Top 3 dividend stock ideas from Evan Mancer of Cardinal Capital Management
Pro Picks with Evan Mancer (Cardinal Capital Management)
1. Canadian Pacific Kansas City (CP.TO)
• Best-managed railway in North America with strong long-term fundamentals, even in economic downturns.
• Tariffs unlikely to disrupt demand – essential goods like potash will still need to be transported, even at higher prices
• Big growth potential, with management targeting earnings to more than double in five years.
2. Applied Materials (AMAT.O)
• AI infrastructure play—supplies equipment to semiconductor manufacturers like Taiwan Semiconductor.
• Valuation advantage, trading at just 18x earnings vs. 40-50x for AI peers.
• More resilient than before, with a growing services business making up one-third of revenue.
3. United Rentals (URI.N)
• Consistently high growth, with earnings growing 20%+ per year over the last decade.
• Infrastructure spending tailwinds, including potential benefits from the Inflation Reduction Act.
• Reasonably priced – trades at 15-16x earnings
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On the next episode of In the Money with Amber Kanwar: Jamie Murray of the Murray Wealth Group talking growth and dividend stocks. E-mail questions@inthemoneypod.com and you could be featured on the show!
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