This 3.36% Dividend Stock Has Over 100% Upside From Today!
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Last year,
TSX dividend stocks took a serious hit with the February and March 2020 sell-off. Equity securities across the board seemed to fall off a cliff, regardless of fundamentals, as the pandemic-fueled sell-off frenzy ensued with the onset of COVID-19.
The swift market crash led to several high-quality dividend stocks trading at deeply discounted valuations and inflated dividend yields. A rapid recovery saw many opportunistic value investors rake in substantial profits.
Most indices in the equity markets are running at or near all-time highs right now. It may seem impossible to find high-quality dividend stocks that can still offer over a 100% upside from valuations today. However, there may be a dividend stock worth having on your radar that boasts a decent and sustainable dividend yield with the potential of massive upside.
Mon, 10 May 2021 | Written By: Alec Malloy
Alec Malloy is a content writer with over 7 years’ experience spanning a range of commercial sectors.
Thematic investing: renewable energy stocks
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The world is starting to invest in renewable energy. You can too. From wind energy stocks to utility firms, we take a look at some of the key clean power stocks that could perform well in the short and long term.
How you can invest in renewable energy
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Global governments have committed to slashing their carbon emissions. The UK and US are both gunning for net-zero CO2 emissions by 2050, while the EU has pledged to cut its own greenhouse gas output in half by 2030.
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Canadian investors: if you are entering May and are not sure how to position your portfolio, why not consider buying dividend stocks? Who doesn’t love consistent, steady cash in your pocket on a monthly or quarterly basis? In a world where bonds are earning investors a nearly negative real return, dividend stocks are especially important.
Not only can you lock in a steady-eddy income stream, but often there is potential for capital gains as well. Likewise, I love Canadian dividend stocks for the fact that they are great hedge against market volatility.
If you choose solid dividend-paying companies, you can generally expect your dividend cheques to arrive, regardless if the market is bullish or bearish. Consequently, you can expect to earn a steady return on your investment, so long as you think long term. Given this, here are three of the best Canadian dividend stocks I think you can buy today.
BEP“) today reported financial results for the three months ended March 31, 2021.
“We had a strong quarter, as we executed on our key priorities, including investing in growth, delivering on our corporate contracting initiatives and bolstering our liquidity,” said Connor Teskey, CEO of Brookfield Renewable. “The tailwinds for renewables are accelerating as governments and businesses around the world are intensifying their focus on decarbonization. Given our global scale, operational depth, and financial strength, we remain uniquely positioned to participate in the accelerating build out of renewables that will impact all sectors of the economy.”
Financial Results
For the three months ended