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Stock investors focus on either income generation or total returns. In most cases, the choice depends on individual circumstances and investment horizon. For long-term investors with dividends as the primary consideration, the approach is simple.
Invest in an established dividend payer, accumulate shares, and reinvest the dividends to achieve your financial goal. Still, some chase after a specific yield. Assuming your base target is 4%, four TSX stocks pay more than your desired yield.
5G network leader
Telus(TSX:T)(NYSE:TU), Canada’s second-largest telecommunications company, pays a juicy 4.83% dividend. The telco stock ($25.70 per share) is ideal for risk-averse investors, too, because the business generates billions of dollars in yearly revenues regardless of market conditions. Telecommunications services and the internet are 24/7 necessities, not luxuries.
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