Latest news with #WSPGlobal
Yahoo
15-07-2025
- Business
- Yahoo
Transform Your TFSA Into a Cash Cow With $7,000
Written by Amy Legate-Wolfe at The Motley Fool Canada Investing $7,000 in your Tax-Free Savings Account (TFSA) and turning it into a cash-generating machine doesn't require chasing trends. A focused and balanced mix of dividend and value stocks can work wonders. With that in mind, here's how I'd allocate your money across three solid TSX names. Those will be Fairfax Financial (TSX:FFH), Manulife Financial (TSX:MFC), and WSP Global (TSX:WSP). These strike a balance between income, growth, and diversification. But let's stay grounded — no overpromising here. First, Fairfax Financial. It's a diversified holding company rooted in insurance and asset management. Fairfax currently trades around $2,462 per share as one of the market's deeper-value names, but you're not here for the dividend pump. Its annual payout yields just 0.875%, making it a slow-burn value play rather than a cash machine. In a TFSA, that value growth is just as valuable, even with less immediate income. But you have to be patient, returns here compound slowly and are tied to the performance of its investments and insurance underwriting results. Next, Manulife. Manulife shares last changed hands at $41.50. It reported core earnings of $7.2 billion in 2024, up 8%, and maintains a conservative payout ratio of nearly 42%. Its annual dividend works out to 4.22% at writing, providing a dependable income stream without veering into yield traps. Its Asia business is growing fast, and wealth management is taking off too. But insurers also carry sensitivity to interest rates and capital markets, so you need to watch economic conditions closely. Finally, WSP Global. It's a global engineering and professional services firm trading near $281.50 per share. This isn't an obvious dividend stock; it yields only around 0.54%, or around $1.50 per share annually. Instead, its strength lies in consistent earnings growth and backlog expansion. In the first quarter of 2025, WSP beat expectations, its backlog grew, and analysts remained bullish. Analysts recently raised their estimates. Acquisitions like Ricardo in the U.K. also support global scale. Earnings growth may not generate big monthly cash, but reinvested returns can compound nicely in your TFSA. Here's how I'd divide the $7,000. Put $2,000 into Manulife to collect yield and income right away. The remaining $5,000 gets split between Fairfax and WSP. With Fairfax, you're buying value; you sacrifice immediate income for long-term gains. With WSP, you get global engineering exposure and rely on capital appreciation rather than dividends. COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY TOTAL INVESTMENT MFC $41.64 48 $1.76 $84.48 Quarterly $1,999.68 FFH $2,462.39 1 $21.59 $21.59 Quarterly $2,462.39 GSY $281.55 7 $1.50 $10.50 Quarterly $1,970.85 This mix gives you immediate yield from Manulife, value growth from Fairfax, and growth engine exposure via WSP. Over time, as Manulife pays dividends, those earnings can either fund living expenses or be reinvested to grow the capital base further. Meanwhile, money in Fairfax and WSP can compound tax-free in your TFSA. But let's be clear: no single strategy is foolproof. Insurers can suffer in market downturns. Fairfax's earnings depend on investment results and underwriting quality. WSP could see delays in infrastructure projects or setbacks in merger and acquisition integration. All come with execution and macro risks. Still, combining yield, value, and growth creates a well-rounded TFSA portfolio. You earn income now, while giving your TFSA room to appreciate over time. And if markets drop, your diversified selection offers different recovery paths. That makes it more resilient than chasing one shiny stock. At the end of five years, your goal is modest but meaningful: generate income from Manulife, build value in Fairfax, and ride global growth with WSP. All inside a tax-free wrapper, of course. That's how $7,000 can transform into a cash-creating machine. It's not glamorous, but it's disciplined, tax-efficient, and tailored to real-world investor needs. The post Transform Your TFSA Into a Cash Cow With $7,000 appeared first on The Motley Fool Canada. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $50 a share. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Don't miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now. Claim your FREE 5-stock report now! More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fairfax Financial. The Motley Fool recommends WSP Global. The Motley Fool has a disclosure policy. 2025
Globe and Mail
09-07-2025
- Business
- Globe and Mail
WSP Announces Details for the Release of Its Q2 2025 Results
MONTREAL, July 09, 2025 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation"), one of the world's leading professional services firms, will release its 2025 second quarter results on August 6, 2025, after market close. A conference call and webcast will be held on August 7, 2025, at 8:00 a.m. (Eastern Time) to discuss the results. To participate in the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details. A live webcast of the event can be accessed using this link. A presentation of the 2025 second quarter results will be accessible on August 6, 2025, after market close. A webcast replay will also be available within 24 hours following the call on WSP's website at in the Investors section. About WSP WSP is one of the world's leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals, known as Visioneers. Together they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP is publicly listed on the Toronto Stock Exchange (TSX:WSP).
Yahoo
21-06-2025
- Business
- Yahoo
TFSA: 3 Canadian Stocks to Buy and Hold for a Lifetime
Written by Amy Legate-Wolfe at The Motley Fool Canada Building wealth doesn't have to be complicated. With a Tax-Free Savings Account (TFSA), Canadians can grow their money over time without worrying about taxes on gains or income. But the key is picking the right stocks, ones you can hold for decades. The best TFSA stocks aren't necessarily the most exciting. They're the ones that quietly deliver strong returns, pay dividends, and stay resilient in all kinds of markets. Three great examples today are CCL Industries (TSX:CCL.B), Manulife (TSX:MFC), and WSP Global (TSX:WSP). CCL is one of the world's largest producers of labels and packaging. While that might not sound thrilling, it's a business built for stability. CCL has over 200 production facilities around the world, serving clients in healthcare, food, consumer goods, and tech. In its most recent earnings report, CCL reported revenue of $1.9 billion, up 8.6% from the year before. Earnings per share (EPS) hit $1.18, and free cash flow swung back to positive after a brief dip last year. This shows CCL isn't just growing, it's generating real cash that can support future expansion and dividends. The dividend stock currently pays a dividend yield of 1.6%, and it has a history of raising that payout over time. Then there's Manulife, one of Canada's largest insurance and wealth management companies. It operates in Canada, the U.S., and across Asia, giving it a strong global footprint. In its most recent quarter, Manulife reported $1.8 billion in core earnings, a steady result despite some market headwinds. Core earnings per share rose to $0.99 from $0.91 the year before. Net income dropped, mainly due to changes in investment values, but the core business remained strong. Its Canadian division saw solid insurance growth and lower expenses, while Asia showed promise as demand for wealth products improved. Manulife's dividend yield sits around 4.2%, and it has a long track record of rewarding shareholders. Finally, WSP Global is a lesser-known gem that delivers engineering and infrastructure consulting services around the world. Whether it's public transit systems, bridges, or green buildings, WSP is helping design the world's future. In its latest quarter, WSP saw revenue climb 22.4% to $4.4 billion, with net earnings of $144 million or $1.10 per share. That's up from $126 million last year. The dividend stock also reported a backlog of $16.6 billion, meaning it has years of projects already lined up. WSP's dividend is modest at just 0.55%, but it has room to grow thanks to strong earnings and demand. What makes all three of these stocks ideal for a TFSA is their mix of income, growth, and staying power. None of them are highly speculative. Each one operates in industries that are essential, whether it's consumer packaging, financial services, or infrastructure development. Each also generates healthy free cash flow, which supports dividend payouts and long-term investments in the business. Investors could invest $5,000 across all three today and collect quarterly dividends, with the potential for steady capital growth. And because these dividend stocks are diversified in what they do and where they operate, you get some built-in protection from market swings. In fact, $5,000 across each would bring in annual dividends of $316.60! COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL CCL.B $78.11 64 $1.28 $81.92 Quarterly $4,999.04 MFC $42.18 118 $1.76 $207.68 Quarterly $4,977.24 WSP $272.26 18 $1.50 $27 Quarterly $4,900.68 A TFSA is one of the best tools Canadians have to build long-term wealth. The sooner you start filling it with solid, income-generating stocks like CCL, Manulife, and WSP, the more time you will give your investments to grow tax-free. You don't need to check the market every day. Just buy quality businesses, sit back, and let compounding do the rest. The post TFSA: 3 Canadian Stocks to Buy and Hold for a Lifetime appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends CCL Industries and WSP Global. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Stocks in play: WSP Global Inc.
Announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc for 430 pence per share. This Acquisition underscores WSP's commitment to expanding its footprint in high-growth sectors worldwide. WSP Global Inc. shares are trading unchanged at $271.88.
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Montreal's WSP strikes deal to buy Britain's Ricardo for $670-million
Canadian engineering giant WSP Global Inc. WSP-T has struck a deal to buy British transport and energy consulting firm Ricardo PLC as it steams ahead with a growth strategy that shows no signs of slowing. WSP is offering to pay 430 pence per share in a deal worth 363.1-million pounds including debt (about $670-million at current exchange rates), the Montreal-based company said in a statement Wednesday. That's a takeover multiple of 10.4 times earnings before interest, taxes, depreciation and amortization in 2024 for Ricardo's continuing operations, WSP said. WSP said it has won support for the deal from all of Ricardo directors as well as major shareholders representing about 48 per cent of Ricardo's issued share capital. It will pay for the takeover with a new 230 pound ($425-million) loan facility arranged by Royal Bank of Canada as well as cash on hand and existing credit. The acquisition is only the latest in a wave of deals by the WSP as chief executive Alexandre L'Heureux reshapes what was once a boutique engineering business into a company with a global reputation and multipronged capability. Its market capitalization now stands at about $36-billion. The industry is consolidating as projects become larger and more complex while design companies – which include engineering and architecture outfits and planners – navigate technological change, the CEO has said. That could present more opportunities, he said. Ricardo, which employs about 2,700 people, has been shifting its business in recent years toward a focus on environment and energy services such air quality and water management in addition to rail and mass transit. It also has another business unit in automotive and industrial services that will likely be sold, WSP said. 'We are constructive on the proposed transaction at first blush as it is set to accelerate WSP's expansion in targeted high-growth areas,' Raymond James analyst Frederic Bastien said. Ricardo also comes at a reasonable price and appears to match up well with WSP's existing operations, he said. WSP, perhaps best known for its transportation projects and super-skinny skyscrapers, last year won the largest contract in its history. It will provide its expertise for Britain's Great Grid Upgrade, the biggest overhaul of the electricity network in England and Wales in decades.
