The
S&P/TSX Composite Index was up 100 points in early afternoon trading on May 6. Stocks have looked broadly overvalued since the start of the spring. Investors who are worried about future volatility may want to consider snatching up top dividend stocks. Today, I want to look at three of my favourites. Let’s jump in.
I’ve still got my eye on this top healthcare REIT
Late last year, I’d discussed how investors could generate passive income in their portfolio. Real estate investment trusts (REITs) are a very solid target for those on the hunt for dividends.
Northwest Healthcare REIT (TSX:NWH.UN) provides investors access to a portfolio of high-quality healthcare real estate. Its shares have climbed 5.9% in 2021 at the time of this writing. The dividend stock is up 38% year over year.
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Investors planning to build a portfolio that would help them get a solid passive income per month could consider buying top-quality dividend stocks listed on the
TSX Index. While several TSX stocks have been paying dividends for a long period, I am focusing on companies that have resilient cash flows. Further, these companies could continue to bolster their shareholders’ returns uninterruptedly.
Furthermore, these Dividend Aristocrats are trading under $100.
Enbridge
Enbridge(TSX:ENB)(NYSE:ENB) should be a part of your passive-income portfolio. Besides paying and increasing its dividends for a very long period, Enbridge stock offers a stellar yield of over 6.8%. The energy infrastructure company is paying dividends for 66 consecutive years. Furthermore, its annual dividends have grown by a CAGR of 10% for 26 years in a row.
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The Canadian equity markets have opened weak today, amid reports of Canada’s trade balance shifting to a deficit in March after reporting a trade surplus in the previous two months. Its trade deficit came in at $1.1 billion against analysts’ expectation of $700 million of trade surplus. Amid the rising volatility and low-interest environment, investors could buy high-quality dividend stocks to earn stable passive income and stabilize their portfolios. Meanwhile, here are four Canadian dividend stocks that are financially stable and pays dividends at healthier yields.
Enbridge
Enbridge (TSX:ENB)(NYSE:ENB) operates a highly regulated business, with around 95% of its adjusted EBITDA generated from regulated assets or long-term contracts, providing stability to its earnings and cash flows. These steady cash flows have allowed the company to raise its dividends for 26 straight years at a CAGR of 10%. For 2021, the company has declared
American Physician Partners Expansion Continues in Arizona: Company Selected as Emergency Medicine and Hospital Medicine Management Partner for Northwest Healthcare
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Officials with American Physician Partners (“APP”) are pleased to announce the company is continuing its expansion in Arizona, having been selected as the emergency medicine and hospital medicine management services partner for Northwest Healthcare based in Tucson, Ariz.
John Rutledge, President & CEO, American Physician Partners
“In our review of emergency medicine and hospitalist management partners, American Physician Partners best matched our mission to deliver safe and high quality patient care to the greater Tucson community,” said Cameron Lewis, Northwest Healthcare chief operating officer.
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In early February, I looked at ways Canadians could retire in comfort with just CPP and OAS payments. This period, before the COVID-19 pandemic, feels long ago. The pandemic has introduced some of the most radical social spending programs in our nation’s history. It has also accelerated the retirement plans for some Canadians. Instead of relying on CPP and OAS, retirees should look to income-producing stocks. Today, I want to look at three dividend stocks that can put money in your pocket in 2021. Let’s dive in.
Retirees can trust this utility stock
Earlier this month, I’d suggested that investors should keep their eyes on companies that showed resilience during the pandemic.