17:27:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 382,256,855
Close 2017-03-08 C$ 57.62
Market Cap C$ 22,025,639,985
Recent Sedar Documents

Globe says TD, others considered strong dividend payers

2017-03-08 08:28 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail attempts to identify equities trading at reasonable valuations, paying attractive dividends and generating the excess cash necessary to reinvest in their businesses in its Wednesday edition. The Globe's guest columnist Khaled Eniba writes in the Number Cruncher column that dividends are an important component of total return that cannot be ignored. Indeed, over the past five years, dividends have represented 43 per cent of the S&P/TSX composite index's total return. Mr. Eniba says he screened for companies providing a sustainable and consistent income stream with the potential to grow dividends, while maintaining the versatility needed to invest in their business through production expansion, new product development or debt reduction. The price-to-earnings ratio had to be less than the S&P/TSX, which has a P/E of 19. Dividend yield needed to be greater than 2 per cent. His picks needed to have positive predicted net income growth over the next 12 months. He also wanted to see free-cash-flow yield greater than dividend yield. Stocks matching his criteria are Toronto-Dominion Bank, Great-West Lifeco, Power Financial, Magna International and National Bank of Canada.

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