Cash-rich Canadian companies embrace dividend strategy

Newswire

* Dividend hikes prevalent across the business spectrum * Companies seek to boost their share prices * Economic outlook makes payouts preferable to investing * Trend seen continuing as cash stays on sidelines By Andrea Hopkins TORONTO, Feb 28 (Reuters) - Canadian companies of nearly every stripe have announced big dividend increases this year, aiming to dole out mountains of cash on a bet that shareholders prefer ...

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