The Successful Investor, in the May, 2020, issue, says buy Loblaw Companies Ltd., recently $75. The Investor previously said buy 33 times from March, 1995, to November, 2019, at prices ranging from $11 to $74 (the stock split 3 for 1 in May, 1996). Assuming a $1,000 investment for each of the 33 buys, the $33,000 position is now worth $63,225. Loblaw owns 1,087 supermarkets and 1,338 Shoppers Drug Mart pharmacies across Canada. All of these stores continue to operate amid the COVID-19 pandemic, as they have been declared essential businesses. Loblaw has also introduced new services to help customers adapt to pandemic, such as on-line ordering, in-store pickup and home delivery. These services should help cement customer loyalty and potentially attract shoppers to Loblaw's credit cards and loyalty programs. As a result, despite the COVID-19 crisis, the Investor is confident that investors can "expect the company's earnings and dividend to rise in 2020." Loblaw has paid dividends for over 50 years and currently offers a 31.5-cent quarterly payout, for a solid yield of 1.7 per cent. Buy.
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