cap_allocate @East72Dynasty @BrownMarubozu Thanks. Certainly has a long track record. I wish it paid a more attractive regular dividend.

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Analyst upgrades $BMO.TO in post-quarter review of sector. $NA.TO still his top pick.

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Scotia analyst highlighting new drug studies that have the potential to double DRI Healthcare's royalties! Woohoo! (still my biggest holding). $DHT.UN

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RBC analyst raises target on $CM.TO following Q1 (and drop in stock yesterday).

I find it hard to put new money into banks these days. CM is trading at 14.3x, compared to 9.9x long term avg (peers at 15x). Relatively, CM still looks good, but valuations are well above normal.

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Clean beat by $TD.TO. Both $RY.TO and $CM.TO also reported above consensus and getting analyst praise today. Seems like the strong YTD performance for Cdn banks has been justified. RBC analyst comments on TD:

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EQB's Q2 wasn't a disaster, but certainly not in the same class with the strong results from the big banks (and trades at 12x, which used to be considered a high multiple for a Cdn bank). Comments from Scotia analyst: $EQB.TO

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Strong results from Cdn banks this morning: $BMO.TO, $BNS.TO, $NA.TO all beat consensus. RBC comments on BMO results below.

(analyst may have to raise his target price 😆).

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RBC upgrades Choice, maybe Canada's highest quality REIT $CHP.UN

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TD upgrades $PPL.TO and $GEI.TO, raises valuation multiples for energy infrastructure stocks. (TD had previously downgraded PPL on Feb 17, unfortunate timing 😬)

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@NuggetCapital I’ve yet to see an oil analyst give an assessment of the oil price in six months if Iran has no sanctions, and OPEC stops throttling back.

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Scotia on potential deal for Slate Grocery. 7% yield with potential near term upside, seems like a nice risk-reward to me. $SGR.UN

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@BassamMelh I think it could be. But it is larger, over $5bn mkt cap, so fewer potential buyers. No major shareholder.

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Scotia REIT analyst today talking about the surge in buyouts recently, names $KMP.UN, $HOM.UN and $DIR.UN as top takeout candidates. (They probably should have picked $SGR.UN, given the news today).

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RBC's latest Small Cap picks. Not a great performance recently, but has done well longer term. $DHT.UN, $DBM.TO, $PMZ.UN

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The chairman of Plaza Retail REIT resigns from the board a week before the AGM. A bit strange, a shake-up in the works? $PLZ.UN

($MRC.TO owns 15%, maybe they want a seat?)

Plaza Retail REIT Announces Trustee Resignations https://t.co/kGjAsMZZ88

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H&R's Q1 offered no news on asset disposals or strategic plan. But it remains good value, with an NCIB likely later this year. Remember there were multiple bidders for the REIT a year ago. $HR.UN. From RBC:

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@makemoneymoney6 The Uber eats competition has been around for years now. But I agree the GLP factor is a new, uncertain risk.

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Late Friday, $PZA.TO announced a 13% dividend cut. Not a surprise after tough Q1 and given the very high payout ratio.

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Pizza Pizza has a nice 5.8% yield, but zero growth and a near 100% payout ratio. I agree with TD, it's not an attractive buy at this point. $PZA.TO

[TSX Dividends @TSXDivStock]

Scotia expects more than a double on $DHT.UN, following strong Q1 and healthy royalty financing market.