Toromont Industries Limited today announced it is increasing its quarterly dividend 6% to CAD$0.19 per share, and this represents the 28th consecutive year of dividend increases for the company.
See below link for news on 2016 financial performance and dividend announcement:
https://www.toromont.com/newsdetails.asp?ReleaseID=1010626
See below my rationale for investing in Toromont Industries Ltd.:
Heavy Duty Success: Toromont Industries Ltd.
After the fallout from Reliance Jio’s entry into the Indian mobile market, investors in Indian telecom companies got excited over the weekend with the news of a potential tie-up between Vodafone Group Plc’s mobile unit in that country and Idea Cellular Limited, currently India’s third largest mobile provider.
While India has a massive population and offers significant long-term growth potential in the form of both voice traffic and data (not even considering mobile money applications like MPesa), the billions of dollars needed to build out networks and continually invest in spectrum combined with 11 mobile providers meant that profits remain far lower than had hoped for.
Cell phones in India have become a commodity, and its not uncommon to see people with two mobile phones. Consolidation in the market was long overdue and while I was expecting the likes of Telenor India and Tata DoCoMo to lead a march toward consolidation, I’m glad the possibility of it actually happening is increasing.
You can read the Bloomberg article here:
Wolters Kluwer N.V. (the “Company”) is a global company Continue reading
As I said in the MY INVESTMENT PHILOSOPHY page on this site, I do not consider myself a GROWTH investor nor do I consider myself to be a VALUE investor. I keep reading and researching about different business and industries in an attempt to find those which I believe would make good long-term investments whether or not they fit into GROWTH of VALUE buckets. I have always been fascinated by advertising/marketing, and if my love for finance and investing weren’t so strong, I would have probably tried my hand at marketing.
SNA investors were handsomely rewarded with news of a 16.4% increase in its quarterly dividend to $0.71 per share. You can read the release below:
Click to access Q42016DividendIncreaseFinal.pdf
You can check out my original post on why I believe SNA would make an excellent investment for the long-term investor:
Oh Snap! Snap-On Incorporated Looks Appealing.
Jeffrey Ubben is considered by many to be a value investing “God”:
You can read my take on why I think TRN is an attractive investment:
Big news out of Canada recently folks as that country’s answer to Berkshire Hathaway Inc., Fairfax Financial Holdings Ltd., sold almost 90% of its long-dated U.S. Treasury holdings in what appears to be a risk-off move on the cusp of U.S. elections and lingering global uncertainty.
The Security Whisperer 