CIBC Dividend Stock Analysis 2015

CIBC

Canadian Imperial Bank of Commerce, or as it is commonly known, CIBC (CM) is one of the Big Five Canadian banks. CIBC is the smallest of the five and has most of its operations in Canada, with a small exposure to the US market. The Canadian banks are regarded as some of the safest financial institutions in the world. The companies have a long track record of being conservative and focused on long-term stability and prosperity.

CIBC has existed as an institution since 1867 and paid dividends since 1868, and makes for a great core position in any investor’s portfolio. There are plenty of headwinds facing the Canadian economy and the banks — including a recession, weak Canadian dollar, possibility of a housing bubble and potential crash, which has lead to very attractive valuation levels for investors looking to initiate or add to their positions. This article takes a closer look at the stock and provides a full dividend stock analysis.

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CSX Corp Dividend Stock Analysis

CSX Corp (CSX) is the third largest railroad company in North America. The company operates 21,000 miles of network serving 23 states east of the Mississippi River including two Canadian provinces – Ontario and Quebec. CSX Corp operates in one of the widest moat industries – railroads. The company serves probably most important geographic region in North America – the eastern US, serving 2/3 of the population and over 60% of US industrial production. The company has a diversified traffic volume including intermodal, industrial, agricultural, construction and coal.

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Parker-Hannifin Dividend Stock Analysis

Parker-Hannifin

Parker-Hannifin Corporation (PH) is the world’s leading diversified manufacturer of motion and control technologies and systems. The company’s engineering expertise spans the core motion and control technologies — electromechanical, hydraulic and pneumatic, fluid and gas handling, filtration, sealing and shielding, climate control, process control and aerospace. Parker operates in 49 countries and employs approximately 58,000 people worldwide. A Dividend Champion, having raised its dividend for 58 consecutive years, Parker-Hannifin flies under the radar for most investors as the starting initial yield is low (currently at 2.1%).

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Norfolk Southern Dividend Stock Analysis

NSC

Norfolk Southern Corp. (NSC) is a class 1 railroad company that dominates the eastern continental US and commands approximately 20,000 miles of rail network in 22 states and the District of Columbia. The company is one of the key players in the transportation industry and provides a great investment opportunity for long-term investors. Norfolk Southern is a dividend contender, having raised dividends for 14 consecutive years, with a 5-year DGR of 10.3%. The current headwinds the crude industry is facing provides a good opportunity to initiate a position in this best-in-class starting yielder.

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Wells Fargo: Bank On America’s Bright Future

Wells Fargo & Co. (WFC) is a household name in the United States, and is one of the largest banks in the world. The company is a nationwide diversified financial services company with $1.7T in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance services through more than 8,700 locations, more than 12,500 ATMs, online, and mobile devices. Wells Fargo was rated as the 8th biggest public company in the world by Forbes in 2014, and 29th biggest company by revenue in the U.S. by Fortune Magazine. The company went through financial stress during the recent financial crisis. However, it came out on top and now holds the #1 spot as America’s largest retail mortgage lender and servicer. It is the largest holding of Berkshire Hathaway, which owns 9% of the company and continues to be a great performer. The company is currently fairly valued with most valuations pointing to a stable outlook.

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