Who picked it: Sandy Pomeroy, portfolio manager of Neuberger Berman Equity Income Fund (NBHIX).We narrowed down the dividend investing universe to a few of their favorite names, those companies which combine compelling growth prospects with attractive price-to-earnings ratios and healthy yields. To help navigate this tricky but rewarding market niche, we talked to five top fund managers and analysts from investment firms such as Neuberger Berman, T. Many of these companies, which are in poor financial health, end up cutting their dividends, leaving buyers high and dry. These stocks offer seemingly generous payouts relative to their share prices-but only because their share prices have recently been beaten down by frustrated investors. One of the biggest is a so-called value trap. The Motley Fool has a disclosure policy.Of course, as with any investment strategy, there are some dividend pitfalls to avoid. The Motley Fool has no position in any of the stocks mentioned. Subscribe to Motley Fool Canada on YouTubeįool contributor Amy Legate-Wolfe has positions in Canadian Imperial Bank Of Commerce.
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Retirees: Here's How to Boost Your CPP Pension The 10 Stocks Every Canadian Should Own in 2023 And right now, they think there are 5 stocks that are better buys.
The online investing service they've run for nearly a decade, Motley Fool Stock Advisor Canada, is beating the TSX by 23 percentage points. Our market-beating analyst team just revealed what they believe are the 5 best stocks for investors to buy in May 2023. Should You Invest $1,000 In CIBC?īefore you consider CIBC, you'll want to hear this. The post 3 Canadian Dividend Stocks Offering High Yields and Reliable Income appeared first on The Motley Fool Canada. So, really, I would see this as a major deal, as shares are likely to surge back to pre-drop prices in the next few months. Shares of the stock now trade at 11.37 times earnings, with a dividend yield at 6.13%. There are less losses from exposure to other countries, with Canada not going through a bank crisis since 1840. In the case of CIBC stock, the Canadian focus actually works well for it. Further, there is an oligopoly in Canada that these banks enjoy. That’s likely because of provisions for loan losses. That’s at least what analysts have been saying, as the Canadian-focused bank continues to trade down 18% in the last year.īut the bank doesn’t seem worried, recently increasing its dividend yet again. And, if I’m totally honest, Canadian Imperial Bank of Commerce ( TSX:CM) may get worse before it gets better. CIBC stockįinally, the Big Six banks are certainly not doing well.
Now, investors can bring in this with their other dividend stocks with a dividend yield at 7.36% as of writing. However, since the beginning of 2023, investors seem to be back on board with shares up 12% in that time. Shares of TransAlta stock are down a whopping 27% in the last year, plunging before the new year as interest rates and costs only went up, leading to quarter after quarter of missed earnings. It offers a diversified range of energy production, from wind and hydro to renewable gas in the United States and Australia. Renewable energy is certainly the future, but what about the present? That’s why among Canadian dividend stocks I like TransAlta Renewables ( TSX:RNW). Currently, the stock holds a 9.29% dividend yield. So, its diversified collection of grocery chains allows for long-term income and lease agreements for investors to consider. Here in Canada, there is simply no competition for Slate stock to edge in on. These lease agreements are also long for the most part - about five to 10 years on average. This is because the company invests in grocery chains and is linked to large and small brands across the United States. Slate stock instead is one of the dividend stocks in the real estate industry that offers solid dividend payouts. Now, inflation and interest rates seem to be the reason investors are concerned with the stock. Slate stock currently has shares down 17% year to date, trading at 6.56 times earnings as of writing. Slate Grocery REIT ( TSX:SGR.UN) continues to be a solid choice for investors seeking high dividends and passive income. Each has a high dividend yield to consider as well along with a solid path for growth. That’s why today, I’m looking at three dividend stocks that have proven their worth.
If you’re going to make an investment right based in large part on a dividend, you’d better be sure that dividend will continue to pay out - especially over the long term. There are actually a fair amount of Canadian dividend stocks offering high yields right now. Written by Amy Legate-Wolfe at The Motley Fool Canada
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