Sustainable dividends from top companies satisfying demand for new entertainment/media content.continues to soar, with global box office receipts in excess of US$550-million following its second weekend in theatres.
The strong showing for Paramount Pictures’ latest megahit bodes well for top content providers and their investors as they look to a post-COVID future. While many of the most prominent providers, including Netflix Inc. and Walt Disney Co., don’t currently pay dividends, there are others offering sustainable payouts to match their bright prospects.
Our search started with a list of Canadian and U.S. media firms with strong content generation. We then applied our TSI Dividend Sustainability Rating System to a short list of income payers. It awards points to a stock based on key factors:Two points if it has raised the payment in the past five years;One point for operating in non-cyclical industries;Two points for a strong balance sheet, including manageable debt and adequate cash;One point if the company’s an industry leader.
Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.is the online home of The Successful Investor Inc. – the group of widely followed Canadian investment newsletters by editor and publisher Pat McKeough.
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