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Dividend stocks are a great way for investors to build a passive-income stream. While no dividend is ever going to be guaranteed over the long term, there are plenty of dependable Dividend Aristocrats trading on the
TSX.
The COVID-19 market crash drove up yields for many dividend stocks that saw a drop in share price. It was not uncommon to see a Canadian dividend stock yielding upwards of 5% in 2020.
The current bull run is beginning to drive yields back down to pre-COVID-19 levels. It’s not as easy to find a 5% yield today, but that doesn’t mean it’s difficult to find a top dividend stock for your portfolio.
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Brookfield Renewable Partners LP (BEP): Price Up $0.27 (0.67)% Over Past Day, Up $0.21 (0.52)% Over Past Hour
Get Ratings)’s price is up $0.21 (0.52%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as BEP has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
opportunity for rangebound traders.
BEP’s Technical Outlook on the Daily Chart
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Renewable energy stocks continue to deliver stellar returns, thanks to the growing adoption and rising demand. I see tremendous opportunity in renewable energy stocks, as secular industry trends, favourable policies, significant capital investments, and focus on decarbonization globally presents a solid underpinning for growth.
Besides stock price appreciation, renewable energy companies pay solid dividends, thanks to their ability to generate predictable cash flows. So, if you plan to buy top renewable energy stocks, consider investing in these three Canadian gems.
Brookfield Renewable Partners
Speaking of pure-play renewable energy stocks, consider buying the shares of
Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP). With over 19,000 megawatts of generating capacity and 23,000 megawatts development pipeline, Brookfield Renewable Partners owns diversified renewable energy assets. Further, the company generates resil
MIDDLEFIELD CANADIAN INCOME PCC
a cell of the Company
For the year ended 31 December 2020
55
59
60
67
68
Equity of the Fund
70
71
87
90
91
Middlefield Canadian Income Trust
Targeting high levels of stable income and capital growth, this Trust is primarily focused on Canada’s highest quality large cap businesses. This Trust is run by a private and independent asset manager located in Toronto, Canada and has delivered consistent and material income for UK investors for more than a decade.
Objective
The Fund seeks to provide shareholders with high levels of dividend income as well as capital growth over the long term.
Reasons to Buy
Unique