I recently did articles on the 3 biggest banks in Canada, The Bank of Nova Scotia (NYSE:BNS), Toronto-Dominion Bank (NYSE:TD), and Royal Bank of Canada (NYSE:RY), all of which offer different prospects to long-term investors. Those articles can be found here, here and here.
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The Bank of Montreal (NYSE:BMO) is the fourth largest bank in Canada, by market capitalization, at ~$42B. They have been in business since 1817, and have now grown to employ ~46,000 employees providing financial services and products to more than 12M customers. Ranking by assets, BMO is the 8th largest bank in North America and they have paid a dividend for 187 years, the longest running dividend record of any company in Canada. However, most recently, they froze their dividend growth for 3 years during the financial crisis and have raised it for 5 years since then.
Top Dividend Stocks To Buy For 2017: ONEOK Inc.(OKE)
Advisors' Opinion:- [By Garrett Cook]
Citi maintains Buy ratings on Targa Resources (NYSE: TRGP), ONEOK (NYSE: OKE) and Oneok Partners (NYSE: OKS) citing the companies stories around natural gas liquids (NGLs).
Top Dividend Stocks To Buy For 2017: Telefonica SA(TEF)
Advisors' Opinion:- [By Javier Hasse]
Multiple-award-winning Trimaker is the leader in terms of sales in 3D printing in the region, serving clients like Staples, Inc. (NASDAQ: SPLS), Toyota Motor Corp (ADR) (NYSE: TM), Kraft Heinz Co (NASDAQ: KHC) and Telefonica S.A. (ADR) (NYSE: TEF). The company not only manufactures its own 3D printers, but also offers materials and related services.
Top Dividend Stocks To Buy For 2017: Reynolds American Inc(RAI)
Advisors' Opinion:- [By Ben Levisohn]
Reynolds American (RAI) topped the S&P 500 today after receiving a bid from British American Tobacco (BTI) that values the stodgy tobacco stock at $$56.50 a share.
Getty ImagesShares of Reynolds American soared 14% to $53.78 today, while the S&P 500 finished little changed at 2,141.16.
Cowen’s Vivien Azer and Aaron Grey call the “multiple offered for Reynolds American quite compelling.” They explain why:
British American Tobacco�is proposing to acquire the outstanding 58% of RAI that it does not already own. The offer of $56.50 / share is comprised of $24.13 in cash, and the rest in BAT shares. The deal constitutes a 16.3x EBITDA multiple, which we view as quite attractive in the tobacco landscape (in particular, as it represents a healthy premium relative to the 13x that RAI paid for Lorillard)…
We view the multiple offered for RAI as quite compelling. That said, CEO Susan Cameron has distinguished herself by creating exceptional shareholder returns via both the acquisition of Lorillard as well as the $5 bn sale of Natural American Spirit��s international business to JT. As such, we would not rule out the possibility of RAI negotiating a modest premium relative to this offer. We would note that we would not expect these negotiations to be protracted, given that this deal could face far less regulatory scrutiny (as unlike the�Lorillard deal, we do not see any meaningful antitrust issues). Maintain Outperform rating on Reynolds American.
Thanks to the takeover offer, Reynolds American, which reported net income of $3.3 billion on sales of $10.7 billion in 2015, saw its market capitalization jump to $76.8 billion today from $67.3 billion yesterday.
- [By Benzinga News Desk]
Jefferies started Altria Group (NYSE: MO) at Hold and Reynolds American (NYSE: RAI) at Buy.
Sell-Side's Most Noteworthy Calls JPMorgan downgraded Wells Fargo (NYSE: WFC) to Neutral. Morgan Stanley downgraded Skechers (NYSE: SKX) to Equal-Weight. Raymond James upgraded Petrobas (NYSE: PBR) to Market Perform. Credit Suisse upgraded Clovis (NASDAQ: CLVS) to Outperform. Deal TalkSome traders attributing after-hours upside in Clovis to a Janney Capital analyst comment during a Bloomberg interview, saying there are "many suitors" for the company, Including Eli Lilly (NYSE: LLY), Roche (OTC: RHHBY) and Merck (NYSE: MRK). A Clovis spokesperson told Benzinga it's company policy not to comment on rumors.
- [By Ben Levisohn]
Cigarette seller Altria (MO) is supposed to be a nice, safe consumer staple stock. So why is it down more than 3% today when the stock market is rallying? And why are other tobacco companies like Reynolds American (RAI) and Phillip Morris International (PM) also getting hammered? Wells Fargo’s Bonnie Herzog has an idea:
- [By Shauna O'Brien]
On Friday, tobacco company Reynolds American, Inc. (RAI) reported a public offering of $1.1 billion aggregate principal amount of senior notes.
The notes include $500 million aggregate principal amount of 4.850% Senior Notes due 2023 and $550 million aggregate principal amount of 6.150% Senior Notes due 2043.
RAI plans to use the funds obtained from the notes to buy back $200 million of the outstanding principal amount of its 7.300% notes due in 2015 and the $775 million outstanding principal amount of notes due in 2016.
Reynolds American shares were mostly flat during pre-market trading Friday. The stock is up 16% YTD.
Top Dividend Stocks To Buy For 2017: Nordson Corporation(NDSN)
Advisors' Opinion:- [By Monica Gerson]
Nordson Corporation (NASDAQ: NDSN) is projected to post its quarterly earnings at $0.92 per share on revenue of $415.52 million. Nordson shares gained 0.88 percent to close at $75.74 on Friday.
- [By Monica Gerson]
Nordson Corporation (NASDAQ: NDSN) is estimated to post its quarterly earnings at $0.92 per share on revenue of $415.52 million.
KLX Inc (NASDAQ: KLXI) is projected to report its quarterly earnings at $0.30 per share on revenue of $383.62 million.
