Patriotic pointers: Tech tricks to help you buy Canadian
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Tech Expert Katrina German offers some advice on ways to help you support Canadian businesses
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CTV News
an hour ago
- CTV News
New entertainment district open on 104 Street
Visitors to the Downtown Farmers' Market enjoy a live music performance. Dogs on leash are allowed to attend, too. (Galen McDougall/CTV News Edmonton) The City of Edmonton launched a new Entertainment District on Saturday. The new pedestrian-only space runs along 104 Street between Jasper Avenue and 104 Avenue. Visitors will find live entertainment, as well as food and drinks – including alcohol – they can buy and consume anywhere within the district. It will be activated during the Downtown Farmers' Market on Saturdays during the summer, between 10 a.m. and 3 p.m. 'The Entertainment District bylaw creates even more of a positive impact on the businesses bordering our public events like the Farmers' Market by allowing patrons to buy drinks inside and enjoy them out on the street,' said EDBA CEO Puneeta McBryan. 'This supports our efforts to create a vibrant place to live, work and play by supporting the restaurant sector and providing fun, exciting experiences for Edmontonians and visitors.' Edmonton's first entertainment district was opened last year on Rice Howard Way as part of a pilot project. It was awarded the 2024 Economic Developers of Alberta award for best renewal project. 'The addition of another District will infuse even more energy and enthusiasm into the heart of our city,' Tom Girvan, director of Downtown economy said. More information on the entertainment districts can be found on the city's website.
Globe and Mail
2 hours ago
- Globe and Mail
Beat the S&P 500 With This Cash-Gushing Dividend Stock
You don't need to uncover the next big artificial intelligence stock to outperform the broader stock market. Sometimes, consistent and profitable growth is all you need to achieve outsize investment returns. Zoetis (NYSE: ZTS) is an animal healthcare company that split off from Pfizer in 2013. The stock has beaten the S&P 500 ever since, and now may be as good an opportunity as any to buy the stock. Here is why Zoetis is a compelling buy today, and why investors can continue to expect outstanding investment returns over the coming years. A powerhouse product portfolio with many winners Innovation is at the core of the pharmaceutical business, where companies invest substantial resources to develop and obtain regulatory approval for drugs and therapies. Once approved, their patents essentially block out competition for years. The catch is that drug development often fails, so the winners need to compensate for the failures, too. Size and deep pockets are advantages here, and Zoetis sits at the top of the mountain in animal health. The company develops and sells devices and drugs for treating pets and livestock, including cats and dogs, cattle, fish, swine, and poultry. The company expects 2025 sales to exceed $9.2 billion, driven by a portfolio of approximately 300 product lines, including 17 blockbusters that generated at least $100 million in sales last year. Its diversity translates to stable revenue streams. Zoetis' annual sales have continually set new records every year since the company began trading over a decade ago. Zoetis grows and gushes cash, a lucrative combination Zoetis is a highly profitable enterprise, converting roughly $0.25 of every revenue dollar into free cash flow. Having billions of dollars in annual cash profits enables Zoetis to hit the investing trifecta for great stocks: Doing all these things simultaneously is why the stock has performed as well as it has. Data by YCharts. Importantly, this should continue for the foreseeable future. Studies have shown that millennial and Gen Z Americans are driving growth in pet expenditures and ownership rates. Pet owners form emotional bonds with companion animals, which will likely translate to a growing market opportunity for Zoetis, as well as pricing power and spending resiliency through economic cycles. Additionally, livestock remains a long-term growth opportunity. A growing global population will consume more protein, and Zoetis' worldwide footprint should position it for growth in emerging markets, where much of that growth is likely to occur. The stock's valuation isn't usually this attractive You would look at Zoetis and its price-to-earnings (P/E) ratio of 30 and assume the stock is expensive. Ironically, it rarely becomes this cheap. Analysts estimate the company will grow earnings by an average of around 10% annually over the long term. Most stocks with healthy but unspectacular growth don't trade at such valuations. However, Zoetis' business has been such a consistent performer that investors value the stock for its safety. No stock is a sure bet, but you can feel pretty confident about buying and holding this one. Data by YCharts. Ideally, the stock's valuation will become even cheaper, but as you can see, that's a risk because it hasn't fallen much from these levels in over a decade's worth of history. If Zoetis continues to perform as it has, the stock has a good chance of at least maintaining its current P/E ratio, meaning growth and dividends will drive the stock's returns. Investors can realistically expect somewhere around 11% annualized returns, driven by earnings growth and a rising dividend that yields 1.2% today. It's not explosive, but solid, steady returns can outrun the broader market over the long term. Should you invest $1,000 in Zoetis right now? Before you buy stock in Zoetis, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Zoetis wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Globe and Mail
2 hours ago
- Globe and Mail
3 Top High-Yield Dividend Stocks I Can't Wait to Buy in June to Boost My Passive Income
I'd love to be able to retire early. It's not that I don't want to work; I don't want the stress of having to earn income to cover my living expenses. My desire to become financially independent drives my investment strategy. My goal is to grow my passive investment income so that it will eventually cover my basic living expenses. That way, I won't have to worry about working to pay the bills. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » I strive to make progress toward my passive income target each month by investing in additional cash-flowing investments. A top priority of mine is buying high-quality, high-yielding dividend stocks. Three that I can't wait to purchase more of this June are PepsiCo (NASDAQ: PEP), Rexford Industrial Realty (NYSE: REXR), and W.P. Carey (NYSE: WPC). Taking another sip of this satisfying dividend stock PepsiCo stock currently yields more than 4%, roughly three times more than the S&P 500 's less than 1.5% yield. The food and drink giant's yield has been steadily rising over the past year. That's due to the company's continued dividend increases and a more than 25% slump in its stock price caused by the potential impact of tariffs and concerns about changing consumer tastes. PepsiCo recently raised its payment by another 5%, extending its growth streak to 53 years in a row. That's kept it in the dividend nobility. It's a Dividend King, a company with 50 or more years of annual dividend increases. I love investing in high-yielding dividend stocks that grow their payouts, because they can help me reach my passive income goal faster. PepsiCo is in an excellent position to continue increasing its payout. The company expects its heavy capital investments (it reinvests more than 5% of its net revenue each year) to drive 4%-6% organic revenue growth and mid-to-high single-digit earnings-per-share growth. The company is also investing in inorganic growth to accelerate its transformation into a healthier food and beverage company. It recently bought low-calorie drink maker Poppi for nearly $1.7 billion. It also acquired Siete and Sabra to help better align its portfolio with consumers' changing tastes for more wellness-focused products. The company's growth investments put it in a solid position to continue increasing its shareholder payout. A short-term speed bump Rexford Industrial Realty's dividend yield is approaching 5% following a more than 30% slump in its stock price from its 52-week high. The industrial-focused real estate investment trust (REIT) has been under pressure due to rising interest rates and slowing demand for warehouse space in Southern California. The slowdown in Southern California drove anemic growth in the net operating income (NOI) generated by its same-property portfolio in the first quarter (0.7% increase). However, new investments (acquisitions and redevelopment projects) helped drive a nearly 7% increase in its funds from operations (FFO) per share in the period. While Rexford is facing some near-term growth headwinds, the longer-term outlook is much brighter. The REIT estimates that a combination of annual embedded rental rate increases, in-process repositioning and redevelopment projects, and rent growth as legacy leases expire and reprice to market rates will drive a 34% increase in its NOI over the next few years. That positions Rexford to continue increasing its dividend. The REIT has grown its payout at a 16% compound annual rate over the past five years, much faster than the sector average of 3%. A steady dividend grower W.P. Carey's dividend yield is getting closer to 6%. The diversified REIT's payout has risen due to its falling share price (nearly 5% decline) and steady dividend increases. It bumps up its payment a little bit each quarter. The REIT invests in single-tenant industrial, warehouse, retail, and other properties across North America and Europe secured by long-term net leases with built-in rent escalations that raise rents at either a fixed rate or one tied to inflation. Because of that, its portfolio provides it with very stable and steadily rising rental income. W.P. Carey routinely invests in additional income-producing net lease properties. It's targeting to invest $1 billion to $1.5 billion into new properties this year. Those growth drivers should enable it to steadily increase its payout. Ideal passive income stocks PepsiCo, Rexford Industrial Realty, and W.P. Carey fit my investment strategy. They pay high-yielding dividends that they aim to steadily increase and have strong businesses. Because of that, they can supply me with more income now and in the future, which should help me reach my early retirement goal even faster. Should you invest $1,000 in PepsiCo right now? Before you buy stock in PepsiCo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PepsiCo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
