Investment Q&A

• BMO US Dividend Hedged to CAD ETF (ZUD $33.13)
  • $33.13 P/E (TTM): 20.74X Cap: $140M
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• iShares Canadian Select Dividend Index ETF (XDV $37.00)
  • $37.00 P/E (TTM): 11.64X Cap: $1.98B
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• Schwab US Dividend Equity ETF (SCHD $26.57)
  • $26.57 P/E (TTM): 16.66X Cap: $68.69B
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Q: What would be the closestCanadian ETF that has characteristics similar to US SCHD?

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Read Answer Asked by Kim on October 16, 2023

• Exchange Income Corporation (EIF $77.46)
  • $77.46 P/E (TTM): 30.46X Cap: $3.98B
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Q: EIF: on a TTM period appears to have a lot of debt. and high pay out ratio with low ROE. I was thinking of buying it or BCE (I realize totally different companies). I bought EIF for myself in 2020 - so happy with results and may buy more? Comments please. She owns T in her non-registered account for very long time.

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Read Answer Asked by James on October 13, 2023

• Fortis Inc. (FTS $71.30)
  • $71.30 P/E (TTM): 20.74X Cap: $35.87B
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• iShares S&P/TSX Capped Utilities Index ETF (XUT $32.97)
  • $32.97 P/E (TTM): 21.18X Cap: $315M
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• Hydro One Limited (H $51.85)
  • $51.85 P/E (TTM): 24.8X Cap: $31.09B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $60.54)
  • $60.54 Cap: $23.08B
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Q: As per today, could you provide your best 3 Cdn Utility stocks for the next 5 yrs for total return (stock appreciation + div).

Thanks

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Read Answer Asked by Daniel on October 13, 2023

• Enbridge Inc. (ENB $65.78)
  • $65.78 P/E (TTM): 23.03X Cap: $142.63B
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Q: I’ve been looking at Enbridge debt for the past 10 years. It is up quite significantly. With the rise of interest rates, their interest payments are increasing every quarter. They will now be adding more to their debt with the recent acquisition. Is this the next AQN? Is the dividend safe?
Tks Kevin

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Read Answer Asked by Kevin on October 13, 2023

• Brookfield Infrastructure Partners L.P. (BIP.UN $48.89)
  • $48.89 P/E (TTM): 1138.07X Cap: $22.54B
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Q: What do you think about BIP.UN? Do you prefer another Brookfield name?

Thanks,

Jim

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Read Answer Asked by Jim on October 13, 2023

• Brookfield Infrastructure Partners L.P. (BIP.UN $48.89)
  • $48.89 P/E (TTM): 1138.07X Cap: $22.54B
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Q: Hi. Any reason why BIP.UN went down more than 5% yesterday? I am a long-term holder of BIP.UN and was wondering if this is the time to bring it up to a full position (4%)?

Upvote 0

Read Answer Asked by John on October 13, 2023

• Parkland Corporation (PKI $39.84)
  • $39.84 P/E (TTM): 21.03X Cap: $6.94B
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• Superior Plus Corp. (SPB $7.88)
  • $7.88 P/E (TTM): 31.79X Cap: $1.77B
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• Crombie Real Estate Investment Trust (CRR.UN $14.84)
  • $14.84 Cap: $2.74B
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• Exchange Income Corporation (EIF $77.46)
  • $77.46 P/E (TTM): 30.46X Cap: $3.98B
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• Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.34)
  • $13.34 P/E (TTM): 19.81X Cap: $916M
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Q: In my RRIF, where income with some growth is the aim, I am considering replacing one or all of EIF, SPB, PKI, CRR.UN with UMAX ETF. In what order would you sell ( I believe it’s best to spread this out over the next 6 months) ? Is there any stock you would keep or is a definite sell ? This will double the portfolio’s income and offset the rising mandatory withdrawal . This will also increase my portfolio’s composition of large cap industrial and utility companies. Your opinion on this approach is appreciated. Thanks. Derek.

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Read Answer Asked by Derek on October 12, 2023

• Brookfield Renewable Partners L.P. (BEP.UN $42.75)
  • $42.75 Cap: $28.12B
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• Algonquin Power & Utilities Corp. (AQN $7.88)
  • $7.88 Cap: $6.05B
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• Northland Power Inc. (NPI $25.39)
  • $25.39 Cap: $6.67B
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• Innergex Renewable Energy Inc. (INE $13.74)
  • $13.74 P/E (TTM): 72.32X Cap: $2.79B
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Q: Can you please tell me the estimated forward P/E for the above 4 utilities. Could you please rate from best to worse for potential total return over the next 2-3 years.
Thanks

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Read Answer Asked by Grant on October 12, 2023

Q: 5I team: Do you have any names you would consider safest type bets to carry @8.5% margin thanks Larry

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Read Answer Asked by Larry on October 12, 2023

• Suncor Energy Inc. (SU $58.17)
  • $58.17 P/E (TTM): 11.94X Cap: $69.87B
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Q: With the recent conflict in Israel, the forecasted coming recession in North America, and continued high interest rates for the foreseeable future, would now be a good entry point to buy SU? If not, what range would be reasonable to buy it at?

Would you say that SU has good looking prospects for an increase in share price for an investment horizon of 3 to 5 years? I am looking for a decent dividend to be accompanied by stock appreciation. Or, if the price appreciates significantly sooner than that, I could exit at that point too. Thank you for your insights.

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Read Answer Asked by Cathy on October 12, 2023

• NextEra Energy Inc. (NEE $82.14)
  • $82.14 P/E (TTM): 26.04X Cap: $170.12B
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Q: Hi
What is so great about Nextera Energy. They have almost doubled their debt since 2018 from about 38 billion to 72 billion. They have been raising their dividend roughly 10% a year and not even coming close to earning it. Their FCF per share alone in 2022 was Negative .74 Cents, yet their paying out $1.69..
The 2 years prior was just as bad. The return on their assets in 2021 was only 1.44% and 2022 was 1.57%
Gord

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Read Answer Asked by Gordon on October 12, 2023

• Toronto-Dominion Bank (The) (TD $113.85)
  • $113.85 P/E (TTM): 9.72X Cap: $193.87B
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• Fortis Inc. (FTS $71.30)
  • $71.30 P/E (TTM): 20.74X Cap: $35.87B
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Q: Hello,
Is it a good time to add to Enbridge, TD, Telus or BCE. Long term hold. Any other good dividend payers you would recommend at this time? Thank you.

Upvote 0

Read Answer Asked by Pierre on October 12, 2023

• Hemisphere Energy Corporation (HME $2.07)
  • $2.07 P/E (TTM): 6.5X Cap: $196M
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Q: What is your current opinion of HME? Do you feel it is similar in balance sheet strength, dividend reliability and future prospects to such firms as ARX, BIR, and HWX? Thanks

Upvote 1

Read Answer Asked by David on October 11, 2023

• Capital Power Corporation (CPX $70.68)
  • $70.68 P/E (TTM): 24.83X Cap: $10.86B
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Q: Will Alberta’s recent anti renewable energy legislation affect CPX’s future prospects. How do you rank this company compared to other Canadian utilities?

Thanks

Paul

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Read Answer Asked by Paul on October 11, 2023

• Duke Energy Corporation (Holding Company) (DUK $123.77)
  • $123.77 P/E (TTM): 20.11X Cap: $96.29B
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• NextEra Energy Inc. (NEE $82.14)
  • $82.14 P/E (TTM): 26.04X Cap: $170.12B
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• Southern Company (The) (SO $91.41)
  • $91.41 P/E (TTM): 23.07X Cap: $100.65B
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• American Water Works Company Inc. (AWK $130.97)
  • $130.97 P/E (TTM): 22.14X Cap: $24.99B
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• Atmos Energy Corporation (ATO $172.59)
  • $172.59 P/E (TTM): 23.72X Cap: $27.70B
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Q: I need to add to the utility sector. Is this a good time to buy?
Could you please provide 5 names and rate them in order of preference and why.
Would prefer U.S. exposure though Canadian is fine as well.
Thank you.

Upvote 0

Read Answer Asked by Lorraine on October 11, 2023

• Park Lawn Corporation (PLC $26.48)
  • $26.48 Cap: $904M
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• Home Depot Inc. (The) (HD $373.84)
  • $373.84 P/E (TTM): 25.72X Cap: $381.31B
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• Coca-Cola Company (The) (KO $68.51)
  • $68.51 P/E (TTM): 22.58X Cap: $295.34B
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• Lowe's Companies Inc. (LOW $234.35)
  • $234.35 P/E (TTM): 19.33X Cap: $133.34B
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• McDonald's Corporation (MCD $305.67)
  • $305.67 P/E (TTM): 25.4X Cap: $213.51B
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• PepsiCo Inc. (PEP $142.86)
  • $142.86 P/E (TTM): 27.3X Cap: $195.39B
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• Pfizer Inc. (PFE $24.61)
  • $24.61 P/E (TTM): 12.93X Cap: $139.92B
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• Philip Morris International Inc (PM $148.40)
  • $148.40 P/E (TTM): 26.15X Cap: $229.85B
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• Bank of Nova Scotia (The) (BNS $92.40)
  • $92.40 P/E (TTM): 17.69X Cap: $115.06B
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• Enbridge Inc. (ENB $65.78)
  • $65.78 P/E (TTM): 23.03X Cap: $142.63B
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• TMX Group Limited (X $51.54)
  • $51.54 P/E (TTM): 31.35X Cap: $14.38B
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• Toromont Industries Ltd. (TIH $164.99)
  • $164.99 P/E (TTM): 27.85X Cap: $13.23B
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.48)
  • $12.48 P/E (TTM): 25.19X Cap: $3.64B
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Q: Do you see interesting dividends stocks down that we should keep an eye on with potentiel harvesting tax-loss season coming? Canadian and US stocks with a good balance sheet.

I have been looking at dir.un, plc, ko and pfe

Upvote 0

Read Answer Asked by Francois on October 11, 2023

• Walgreens Boots Alliance Inc. (WBA)
  • Cap: $10.36B
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• International Business Machines Corporation (IBM $306.77)
  • $306.77 P/E (TTM): 36.36X Cap: $281.21B
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• 3M Company (MMM $164.32)
  • $164.32 P/E (TTM): 25.91X Cap: $85.53B
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• Realty Income Corporation (O $56.12)
  • $56.12 P/E (TTM): 54.5X Cap: $51.62B
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• Manulife Financial Corporation (MFC $47.02)
  • $47.02 P/E (TTM): 14.35X Cap: $78.60B
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• TC Energy Corporation (TRP $71.10)
  • $71.10 P/E (TTM): 17.25X Cap: $72.91B
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• Chartwell Retirement Residences (CSH.UN $20.52)
  • $20.52 P/E (TTM): 92.82X Cap: $5.97B
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• Parkland Corporation (PKI $39.84)
  • $39.84 P/E (TTM): 21.03X Cap: $6.94B
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• Aecon Group Inc. (ARE $30.21)
  • $30.21 P/E (TTM): 309.2X Cap: $1.83B
  • View ARE Profile
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Q: Could you please give me your top five dividend aristocrats. Thank you

Upvote 3

Read Answer Asked by Anne on October 11, 2023

• Whitecap Resources Inc. (WCP $10.43)
  • $10.43 P/E (TTM): 8.92X Cap: $12.46B
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• Birchcliff Energy Ltd. (BIR $6.81)
  • $6.81 P/E (TTM): 23.36X Cap: $1.82B
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• Trican Well Service Ltd. (TCW $5.29)
  • $5.29 P/E (TTM): 9.3X Cap: $1.12B
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• Headwater Exploration Inc. (HWX $7.50)
  • $7.50 P/E (TTM): 10.03X Cap: $1.79B
  • View HWX Profile
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Q: I currently own each of these oil & gas industry stocks. Are they well positioned for any potential consolidation/takeover activity that is rumored to occur as a followup from the XOM Pioneer story? Which firms are best positioned for takeover/merger/consolidation?

Upvote 1

Read Answer Asked by David on October 11, 2023

• Exchange Income Corporation (EIF $77.46)
  • $77.46 P/E (TTM): 30.46X Cap: $3.98B
  • View EIF Profile
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Q: Hi will any of your representatives be attending Exchange Income Days today or tomorrow?
Cheers

Upvote 0

Read Answer Asked by Alan on October 11, 2023

• BCE Inc. (BCE $31.61)
  • $31.61 P/E (TTM): 68.35X Cap: $29.47B
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• Enbridge Inc. (ENB $65.78)
  • $65.78 P/E (TTM): 23.03X Cap: $142.63B
  • View ENB Profile
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• TELUS Corporation (T $20.66)
  • $20.66 P/E (TTM): 32.05X Cap: $31.43B
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Q: Hi folks,
I am looking at topping up to a full position in either Telus, BCE or ENB. This will be in my TFSA account. Can you recommend one that not only will have some growth when interest rates peak but the dividend will remain intact as well.
Thanks

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Read Answer Asked by JOHN on October 10, 2023