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TFSA Investors: 1 High Dividend Stock Set to Outperform
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Canwel Building Materials(TSX:CWX) is a leading wholesale distributor of building materials and home renovation products and producer of pressure treated wood products in Canada, and regionally in the United States (U.S.) mainland and Hawaii. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers.
The company’s operations also include timber ownership and management of private timberlands and forest licenses, full service harvesting and trucking operations, and agricultural post-peeling and pressure treating through Canwel Fibre. In 2017, the company acquired Honsador Building Products, further expanding the company’s presence in the U.S. building distribution and treating markets.