* Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. For Air Canada, the savings are worth around $530 million. If everything is in order, the deal should conclude in late January or February 15, 2021, at the latest. High-Yield Canadian Energy Stocks, 10 Canadian Stocks Crossing All rights reserved. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Canadian Oil Stocks: More Upside Than Tech in 2021. What is Transat A.T current dividend yield, its reliability and sustainability? Transat shares are currently trading at $3.9 and have lost 25% in September alone. Become a Premium Member to “stick” up to 3 rows and access more exclusive benefits. Monthly payments from Quarterly Payers ››. However, the airline has enough cash to survive a prolonged pandemic. Canada’s harsh travel restrictions are making things all the more complicated for this $150 million airline company. Both Transat and Air Canada’s stocks have tumbled due to the pandemic and the reduced demand for air travel. The merger between the country’s biggest airline Air Canada (TSX:AC) and holiday travel specialist Transat A.T. (TSX:TRZ) has been pending for more than a year now. Hand picked by analysts based on Dividend.com rating system. Future Dividend Aristocrats: Close Contenders, Decades of Increasing Payments: 25 Potential for revenue and cost synergies are on the horizon, although the buyout news did little to prop up the airline stock. AC stock has lost more than 65% so far this year. It carried nearly five million passengers last year — roughly 10% that of Air Canada. Thanks to the management that followed financial discipline so that the company has enough emergency cash to ply during some of the worst times. That might be true in the pre-pandemic scenario, but how things stand post-pandemic remains to be seen. Vineet Kulkarni | October 12, 2020 | More on: AC TRZ. Because Motley Fool Canada is offering a full 65% off the list price of their top stock-picking service, plus a complete membership fee back guarantee on what you pay for the service. The pricing reflects the pandemic’s impact on the airline industry and aviation assets. Transat A.T. Inc. operates as an integrated tour operator in the Americas and Europe. Sadly, the meltdown is so severe that it will take years before capacity returns to pre-coronavirus levels. It has been raising capital on a war footing for the last few months. Transat’s shares are down 76.34 per cent year-to-date (YTD) while Air Canada stocks slumped approximately 67 per cent YTD. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. An error occurred. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Co. operates as both an outgoing and incoming tour operator by bundling services bought in Canada and abroad and reselling them in Canada, France, the United Kingdom and elsewhere, mainly through travel agencies. Transat is in a weaker position among peer Canadian airlines. The Canadian Competition Bureau warned that the proposed merger would hinder competition and result in higher prices. At the same time, continuing with near-zero demand for another three odd months would make it highly jarring for Transat. Crossing Above Their 200 Day Moving Average, 10 Stocks There is no data for the selected date range. Returns since inception, October 2013. I understand I can unsubscribe from these updates at any time. Because of the possibility of human or mechanical error by Mergent's sources, Mergent or others, Mergent does not guarantee the accuracy, adequacy, completeness, timeliness or availability or for the results obtained from the use of such information. Transat’s second-quarter earnings depicted how badly the pandemic has dented the vacation travel specialist. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. In general, profits from business operations can be allocated to retained earnings or paid to shareholders in the form of dividends or stock buybacks. Airlines might not be able to function with similar capacities that they were for years before the pandemic. © 2020 The Motley Fool Canada, ULC. Dividend Yield vs Market Notable Dividend : Unable to evaluate TRZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts. Why Did Corus Entertainment (TSX:CRJ.B) Stock Soar Higher Last Week? Airlines might not be able to operate with similar capacities that they were for years before the outbreak. Buy the Stock One Day Before the Ex-Dividend Date. Competition authorities are arguing that the deal would give Air Canada a dominating share of the transatlantic air travel, which will dent competition. Portfolio management news, reports, video and more. For advanced charting, view our full-featured. Not to alarm you, but you’re about to miss an important event. Dividend Capture Avg Days for Stock Price Recovery, Consumer Discretionary Select Sector SPDR® Fund, First Trust Dow Jones Internet Index Fund, China Eastern Airlines Corp., Ltd. ADR (Sponsored) Cl. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Please read the Privacy Statement and Terms of Service for more information. Simply click the link below to grab your free copy and discover all 5 of these stocks now. The travel restrictions are hampering the flag carrier badly too, but it has more ammo to weather the disaster compared to smaller airlines. Please help us personalize your experience. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. In depth view into Transat A.T. Dividend including historical data from 1996, charts, stats and industry comps. Current as of October 26, 2020. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. All stock quotes on this website should be considered as having a 24-hour delay. However, the firm will not commit to the deal yet because a rival bidder might emerge. As of October 15, 2020, the share price is $15.52 or a year-to-date loss of 68%. This could only be the start of the consolidation in the global aviation space. Not sure where to start? However, the pending approval from competition authorities will play a crucial role. Like in the Dow, Broker Darlings: Top 15 Analyst Picks Deepen your understanding of Responsible Investing. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. Crossing Above Their 200 Day Moving Avg, 10 Canadian Stocks Dividend Stocks Crossing Below Their 200 DMA, 10 Canadian Stocks Where Canada’s dominant air carrier aimed to become a global leader in leisure, tourism, and travel distribution. The purchase would offer AC an increase in the holiday travel space and Transat’s fair-sized fleet. Estimates are not provided for securities with less than 5 consecutive payouts. Both Transat and Air Canada’s stocks have tumbled due to the pandemic and the reduced demand for air travel. However, why would Air Canada be interested in paying four times the current price for an embattled airline, with so many uncertainties? View and export this data going back to 2006. Analysts' Current Least Favorites, 10 ETFs With Stocks That Notably, the purchase would offer Air Canada an expansion in the holiday travel space and Transat’s decently sized fleet. Please read the Privacy Statement and Terms of Service for more information. 5 Stocks Under $49 (FREE REPORT). Notably, the renewed offer indicates Air Canada is still financially well placed, and survival is not a concern for it. The fortunes of the Air Canada stock could change if the acquisition of Transat pushes through soon. The Motley Fool Canada » Investing » Air Canada (TSX:AC): An Acquisition Could Happen Very Soon, Christopher Liew, CFA | October 20, 2020 | More on: AC. of the Dow, Top 25 Broker Analyst Picks of the If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. The merger is now pending at the competition authorities, and the verdict is expected in late December 2020. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. Estimates are provided for securities with at least 5 consecutive payouts, special dividends not included. Air Canada raised its purchase offer to $720 million in August 2019, with a breakup fee of $40 if it decides to terminate the takeover bid. S.A.F.E. It divides the Forward Annualized Dividend by FY1. Canadian Oil Stocks: More Upside Than Tech in 2021. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. Air Canada (TSX:AC) Current AC Stock Price: C$ 16.09 . Socially Responsible Dividend Stocks, 10 Dividend Bargains You Can A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. Canadian Oil Stocks: More Upside Than Tech in 2021. The Air Canada-Transat deal is expected to complete by early next year. Airline companies, including Air Canada, went into a tailspin. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? Current as of October 26, 2020. Please try again by refreshing your browser or contact us with details of your problem. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you. Dividend Stocks Crossing Above Their 200 DMA, 10

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