01:38:07 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 408,637,092
Close 2015-09-28 C$ 60.93
Market Cap C$ 24,898,258,016
Recent Sedar Documents

Globe says CI, others have high profits and dividends

2015-09-29 07:18 ET - In the News

See In the News (C-CIX) CI Financial Corp

The Globe and Mail attempts to identify Canadian companies that generate high economic profit for the shareholders, above-average dividend growth rates and that are trading at interesting multiples in its Tuesday, Sept. 29, edition. The Globe's guest columnist Jean-Didier LaPointe writes in the Number Cruncher column that he looked for high economic and accounting performance, as well as attractive valuation multiples to identify long-term investment opportunities. Return on capital had to be greater than 10 per cent. Mr. LaPointe's pick had to pay a dividend. He only looked at companies with a one-year dividend growth rate greater than 10 per cent. As well, the five-year dividend growth rate also had to be above 10 per cent. Qualifying stocks had to have a price-to-earnings ratio of 15 or less. Finally, the current price-to-earnings ratio had to be below the five-year average. Only nine Canadian companies made the cut. Mr. LaPointe's Canadian dividend stocks with high profits and dividend growth are CI Financial, Cogeco, Domtar, Home Capital Group, Magna International, Nevsun Resources, Potash Corp. of Saskatchewan, Royal Bank of Canada and WestJet Airlines.

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