Power Financial Corp (PWF.TO)

A very safe investment, and sees no risk on the dividend. Doesn't own it right now, because it effectively it is a holding company, and he questions what are the pieces worth. The biggest piece is Investors Group, and doesn't know if he wants to invest in a mutual fund company right now with the movement of ETFs, passive investing, etc. He would be more inclined to own Sun Life (SLF-T) for its recovery, or Manulife (MFC-T) for its Asian operation, and better potential growth down the road. 4.5% dividend yield.

(A Top Pick May 3/17, Up 4%) It was a little more defensive for the summer. He wanted the dividend. It was a sideways moving stock. It is making some progress to breaking out of the consolidation. If it does not carry on upward he will ditch it.

A conglomerate. There are two holding companies. For a long time it has not performed well. They have improved slightly recently. He thinks they should change to only one holding company. He thinks the dividend will increase over time.

Power Financial (PWF-T) or Toronto Dominion Bank (TD-T)? He would take the simpler course and go the bank, because Power Financial is associated with all kinds of financial services. Then there is the parent, and then there is the family. The Canadian banking base is tremendously strong.

Likes this a lot. It is cheap and has a very nice dividend yield, and is trading at a huge discount to his FMV calculation. On a Price to Book basis it is quite cheap. This is the kind of stock we should be investing in.

Has a model price of $48.49, a 43% upside from its current price. He would buy on any pullback to a $32 level, and would be a seller at $38. Dividend yield of 4.87%.

A holding company. As a growth manager, this is not exciting as there is not much happening. There is nothing growing in this company. The dividend is absolutely safe. If you are looking for meaningful appreciation, this would not be her favourite stock. 4.9% dividend yield.

The underlying businesses essentially include Great West Life (GWO-T) and Investors Group, both having their own challenges. Great West life is leveraged to higher interest rates, and historically has demonstrated great track record for cost control and dividend growth. For investors group, the mutual fund industry is not growing quickly, but with cost control they are able to leverage their sales force. Both have solid foundations. For dividend investors, this is something that can be held for a long time.

He likes this name. It has come down a little, but is now moving up with interest rates going higher, as a lot of their business is in the insurance area. You’re getting a very nice dividend and a very stable growth rate. Dividend yield of almost 5%.

Their key assets are Investors Group and Great West life, so if interest rates were to move up that would impact the stock positively. This is not his favourite in the space. At current levels, Sun Life (SLF-T) looks much more attractive, and has a better dividend yield and better prospects. The dividend is sustainable and should grow in the mid to low single digits.

Had owned this in the past and likes it. It holds Great West Life (GWO-T) and Investors Group, so it has some European participation. A great way to play these 2 stocks plus Europe at a discount. Expects there will be continuing dividend growth.

A financial services holding company. It holds a controlling interest in Great West Life (GWO-T), IGM Financial the big mutual fund company, and a number of European assets through Pargesa. It has a history of raising its dividend on a regular basis. This has been under pressure, because its biggest holding, Great West Life, has been under pressure because of a few short-term issues that have cropped up. Dividend yield of 5%. (Analysts’ price target is $36.)

(Top Pick May 3/17, Down 6%) We had a breakdown. He is waiting for the oversold balance to get out. He holds it in his income platform because it pays a high dividend.

A well-managed holding company, with holdings in Great West Life and Investors Group. He would prefer to buy those separately. Longer-term, insurance is a good business to be in.

This had a break out in 2016 and is making higher highs and higher lows. Doesn’t think this is going to be a big mover, but it has a safe looking pattern. (Analysts’ price target is $37.)