National Bank of Canada - 2011 Annual Report
National Bank of Canada employs more than 19,000 employees and operates in 3 business segments: Personal & Commercial; Wealth Management; Financial Markets. Total assets in excess of $156 billion as of Oct. 31, 2011. Quarterly dividends for common shareholders increased by 21%. Net 2011 income reached $1.2 billion and $7.00 per share, up 11% and 12% respectively compared to the previous year. Total Revenues increased 7% to $4.6 billion.
HEALTHCARE SERVICES GROUP
HCSG is a Pennsylvania corporation, incorporated in 1976. HCSG has paid quarterly dividends since the second quarter of 2003 and during 2010 we paid regular quarterly dividends totaling approximately $39,285,000. The stock was split 3 for 2 in November 12, 2010.
CIBC
2010 was a good year for CIBC. Net income grew to $2.5 billion and dash diluted earnings per share increased to $5.95. Return on equitey was strong at 19.4%.
CALLOWAY REAL ESTATE - INVESTMENT TRUST
Calloway is an unincorporated open-ended mutual fund trust governed by the laws of the Province of Alberta. As of March 21, 2011, Calloway owned 128 shopping centres, one office building and one industrial building with total gross leasable area of 24.4 million sq ft. DRIP investor plans available.
ONEOK, INC.
Oneok, Inc. is the sole general partner and 42.8% owner of Oneok Partners, L.P., a publicly traded master limited partnership engaged in natural gas gathering and processing, natural gas pipelines and natural gas liquids. The 10 year return to shareholders was 233%; 5 year return was 152.7%; 3 year return was 40.9%; and 1 year return was 29.4%. Since 2006 dividends have increased by 86% and in January 2011 dividends were increased another 4 cents.
POLYPORE INTERNATIONAL INC.
Polypore is a leading global high technology filtration company specializing in microporous membranes. Our products enable ion flow in mobile and portable energy applications, as well as high performance filtration in healthcare and specialty applications. Sales increased 19% to $616.6 million, an 86% increase in adjusted EBITDA for the year to $184.9 million.
POWER FINANCIAL CORPORATION
During 2010, Power Financial and its subsidiaries experienced higher sales, gains in market share and increased levels of profitability. Operating earnings for 2010 were $1,733 million or $2.31 per share, an increase of 12.8% on a per share basis.
ROYAL BANK OF CANADA
RBC is one of Canada's largest banks as measured by assets and market capitalization. About 74,000 full and part-time employees serve close to 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 56 other countries. After dividends were at $2.00 per share for 2008, 2009, 2011, dividends increase to $2.08 for 2012.
TELUS CORPORATION
Telus is a leading national telecommunications company in Canada with $9.8 billion of annual revenue. 2010 operating income increased 1.8%; EBITDA increased 4.4%; Earnings per share increased 2.9%, Dividends increased 5.3%.
WAL-MART STORES, INC.
For fiscal year 2011 Walmart increased net sales by 3.4% to $419 billion and operating income by 6.4% to more than $25 billion. Earnings per share rose 12% to $4.18 per share and a stable ROI of over 19%, closing out the year with almost $11 billion in free cash flow and returned a record $19.2 billion to shareholders through dividends and share repurchases.
Canadian Tire- 2010 Annual Report
The Canadian Tire brand holds 98% instant recognition with Canadian shoppers. 2010 was a great year and dividends were increased by 31%. Nearly 57,000 people work across Canadian Tire's organization.
Lowes Companies Inc. - 2010 Annual Report
Lowe's 2010 comparable store sales increased 1.3%. From 2005 to 2010 total U.S.A. sales increased 12.9%. Pre-Tax earnings up 14.2% over 2009 and cash dividends up 18.3% per share. As of January 28, 2011, Lowe's had 1,749 stores, 24 of them in Canada.
Ainsworth Engineered- 2010 Annual Report
Ainsworth is a leading manufacturer and marketer of oriented strand board with a focus on value-added specialty products for markets in North America and Asia. In 2010, Ainsworth recorded net income of $9.4 million. Sales from continuing operations increased by 15% in 2010 to $329.5 million. Adjusted EBITDA for 2010 was $53.7 million. Most of Ainsworth employees participate in defined benefit pension plans sponsored by the Company.
Masco Corporation - 2010 Annual Report
One of the world's largest manufacturers of brand name products for the home improvement and new home construction segments. Employs approx. 32,500 employees in 90 manufacturing facilities.
Newell Rubbermaid Inc. - 2010 Annual Report
In 2010, Newell Rubbermaid Inc. delivered core sales growth in all three operating segments. Newell Rubbermaid is fulfilling its potential as a best-in-class, brand building company that is focused on creating value for their shareholders.
Richelieu - 2010 Annual Report
Listed on the TSX as RCH since 1993. Appreciation in share price since 1993 is 1,297%. Market capitalization as of November 30, 2010 was $631.3 million. Average annual return on share/10 years including dividend reinvestment is 14.3%.
Stanley Black&Decker - 2010 Annual Report
Total 2010 revenues were up 125% to $8.4 billion. Earnings grew 176% with continued dividend growth. "The first chapter in the story of Stanley Black & Decker has been a great one and we expect that this is just the beginning of a long and fulfilling journey to create exceptional shareholder value."
BERKSHIRE HATHAWAY - 2010 ANNUAL REPORT
Both Class A and B stock increased by 13% in 2010. Over the last 46 years, book value has grown from $19 to $95,453, a rate of 20.2% compounded annually.
CAMECO
2010 marked another successful year for Cameco. The tragic events in Japan have caused short-term challenges in the nuclear industry, but the long term fundamentals for nuclear energy are very positive. The company is in a strong financial position.
CANADIAN UTILITIES LIMITED
AN ATCO COMPANY
Canadian Utilities has assets of approximately $9 billion and employs more than 5,700 people. Dividends per share increased in 2010 for the 38th consecutive year and more than 50% of employees own shares in the company.
FREEPORT-MCMORAN - COPPER & GOLD
FCX is a leading international mining company with headquarters in Phoenix, AZ. 2010 was an outstanding year for the company with record setting results. A 'two for one' stock split took effect February 1, 2011.
GENERAL ELECTRIC COMPANY
In 2010, growth resumed and our earnings expanded by 15%. GE Capital's earnings rebounded sharply. We raised the dividend twice, for a combined 40% increase. GE stock responded well, up 21% for the year and our aim in 2011 and beyond is to continue the progress.
THE HOME DEPOT INC.
Against a backdrop of continued weakness in the USA housing market, in 2010 HD achieved its first year of positive sales growth since fiscal year 2006. Earnings per share were up 29.7%. Dividends had a 6% increase for 2010, our second consecutive dividend increase.
HUSKY ENERGY
Husky Energy is one of Canada's largest integrated energy companies and publicly traded on the TSE. 2010 revenues were $18,178,000, up from $15,074,000 in 2009.
MANULIFE FINANCIAL
Founded in 1887, Manulife Financial is a leading Canadian-based financial services group serving millions of clients in 22 countries and territories worldwide. Manulife is the 2nd largest North American insurer, the t7th largest Global insurer, and employs 24,819 people worldwide.
McDONALD'S CORPORATION
McDonald's had another year of strong results in 2010, with a 5% growth in global comparable sales, 11% growth in earnings per share, while serving 64 million customers a day. Operating income grew 9% with continued growth in global market share. McDonald's returned $5.1 billion to shareholders through share repurchases and dividends paid, and a 27% return to investors for the year.