The
TSX stocks can form your top-notch dividend portfolio. All three boast solid business fundamentals and possess the ability to sustain dividend payments for years. Likewise, they all offer capital protection and potential capital gains in the economic recovery phase.
Defensive holding
Utility stocks are defensive assets. Emera is among the solid choices because of its rock-solid dividends regardless of the economic environment. The $14.36 billion diversified energy and services company serves residential, commercial, and industrial customers in North America.
Emera’s portfolio consists of electric and natural gas utilities, natural gas pipelines that are predominantly regulated. With its strong regulated asset base, dividend payouts are sustainable. If you were to invest today, the share price would be $56.61. The dividend yield is 4.5%, although management targets a 4% to 5% annual dividend growth by 2022.
Luis Miguel: ¿Qué ocurrió con Sergio Basteri, hermano menor de El Sol ?
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Metro posts 5 1% sales gain for second quarter
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It s some heavy lifting for sure. We re going to manage through it.
In February, Metro started ramping up operations in its new semi-automated produce distribution centre in Toronto, he said.
A new fully-automated distribution centre for frozen foods is in the final stage of construction and will be commissioned over the coming months with a planned opening in January 2022, La Fleche said. It is always challenging to start a new distribution centre even more so during a pandemic, he said. But our team is doing a good job to manage the expected transition costs.
The Montreal-based company, which includes the Metro grocery store chain and Jean Coutu drugstores, is also planning to add more self-checkout kiosks this year.