Whether you are retired, near retirement, or just tired of working, dividend stocks can help supplement or even replace your employment income. In fact, many Canadian investors have slowly and steadily built dividend-producing portfolios that far exceed their regular income. If you are looking for a place to start, here are three stocks that provide…
You know the saying “steady as a rail”? Well, there’s a reason that saying exists, of course. A train isn’t going to go off the tracks unless there’s a real catastrophe. Yet that doesn’t only apply to the physical trains themselves, but also to the companies themselves. That’s why these tend to make the best…
When evaluating whether a stock — or in this case, a real estate investment trust (REIT) — is potentially worth owning, one of the simplest approaches is to compare its performance to a benchmark. For investors focused on either long-term growth or consistent income, Dream Industrial REIT (TSX:DIR.UN) seems to be a decent idea on…
The federal government introduced the Tax-Free Savings Account (TFSA) in 2009 to reinforce the Registered Retirement Savings Plan (RRSP). However, unlike the RRSP, Canadians of all income levels, or even those without proof of income, can open a TFSA. The after-tax dollar contributions are not tax-deductible, although investment income, capital gains, and interest earned within…
If you’re aiming to turn a $20,000 investment into a source of steady monthly income, dividend-paying stocks can be a solid option. My strategy is to focus on fundamentally strong companies that distribute reliable dividends each month and have high but sustainable yields. This helps create a regular cash flow that can either be reinvested…
Central banks in the U.S. and Canada have been busy in recent months, enacting cuts in key interest rates as inflation levels cool to target levels. The Bank of Canada has been more dovish about the cuts compared to the U.S. Federal Reserve amid trade tensions. However, it is clear that the Bank of Canada…
The TSX has me worried. I know, when we look at recent performance, one might wonder why on earth that might be. After all, it has recently hit all-time highs! Yet that’s exactly why I’m worried. At these heights, investors start to get antsy and want to take their earnings. And in an economy that’s…
Canadian savers are searching for top TSX dividend stocks to add to their self-directed Registered Retirement Savings Plan (RRSP) portfolios. With the market near record levels, it makes sense to consider stocks with long histories of delivering dividend growth through full economic cycles. Fortis Fortis (TSX:FTS) is a Canadian utility company with operations in Canada,…
Back in January, I covered BCE Inc. (TSX:BCE) and flagged its sky-high dividend that wasn’t covered by distributable cash flow. At the time, the stock was yielding close to 12%, and I remember thinking, “Whoever buys this right now is a sucker. It’s going to be cut.” Sure enough, in May, BCE slashed the quarterly…
You might have heard about Brookfield Corp. (TSX:BN) from a friend’s stock tip or seen it pop up in online debates, especially with former Bank of Canada governor and now Prime Minister Mark Carney having been involved with the firm. But if you go on your brokerage app and type in “Brookfield,” you’ll quickly notice…