Nigerian Lenders Unveil Asset Remedy Plans After Regulator Order

Top Nigerian banks will make provisions for non-performing loans and cut exposure to certain clients that are above regulatory thresholds, responding to a central bank directive that raised questions and hurt their shares.
Falling into line with the regulator's request will enable them pay dividends, director bonuses and invest in foreign subsidiaries after Central Bank of Nigeria this week barred them from doing so until they get their books in order.

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• Yahoo

3 TSX Stocks to Build Wealth Over the Next Decade

Written by Jitendra Parashar at The Motley Fool Canada Building long-term wealth in the stock market is less about reacting to day-to-day news and more about filtering out the noise and sticking to your plan. In addition, it mainly requires patience and, above all, fundamentally strong stock picks. Even with the at all-time highs, the market still has plenty of great opportunities. In fact, I find many of Canada's strongest companies undervalued based on their long-term growth prospects. In this article, I'll cover three TSX-listed stocks that could offer serious upside in the long run and are worth holding onto. The first stock that could fit nicely in a long-term investor's portfolio is TFI International (TSX:TFII). This transportation and logistics giant, with operations across Canada, the U.S., and Mexico, has been through a rough patch lately. TFI stock is currently trading at $123.87 per share, with a market cap of about $10.3 billion and a quarterly dividend with a nearly 2% annualized yield. TFI reported a dip in earnings in the first quarter of 2025 as weak freight demand weighed on its results. But it still managed to post a 5% YoY (year-over-year) rise in its total revenue to US$1.96 billion with the help of new acquisitions like Daseke, which boosted its truckload segment's performance. More importantly for long-term investors, TFI continues to generate strong free cash flow and remains committed to rewarding shareholders through dividends and buybacks. With a disciplined strategy and growing presence in North America, this logistics stock has the potential to see a bounce back and deliver solid gains over the next decade. The second TSX stock worth a look for patient investors right now is Boyd Group Services (TSX:BYD), which is a major player in the auto collision and glass repair business across North America. The company recently posted mixed first-quarter results, with its revenue slipping 1% YoY to US$778.3 million. But despite softer demand, it gained market share and managed to improve gross margins to 46.2% due mainly to better pricing and in-house service expansion. Interestingly, Boyd's new leadership is currently focusing on a cost-cutting strategy to unlock $100 million in savings by 2029. Boyd stock is currently trading at $206.11 per share, giving it a market cap of about $4.4 billion. The stock has slipped about 23% over the last year, but with a long-term annual revenue target of US$5 billion, it could reward patient holders in the years ahead. Rounding out this list of long-term TSX opportunities is Richelieu Hardware (TSX:RCH), a firm that supplies specialty hardware and complementary products to manufacturers and retailers across North America. RCH stock is currently trading at $34.77 per share with a market cap of about $1.9 billion and offers a modest annualized dividend yield of 1.8%. While it has dropped nearly 13% over the last 12 months, Richelieu remains focused on long-term growth moves. In the first quarter of 2025, the company's sales rose 8.6% YoY, supported by five new acquisitions that expanded its presence in both Canada and the United States. It also continues to invest in retail and distribution upgrades, preparing itself for future demand. Moreover, for long-term investors, Richelieu's disciplined expansion strategy and consistent cash generation could make it a solid compounder over time. The post 3 TSX Stocks to Build Wealth Over the Next Decade 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 Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Boyd Group Services, Richelieu Hardware, and TFI International. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio

Bloomberg

3 hours ago

• Bloomberg

TSMC Shares Trail Smaller Peer UMC After High-Dividend ETF Snub

Taiwan Semiconductor Manufacturing Co. 's stock is lagging smaller rival United Microelectronics Corp. after being brushed aside by some of Taiwan's biggest yield-focused exchange-traded funds. Shares of TSMC, the world's largest contract chipmaker, have dropped 3.7% this year, compared to an 11% gain for UMC, according to data compiled by Bloomberg. UMC's dividend yield of more than 6% has given it substantial exposure to Taiwan's high-dividend ETFs, which collectively manage more than $44 billion in assets, Bloomberg data show.

Yahoo

4 hours ago

• Yahoo

3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio

Exchange-traded fund (ETF) inflows hit a record $1.9 trillion in 2024, pushing total ETF assets to $14.7 trillion. However, with 10-year U.S. Treasury yields hovering near 4.4%, income-hungry investors face a situation in which traditional ETFs struggle to compete. This has prompted a shift toward innovative strategies aimed at securing higher yields. Warren Buffett Famously Warned to 'Make Money While You Sleep' or 'You Will Work Until You Die': 5 Stocks To Invest Like Buffett 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Three notable funds are reshaping the income investing landscape by offering yields that far exceed conventional alternatives. Each one uses advanced covered call strategies on major indexes, turning volatile markets into reliable monthly income streams. The Global X Nasdaq 100 Covered Call ETF (QYLD) tracks the CBOE NASDAQ-100 BuyWrite V2 Index. With assets under management reaching $8.38 billion, QYLD's annual distribution rate sits at 14.13%, paying out distributions monthly. The fund maintains positions in all stocks in the Nasdaq 100 Index ($IUXX) and simultaneously sells call options on the index, effectively covering 100% of its portfolio. This strategy is aimed at collecting option premiums, which are distributed monthly. While this delivers a robust income stream, the tradeoff comes in the form of capped upside during sharp rallies. The fund's expense ratio is 0.6%, which is competitive given the complexity of its options strategy and the steady cash flow it aims to provide. The ETF is down 8.7% in the year to date and is down 6.7% over the past year. The NEOS S&P 500 High Income ETF (SPYI) is a product of NEOS Funds and began trading on Aug. 31, 2022. The ETF also pays out monthly distributions and has a 12-month distribution rate of 12.65%. This ETF is built on the back of the S&P 500 Index ($SPX), but it's not just a passive tracker. It holds the stocks in the benchmark index, and then in addition to selling call options on the index, its managers buy put options on the same index. This creates a 'collar' effect, aiming to retain more of the upside potential of its holdings if the market breaks out to the upside. SPYI manages $3.9 billion in assets. The fund's expense ratio is 0.68%, which is in line with its active approach and complex strategy. SPYI is down 2.4% in the year to date and 1.9% over the past 52 weeks. The ProShares S&P 500 High Income ETF (ISPY) brings a new twist to the high-yield ETF space. Tracking the S&P 500 Daily Covered Call Index, ISPY is the first ETF to implement a daily covered call overlay on the S&P 500. This means that rather than the typical monthly or weekly cadence, ISPY writes fresh out-of-the-money call options every single trading day, using swap agreements to access the full S&P 500 portfolio and maximize option premium capture. This high-frequency approach is designed to exploit the rapid time decay of daily options, allowing the fund to reset its strike price each day and adjust to changing market conditions. The result is a steady stream of elevated income, with the added benefit of some downside protection if markets turn choppy. However, this daily reset also means that returns are more closely tethered to short-term market swings, and the fund may lag in strong, sustained bull runs since upside is capped. Its 12-month distribution rate is 12.82%, and like QYLD and SPYI, it pays out distributions monthly. ISPY's assets under management stand at $740.3 million, and the fund charges an expense ratio of 0.55%, which is competitive for an actively managed, options-driven ETF. ISPY is down 7.9% in the year to date and 6.3% over the past 52 weeks. High-yield covered call ETFs like QYLD, SPYI, and ISPY offer a compelling way to boost monthly income, though they do sacrifice some growth potential for those generous payouts. Considering the current volatile investing environment, it's reasonable to expect these ETFs to stay relevant for income seekers in 2025. On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Effettua l'accesso per consultare il tuo portafoglio