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Dividend stocks remain attractive picks for investors looking to get through an uncertain market. Generally, dividend-paying companies are able to generate stable cash flows across business cycles, allowing the investor to derive a stable stream of recurring income. One such recession-proof dividend stock on the TSX is telecom giant
Telus is Canada’s second-largest telecom player. It recently reported its results for the first quarter of 2021, and it missed its EPS estimate of $0.28 by $0.01. However, that doesn’t take away anything from the stock, and it continues to be a solid dividend player as well as a great option for capital appreciation. Telus is also heavily focusing on the 5G expansion, and that is why it makes for a good buy.