Investment Q&A

• Bank of Nova Scotia (The) (BNS $79.70)
  • $79.70 P/E (TTM): 16.5X Cap: $99.27B
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Q: Hello Peter and team . Good graph set up. If we can share the source or build few important set ups in the site itself, that would be great.
Q- Dividend safety . Out of the following which ones you think has the dividend safety AT THE CURRENT LEVELS OF PAYOUTS-
1. BANKS (BNS, TD, RY, CM), TELECOM ( TELUS, BCE) , ENB, BIP, GWO, SUNLIFE, CU, FTS.
I am thinking of putting new money into 3-4 of these but dividend safety is must. Thanks

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Read Answer Asked by RUPINDER on April 03, 2020

• Chemtrade Logistics Income Fund (CHE.UN $13.10)
  • $13.10 P/E (TTM): 12.17X Cap: $1.47B
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Q: I didn't see a div cut detail in the news- also what is the debt situation?

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Read Answer Asked by Scott on April 03, 2020

Q: Out of the income portfolio there are some high yield names at present can you provide the most sustainable dividends with payout ratios and you would be buyers of today.
Thanks!

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Read Answer Asked by Denis on April 03, 2020

• Nutrien Ltd. (NTR $80.05)
  • $80.05 P/E (TTM): 187.59X Cap: $38.89B
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Q: I have been reading the questions and answers on nutrien. I think Nutrien has been holding up very well in this market and with spring coming, their retail business,, having bought Agrium quite a while ago, the potential for food shortages, a great dividend, I think nutrien is close to a back up the truck investment.
But I don’t read financials so can you tell me how well capitalized they are. Thank you.

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Read Answer Asked by Helen on April 03, 2020

• Atrium Mortgage Investment Corporation (AI $11.70)
  • $11.70 P/E (TTM): 11.18X Cap: $556M
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Q: Hi Peter,

Atrium announced yesterday that it will redeem its convertible bonds a month early (from end of June to beginning of May 2020). What is the purpose of this? Also, is it common for companies to have double digit dividend yields and not have any cuts? I understand that mortgage investment corps are more unique as they have to pay out all of their income which explains the high payout ratio (it's expected).

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Read Answer Asked by Tait on April 03, 2020

• Pembina Pipeline Corporation (PPL $52.64)
  • $52.64 P/E (TTM): 17.75X Cap: $30.58B
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• Keyera Corp. (KEY $45.45)
  • $45.45 P/E (TTM): 19.01X Cap: $10.41B
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Q: Have Key or Ppl ever reduced their dividends?
What do you think the odds are from 1 to 10 of OPEC agreeing to reduce supply by their next meeting this June ?

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Read Answer Asked by Terry on April 03, 2020

• Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
  • $42.37 P/E (TTM): 1011.3X Cap: $19.53B
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Q: Hi Peter and Staff

Please explain again the reorganization- I still have same number of units of BIP.UN as I did a month ago - I THINK value per unit has gone down more than normal but I do not see any BIPC shares in my account yet at TD

Thanks for all you do
Dennis

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Read Answer Asked by Dennis on April 03, 2020

• Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
  • $42.37 P/E (TTM): 1011.3X Cap: $19.53B
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• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $55.96)
  • $55.96 Cap: $7.39B
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Q: Greetings 5i and thank you for your hard work.
I have combed through the various Q's on BIP and see bits and pieces of what is happening with the 'new' shares but do not feel I have the whole picture - plse assist.
I own 300 shares of BIP.UN in a non-Reg account: what can I expect to happen and what should I wind up with when the dust settles? What will be the nature of the shares be and how many will I own?
Thanks again
SP

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Read Answer Asked by Steve on April 03, 2020

• Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
  • $42.37 P/E (TTM): 1011.3X Cap: $19.53B
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• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $55.96)
  • $55.96 Cap: $7.39B
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Q: I currently own shares of BIP.UN - will they be automatically converted to BIPC shares or is there something I have to do on my side to initiate the conversion ?
Thanks

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Read Answer Asked by JOHN on April 03, 2020

• Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
  • $42.37 P/E (TTM): 1011.3X Cap: $19.53B
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Q: Is the receipt of BIPC a stock dividend equal to $49.29 per share?

If all the BIPC shares are converted into BIP.UN is the only tax effect an addition to the Adjusted Cost Base equal to the above stock dividend?

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Read Answer Asked by Jacob on April 02, 2020

• Canadian Tire Corporation Limited (CTC $249.00)
  • $249.00 P/E (TTM): 18.2X Cap: $13.46B
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Q: great establishment , generous dividend. low pe. looks like a great buy at current price whats youe opinion?

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Read Answer Asked by terrance on April 02, 2020

• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $55.96)
  • $55.96 Cap: $7.39B
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Q: Dear 5i,

For a new purchase in a NonReg account. Is it better to buy BIPC compared to BIP.UN due to the eligible dividend?
For a new purchase in a RRSP account which one is better to buy?
For a new purchase in a TFSA account which one is better to buy?
Can you confirm that a Canadian holder of any of the above receive the dividend
automatically converted by Brookfield into CDN dollars.

thanks

Ian

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Read Answer Asked by Ian on April 02, 2020

• AT&T Inc. (T $28.77)
  • $28.77 P/E (TTM): 16.73X Cap: $205.71B
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Q: Thoughts on this company, is it a buy at current levels? how long would you expect for it to recover? is the dividend safe?

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Read Answer Asked by JOSH on April 02, 2020

• SFL Corporation Ltd (SFL $8.29)
  • $8.29 Cap: $1.20B
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• Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B) (RDS.B)
  • P/E (TTM): 40.7X Cap: $195.62B
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Q: Would you recommend RDS.B or SFL? If you had to choose between them, which would it be?
Thanks for your service

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Read Answer Asked by Ozzie on April 01, 2020

• Royal Dutch Shell PLC American Depositary Shares (Each representing two Class A) (RDS.A $51.04)
  • $51.04 P/E (TTM): 11.44X Cap: $322.78B
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Q: Can I get your opinion on Royal Dutch Shell? With the share price decline their dividend yield is quite high, so like many oil stocks now the question is sustainability. Is this another dividend trap? (got burned on Vermillion!). Thanks for your views.

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Read Answer Asked by Dan on April 01, 2020

• Parkland Corporation (PKI $38.60)
  • $38.60 P/E (TTM): 22.7X Cap: $6.73B
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Q: I would like to sell this to harvest a tax loss but will want to buy it back in 30 days. What should I replace it with in the interim as I find this to be a bit of hybrid. Already hold ATD.B

Appreciate your insight.

Paul F.

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Read Answer Asked by Paul on April 01, 2020

• Miscellaneous (MISC)
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Q: With the slow down of the economy during this pandemic investors who depend on dividends to supplement their income are worried about dividends cuts and/or suspensions.
In an article in this morning's Globe the writer said: "For dividend investors looking for bargains, there is a lot to choose from".
Could you perhaps list (10) dividend stocks where you think the dividend will be safe.
What sector(s) would you advise investors to focus on at this time? The stocks need not be paying a dividend.
Looks like I have 2 questions.......

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Read Answer Asked by shirley on April 01, 2020

• Royal Bank of Canada (RY $190.65)
  • $190.65 P/E (TTM): 20.48X Cap: $268.72B
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• BCE Inc. (BCE $35.24)
  • $35.24 P/E (TTM): 77.65X Cap: $32.86B
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• Canadian Imperial Bank Of Commerce (CM $101.22)
  • $101.22 P/E (TTM): 12.65X Cap: $94.55B
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• TELUS Corporation (T $22.94)
  • $22.94 P/E (TTM): 35.95X Cap: $35.21B
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• National Bank of Canada (NA $151.55)
  • $151.55 P/E (TTM): 14.36X Cap: $59.30B
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• Canadian Western Bank (CWB $56.63)
  • $56.63 P/E (TTM): 20.63X Cap: $5.47B
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• Hydro One Limited (H $50.65)
  • $50.65 P/E (TTM): 24.45X Cap: $30.37B
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• Brookfield Asset Management Inc Class A Limited (BAM $61.06)
  • $61.06 P/E (TTM): 40.67X Cap: $98.49B
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• Brookfield Renewable Partners L.P. Limited Partnership Units (BEP $25.40)
  • $25.40 Cap: $16.71B
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• Brookfield Infrastructure Partners LP Limited Partnership Units (BIP $30.67)
  • $30.67 P/E (TTM): 1011.3X Cap: $14.14B
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Q: I plan to retire in 3 years and want to set up a portfolio of dividend paying stocks for my retirement in a non- registered account. Can you please give me your thoughts if I buy the following in 20% amounts at each S&P drop of 3-5% over the next 1-3 months. CM RY, NA, CWB, BCE, T, H, BIP, BEP, BAM.
Are there any others you would recommend today?

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Read Answer Asked by Vineet on March 31, 2020

• Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
  • $42.37 P/E (TTM): 1011.3X Cap: $19.53B
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Q: What happened with Brookfield Infrastructure today? It was up nicely with the market, and then very abruptly dropped like a rock. Now down over 7% on a good market day.

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Read Answer Asked by John on March 31, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $35.16)
  • $35.16 Cap: $23.13B
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• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $41.37)
  • $41.37 P/E (TTM): 82.86X Cap: $6.55B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
  • $42.37 P/E (TTM): 1011.3X Cap: $19.53B
  • View BIP.UN Profile
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.41)
  • $12.41 P/E (TTM): 25.54X Cap: $3.62B
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Q: Thank you to the whole 5I team for your precious help during these difficult times. I am retired and I hold shares in a corporate account of DIR and CAR with losses of approximately 30% each. The company is expected to close within 3 years. Do you think these 2 titles will go back to their paid level by then. If not, would it be appropriate to sell them take a tax loss and migrate to companies with slightly lower dividends but with more growth? I thought of BIP and BEP or BAM. If not, do you have any other suggestions?

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Read Answer Asked by Yves on March 31, 2020