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Bank of Nova Scotia (The) (BNS)
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Sun Life Financial Inc. (SLF)
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Fortis Inc. (FTS)
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A & W Food Services of Canada Inc. (AW)
Q: 18% loss on paper with already .Would you rate this stock as a "sell,buy,or hold" ? please name 3 probably safer cdn dividend stocks, your feedbacks are always very appreciated, JY
5i Research Answer:
We recently initiated coverage on AW in February - the report can be found here.
We initiated coverage at a 'B' rating and we note that its underlying business is highly attractive and sustainable, and we like it for its dividend yield and its focus on growth. Its price continues to head lower, but valuation is fairly attractive at 14X forward earnings, its yield is solid at 6%, forward growth estimates are OK, and its fundamentals are healthy. We do not like the share price momentum, but we believe that eventually its price will find support. We would be comfortable holding here, and adding to the name if it finds support around these levels.
3 dividend names we like include: SLF, BNS, and FTS.