#dividend stocks on tsx

[pristinegazee]

he Bank of Canada has already implemented three early rate cuts of 25 basis points each, yet pressures on Canadian households continue to mount, prompting forecasts for even more aggressive rate reductions in the near future. According to the latest stock market news today, CIBC anticipates a notable 50-basis point cut by October 2024. 

These initial rate cuts have sparked a significant rally in the real estate and telecommunications sectors, indicating further potential for growth that savvy investors can take advantage of. Additionally, the increase in the Canadian household savings rate, which rose to 7.2% last quarter from 2.9%, suggests a greater capacity for consumer spending, further bolstered by the anticipated rate cuts.

This environment creates compelling opportunities for investment in some of the best stocks listed on the Toronto Stock Exchange (TSX). We have meticulously compiled a selection of attractive stocks that not only offer favorable valuations and long-term growth potential but also provide substantial and consistent dividend payments. This combination presents investors with the chance for both immediate income generation and long-term capital appreciation. 

Explore our curated list of the best dividend stocks listed on the TSX poised for significant long-term growth.

[dailystockinsight]

Retiring Soon? Consider Adding these Dividend-Paying Stocks to your Portfolio 

Canadian investors looking to build a self-directed Tax-Free Savings Account (TFSA) focused on generating reliable and growing passive income have an opportunity to buy discounted TSX dividend stocks. These stocks offer attractive yields and potential for long-term capital appreciation. 

Bank of Nova Scotia 

Bank of Nova Scotia (TSX: BNS) presents a compelling opportunity for investors seeking dividend income with growth potential. Currently trading around $63.50, the stock has recovered from lows near $55 but remains well below its pre-pandemic levels of $93. Despite rising provisions for credit losses (PCL), totaling $1 billion in fiscal Q2 2024, up from $700 million a year earlier, the bank maintains profitability amidst high interest rates affecting borrowers. The recent interest rate cuts by the Bank of Canada are expected to ease pressures on variable-rate loans and fixed-rate mortgages, potentially stabilizing PCL numbers in the coming quarters. With adjusted net income of $2.1 billion in Q2 2024 and a streamlined workforce, Bank of Nova Scotia has ample capital to navigate market turbulence while focusing on growth in Canada, the United States, and Mexico. Investors can currently benefit from a robust dividend yield of 6.65%, making BNS stock a solid addition to a TFSA focused on income generation. 

Telus 

Telus (TSX: T) offers an attractive entry point for investors looking to capitalize on its dividend yield and growth prospects. Trading below $22 per share, down from $34 in 2022 primarily due to high interest rates impacting profitability, Telus is positioned for recovery. The company's subsidiary, Telus International, faced revenue declines but Telus itself achieved 7.4% growth in adjusted EBITDA last year and targets over 5% growth in 2024. Despite near-term challenges, Telus Health and its Consumer Goods and Agriculture segment hold promising long-term growth potential. The stock currently offers a generous dividend yield of 7.1%, providing investors with substantial income while waiting for potential market appreciation. As interest rates stabilize or decline, Telus could benefit from improved profitability, potentially driving share price appreciation. 

Building a Diversified TFSA Portfolio 

Diversification is key to mitigating risk and achieving stable returns in a TFSA. By investing in discounted dividend stocks like Bank of Nova Scotia and Telus, investors can build a well-rounded portfolio that combines income generation with growth potential. These stocks not only offer attractive dividend yields but also present opportunities for capital appreciation as economic conditions improve. For Canadian investors seeking to maximize the benefits of their TFSA, focusing on fundamentally strong companies with discounted valuations can provide a pathway to long-term financial success. 

Canadian investors have a unique opportunity to enhance their TFSA portfolios with discounted TSX dividend stocks like Bank of Nova Scotia and Telus. These stocks, offering high dividend yields and growth potential, are well-suited for income-focused strategies within a tax-free investment account. Despite current economic challenges and sector-specific headwinds, both BNS and T are positioned to benefit from recovery trends and strategic growth initiatives. By carefully selecting and diversifying investments across these discounted stocks, investors can optimize their TFSA returns while building a resilient portfolio for the future. 

[thinkandretire]

A Guide for Novice Investors: Investing in Pizza Stocks in 2023

[hamzaaslam]

Toronto Stock Exchange Unveils the 2024 TSX30, Recognizing the Companies Powering Canada's Economy

Annual ranking highlights top-performing stocks’ roles in energy security and electrification, and a shift from growth to value investing Toronto, Ontario – Newsfile Corp. – September 10, 2024 – Toronto Stock Exchange (TSX) today announced its sixth annual TSX30®, a ranking of the top 30 performing companies based on dividend-adjusted share price performance over a three-year period. The 2024…

[nuovaalta2]

2024-03-28 $OR #2024-03-28

Montreal-based Osisko Gold Royalties Ltd has recently declared a dividend for the first quarter of 2024. Delighted to announce the news, the Company has set the dividend at C$0.06 per common share, reflecting its commitment to providing attractive returns to its shareholders. The dividend is scheduled to be paid on April 15, 2024, to shareholders of record as of March 28, 2024. Importantly, this dividend falls under the category of an eligible dividend according to the Income Tax Act in Canada. As of the writing of this article, Osisko Gold Royalties Ltd (OR: TSX & NYSE) is gaining significant attention from investors. The Company has established itself as one of the leading royalty and streaming businesses engaged in the mining industry. Osisko Gold Royalties partners with numerous mining companies across North America, enabling them to finance their projects in exchange for royalty and stream agreements. With a diversified portfolio and a history of delivering value to their shareholders, Osisko Gold Royalties has positioned itself as a trusted player in the sector. https://csimarket.com/stocks/OR-Dividend-Comparisons.html?utm_source=dlvr.it&utm_medium=tumblr

[inveswithdavid]

Top 2 TSX Dividend Stocks for 2024 to Boost Your RRSP Portfolio

In the investment landscape, seizing opportunities during market downturns demands courage and foresight. Contrarian investors, in particular, acknowledge the potential for significant long-term returns by acquiring top TSX dividend stocks with a track record of growth at discounted prices. Within self-directed Registered Retirement Savings Plan (RRSP) portfolios, such opportunities are plentiful, offering a strategic path for investors to strengthen their retirement savings while positioning themselves for future growth.

TC Energy: Navigating the Energy Landscape

TC Energy (TSX:TRP) emerges as a formidable player in the North American energy infrastructure sector, boasting an extensive network of natural gas pipelines and storage facilities spanning across Canada, the United States, and Mexico. Despite recent market fluctuations, TC Energy remains steadfast in its commitment to operational excellence and value creation for its shareholders.

Strategic Initiatives and Growth Prospects

In response to rising interest rates and operational challenges, TC Energy is actively pursuing strategic initiatives to fortify its financial position and capitalize on growth opportunities. By monetizing non-core assets and optimizing its capital program, the company aims to enhance its resilience and unlock value for shareholders in the long run.

Dividend Stability and Growth Potential

TC Energy's unwavering dedication to dividend growth speaks volumes about its financial robustness and resilience. With a remarkable history of annual dividend hikes spanning over two decades, investors can count on TC Energy to provide reliable income streams and potentially seize future growth prospects. Presently, TRP stock boasts an appealing 7.4% dividend yield, rendering it a compelling choice for RRSP investors aiming for both income and capital appreciation within the TSX energy stock sector.

Fortis: Powering Ahead with Reliability

Fortis (TSX:FTS) stands out as a stalwart in the realm of regulated utilities, with a diversified portfolio of rate-regulated assets encompassing power generation, electric transmission, and natural gas distribution businesses. Despite recent market headwinds, Fortis remains resilient, driven by its commitment to operational excellence and long-term value creation.

Growth Initiatives and Revenue Outlook

Fortis's ambitious $25 billion capital program underscores its commitment to driving future growth and enhancing shareholder value. By leveraging debt financing and investing in strategic growth projects, the company aims to bolster its rate base and unlock new revenue streams over the coming years.

Dividend Reliability and Growth Prospects

Fortis's unwavering dedication to dividend growth is a hallmark of its financial stability and operational resilience. With a remarkable track record of dividend increases spanning over five decades, investors can rest assured that Fortis remains committed to delivering consistent income streams and driving shareholder value over the long term. At the current share price, FTS stock offers a compelling 4.4% dividend yield, positioning it as an attractive option for RRSP investors seeking reliable income and potential capital appreciation.

Seizing Opportunities for RRSP Investors

For RRSP investors seeking to fortify their portfolios with dividend-paying stocks, TC Energy and Fortis emerge as compelling options. Both companies offer attractive dividend yields coupled with the potential for long-term growth, making them valuable additions to a diversified retirement savings strategy.

Market Outlook and Future Prospects

While market volatility may persist in the short term, the underlying strength and resilience of TC Energy and Fortis bode well for their future prospects. As economic conditions evolve and strategic initiatives unfold, RRSP investors can remain confident in the income-generating potential and capital appreciation opportunities offered by these top TSX stocks.

Conclusion

In the pursuit of long-term financial security, RRSP investors have an opportunity to capitalize on discounted prices and attractive dividend yields offered by top TSX stocks. By strategically allocating their retirement savings into companies such as TC Energy and Fortis, investors can position themselves for steady income streams and potential capital appreciation over the years to come.

[trishastockmind]

Transforming $250 Monthly into $2,445 Yearly Dividend Income 

Saving money is a fundamental aspect of financial planning, whether it's for short-term goals, emergencies, or long-term wealth accumulation. However, simply stashing away funds in a savings account may not be enough to achieve financial security, especially considering the erosive effects of inflation over time. For individuals contemplating their future and aiming for a comfortable retirement, investing wisely is crucial. In this article, we'll explore the power of dividend investing and reinvestment as a strategy for building wealth and securing a prosperous retirement. 

The Power of Dividend Investing 

Dividend investing offers a compelling alternative to traditional savings accounts by providing regular income streams while also allowing for potential capital appreciation. Unlike relying solely on savings, where money may lose value over time due to inflation, dividend income can help investors stay ahead of rising costs. Many companies listed on stock exchanges, such as the Toronto Stock Exchange (TSX), offer dividends to their shareholders as a portion of their profits. 

The Case for Monthly Dividend Payments 

While dividends are typically paid out quarterly by many companies, there are also stocks that offer monthly dividend payments. This frequent payout schedule can be advantageous for investors, as it allows for more frequent reinvestment of dividends, thereby maximizing the compounding effect. One such example is Whitecap Resources (TSE: WCP), an energy stock that pays a lucrative monthly dividend, making it an attractive option for income-focused investors. 

Reaping the Benefits of Dividend Reinvestment 

One of the key advantages of dividend investing lies in the ability to reinvest dividends for compounded growth. Instead of pocketing dividend payments, investors can use them to purchase additional shares of the same company, thereby increasing their ownership stake. This process, known as dividend reinvestment, harnesses the power of compound interest to accelerate wealth accumulation over time. Some companies even offer dividend reinvestment plans (DRIPs) to automate this process for shareholders, making it a seamless and efficient way to grow investments. 

A Case Study 

Whitecap Resources operates in the TSX energy shares, with a solid track record of generating cash flows and sustaining dividend payments. Despite fluctuations in revenue and net income, the company has maintained its commitment to shareholders by increasing its dividend base. In 2023, Whitecap Resources even approved a significant increase in its dividend payout, reflecting management's confidence in the company's financial strength and future prospects. 

Harnessing the Power of Compounding 

Let's consider a hypothetical scenario where an investor saves $250 monthly over a period of 10 years and invests in Whitecap Resources shares. Assuming the dividend yield remains constant, the investor reinvests dividends monthly to purchase additional shares. By the end of the 10-year period, the investor's initial investment would have compounded to a larger sum, generating higher annual dividend income compared to the initial investment. 

Conclusion 

In conclusion, dividend investing and reinvestment offer a potent strategy for building wealth and securing a prosperous retirement. By harnessing the power of compounding and prioritizing monthly dividend-paying stocks like Whitecap Resources, investors can maximize their investment returns over time. With careful planning, prudent investment decisions, and a long-term perspective, individuals can achieve their financial goals and enjoy a comfortable retirement. 

[the-art-of-investing-in-stocks]

Top Restaurant Brands to Pick Today: TSX QSR

Investing in stocks can be a daunting task, especially when considering the myriad of options available. However, for those eyeing the Toronto Stock Exchange (TSX) for potential investments, Restaurant Brands International (TSX QSR) stands out as a compelling choice. Here's why Restaurant Brands could be the best TSX stock to buy right now.

Restaurant Brands International,(TSX QSR) the parent company of iconic fast-food chains such as Burger King, Tim Hortons, and Popeyes Louisiana Kitchen, has demonstrated resilience and adaptability in the face of various economic challenges. Despite fluctuations in consumer preferences and economic downturns, the company has maintained a strong position in the fast-food industry.

One of the key reasons why Restaurant Brands International warrants attention from investors is its diversified portfolio of well-established brands. Each of its brands caters to a distinct market segment, providing the company with a broad consumer base. This diversification not only helps mitigate risks associated with fluctuations in consumer preferences but also allows the company to capitalize on different trends and opportunities within the fast-food industry.

Also Read: Charlotte Church ‘couldn’t have been prouder’ of young carers’ choir performance

Moreover, Restaurant Brands International has been proactive in leveraging technology to enhance its operations and customer experience. The company has invested in digital initiatives, such as mobile ordering and delivery services, to cater to the growing demand for convenience among consumers. By embracing technology, Restaurant Brands has been able to stay ahead of competitors and adapt to changing consumer behaviors effectively.

In addition to its strategic initiatives, Restaurant Brands International boasts a strong financial performance, which further strengthens its investment appeal. The company has consistently delivered solid revenue growth and profitability, driven by its global expansion efforts and efficient cost management. This financial stability not only provides investors with confidence in the company's ability to generate returns but also indicates its resilience amidst economic uncertainties.

Furthermore, Restaurant Brands International has demonstrated a commitment to shareholder value through its capital allocation strategy. The company has returned capital to shareholders through dividends and share repurchases while also reinvesting in growth opportunities to drive long-term value creation. This balanced approach to capital allocation underscores management's focus on creating sustainable value for shareholders.

Looking ahead, Restaurant Brands International is well-positioned to capitalize on emerging trends in the fast-food industry, such as plant-based alternatives and healthier menu options. The company's strong brand recognition and operational expertise provide a solid foundation for capturing market opportunities and driving future growth.

In conclusion, Restaurant Brands International emerges as a compelling investment opportunity on the TSX due to its diversified portfolio, technological innovation, strong financial performance, and commitment to shareholder value. While no investment is without risks, the company's track record and strategic initiatives position it favorably for long-term success. For investors seeking exposure to the fast-food industry with growth potential, Restaurant Brands International could indeed be the best TSX stock to consider adding to their portfolios.

Also, check our news section

[desmoinesnewsdesk]

Stock Dividend Spin-Out with TSX Venture Listing plus 5 Million Cash Reserves and 2024 Exploration Season fully Funded for Lithium & Nickel Company Serving the Global EV Industry: EVKRF

http://dlvr.it/T3KWVq

[columbianewsupdates]

Stock Dividend Spin-Out with TSX Venture Listing plus 5 Million Cash Reserves and 2024 Exploration Season fully Funded for Lithium & Nickel Company Serving the Global EV Industry: EVKRF

http://dlvr.it/T3KPZB

[universalnewspoint]

Stock Dividend Spin-Out with TSX Venture Listing for Subsidiary of Lithium & Nickel Exploration Company Serving the Global EV Industry: Grid Battery Metals Inc. (Stock Symbol: EVKRF)

http://dlvr.it/T35dYf

[dailystockinsight]

Enbridge Dividend Forecast for this Year 

Enbridge (TSX: ENB) has solidified its position as a cornerstone investment in the portfolios of many Canadian dividend investors, thanks to its robust business model centered around oil and natural gas pipelines. These assets are underpinned by long-term contracts that provide stable cash flows, offering a buffer against the volatility often associated with energy prices. 

Understanding Enbridge’s Dividend Appeal 

One of the primary attractions of investing in Enbridge is its generous dividend yield, which stood at an impressive 7.37% as of June 2024, significantly higher than the TSX’s average. For income-focused investors, this yield presents an opportunity to secure substantial returns through regular dividend payments. 

Dividend Details and Growth History 

Enbridge has a strong track record of dividend growth, having increased its dividend for 29 consecutive years. In the first half of 2024, this TSX energy stock declared dividends of $0.915 per share for each of Q1 and Q2, continuing a trend of incremental increases. This represents a 3.1% increase compared to the dividends paid in Q4 2023. Over its history, Enbridge has consistently paid dividends for over 69 years, highlighting its commitment to returning value to shareholders. 

Key Dates for Dividend Payments 

To receive Enbridge’s upcoming Q3 dividend, investors must ensure they hold the stock before the ex-dividend date, which is scheduled for August 15, 2024. Under the T+1 settlement system, this date now coincides directly with the record date, simplifying the process for shareholders. The dividend payout is set for September 1, 2024, with funds typically appearing in investor accounts shortly thereafter, subject to brokerage processing times. 

Strategic Options for Dividend Utilization 

Investors have several choices regarding how to manage their Enbridge dividends based on their financial goals. For those seeking immediate income, especially retirees relying on investment portfolios, withdrawing dividends can provide a reliable income stream. This strategy is particularly advantageous if shares are held within a Tax-Free Savings Account (TFSA), offering tax-efficient income. 

Alternatively, investors focused on long-term growth can opt to reinvest dividends back into Enbridge stock. This approach leverages the power of compounding, allowing dividends to purchase additional shares and potentially enhance overall investment returns over time. Setting up a dividend reinvestment plan (DRIP) with a brokerage automates this process, enabling seamless reinvestment of dividends without incurring additional transaction costs. 

Enbridge stands out not only for its stability in generating steady cash flows through essential energy infrastructure but also for its attractive dividend yield and consistent dividend growth history. As economic conditions normalize and investor focus shifts towards reliable income sources, Enbridge remains a compelling choice for dividend investors seeking both income and growth potential. 

[conversationpoint]

Stock Dividend Spin-Out with TSX Venture Listing for Subsidiary of Lithium & Nickel Exploration Company Serving the Global EV Industry: Grid Battery Metals Inc. (Stock Symbol: EVKRF)

http://dlvr.it/T35bzg

[newsheadlinesnow]

Stock Dividend Spin-Out with TSX Venture Listing for Subsidiary of Lithium & Nickel Exploration Company Serving the Global EV Industry: Grid Battery Metals Inc. (Stock Symbol: EVKRF)

http://dlvr.it/T35bqx

[nuovaalta2]

Sandstorm Gold Ltd as of the shareholder record 2024-04-01 $SAND #SandstormGoldLtdasoftheshareholderrecord2024-04-01

VANCOUVER, BC, March 28, 2024 - Sandstorm Gold Ltd. (Sandstorm Gold Royalties, Sandstorm or the Company) (NYSE: SAND) (TSX: SSL) has recently declared its second quarterly cash dividend for 2024, amounting to C$0.02 per share. This decision was made by the Company*s Board of Directors, showing its commitment to returning value to shareholders. As of the writing of this article, investors and market participants anticipate the impact of this announcement on Sandstorm*s stock performance. 1. Sandstorm Gold Ltd.*s Dividend Declaration: Sandstorm Gold Ltd., a leading gold royalty company, has declared its second quarterly cash dividend for the year 2024. The dividend amounts to C$0.02 per share, reinforcing the company*s dedication to providing attractive returns to its shareholders. https://csimarket.com/stocks/SAND-Dividend-Comparisons.html?utm_source=dlvr.it&utm_medium=tumblr

[inveswithdavid]

Manulife vs. Sun Life: Which Stock Is Better?

Investors navigating the volatile terrain of the Toronto Stock Exchange (TSX) may find themselves drawn to the allure of Manulife Financial (TSX:MFC) and Sun Life Financial (TSX:SLF). These stalwarts in the insurance and investment management sectors have been subject to market fluctuations driven by factors such as interest rate dynamics, inflationary pressures, and global economic conditions. Amidst this backdrop, discerning investors seek clarity on which of these entities presents a more compelling investment proposition.

Unveiling Manulife Stock's Potential

Market analysis indicates that TSX:MFC (Manulife) stock currently offers an appealing value proposition, supported by a strong growth outlook and strategic initiatives positioned to fuel future expansion. The company's diversified operations encompass life insurance, annuities, and investment management, with a significant focus on key markets like the United States, Canada, and Asia.

Manulife's prudent risk management strategies have yielded stable earnings and cash flows, bolstering investor confidence in the company's resilience amidst market volatility. Moreover, strategic investments in high-growth segments, particularly in Asia and behavioral insurance, signal the company's forward-looking approach to value creation.

With a dividend yield of 5.57% and trading at a conservative 3.37 times earnings, Manulife stock presents an enticing opportunity for investors seeking exposure to a fundamentally sound company with significant growth potential.

Navigating the Landscape of Sun Life Stock

In contrast, Sun Life stock presents investors with a nuanced value proposition characterized by a balanced risk-return profile and strategic realignment initiatives. Like its counterpart, Sun Life operates in the life insurance and investment management sectors, with a strategic footprint across the U.S., Canada, and Asia.

Sun Life's investment in digital tools and synergies between asset management and insurance underscores its commitment to innovation and operational efficiency. Furthermore, the company's diversified revenue mix, comprising wealth and asset management, long-duration insurance, and group benefits, mitigates risk and enhances long-term sustainability.

Despite trading at a relatively higher multiple of 10.93 times earnings, Sun Life offers an attractive dividend yield of 4.55%, reflecting its commitment to shareholder returns amidst evolving market dynamics.

Deciphering the Investment Conundrum

While both Manulife and Sun Life present compelling investment opportunities, discerning investors must weigh the nuances of each company's business model, growth prospects, and valuation metrics. Manulife's undervalued stock and robust growth trajectory may appeal to investors seeking capital appreciation, while Sun Life's balanced risk profile and steady dividend income may resonate with those prioritizing stability.

In essence, the decision between Manulife and Sun Life hinges on individual investment objectives, risk tolerance, and portfolio diversification strategies. Nonetheless, both companies remain formidable players in the insurance and investment management sectors, offering investors a range of opportunities to capitalize on the evolving market landscape.

Conclusion

As investors navigate the complex terrain of the TSX, understanding the intricacies of companies like Manulife Financial and Sun Life Financial is paramount to making informed investment decisions. While Manulife's undervalued stock and growth prospects may entice some investors, Sun Life's balanced risk profile and dividend stability offer an alternative avenue for capital deployment.

Ultimately, the decision between Manulife and Sun Life hinges on individual investment objectives, risk tolerance, and portfolio diversification strategies. By conducting thorough research and analysis, investors can position themselves to capitalize on the strengths of these industry leaders and navigate the complexities of today's market environment.