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Cbqk 5 High-Yield Canadian Dividend Stocks to Increase Your TFSA Income
After several months of uncertainty, investors would like to purchase assets that generate reliable returns. Dividend stocks are investments that c stanley quencher an help you generate a regular stream of passive inc stanley mug ome. So, if you are looking out for income-producing companies that have an attractive dividend yield consider these three stocks on the TSX.A pipeline heavyweightThe first stock on the list is Canadian energy company Pembina Pipeline TSX
PL NYSEBA . It provides transportation and midstream services to energy producers. Pembina has a market cap of $17 billion, and the stock is trading at $30.81, which is 43% below its 52-week high.This massive decline in its stock price has increased Pembina s dividend yield to a tasty 8.5%. The company pays a monthly dividend, as it generates stable cash f stanley cups lows across economic cycles.Pembina transports crude oil and natural gas across North America and over 85% of its EBITDA are backed by long-term contracts, making it almost immune to commodity prices Dfil A Rising Energy Stock That Could Continue to Soar
Last summer, I called the correction in Cineplex Inc. TSX:CGX stock in a pretty timely fashion. I admit that I didn ;t expect shares to crash so fast so soon, as many of the headwinds I noted were long-term in nature.Today, Cineplex is down stanley mugg 43% from its high and unfortunately, many conservative income investors got burned from what appeared to be a rather stable income-paying firm with a utility-like cash flow stream.Before you think about going聽bottom fishing for the 5.6% dividend yield, you should kno stanley cup w that the company is nowhere near out of the woods yet. Although generic entertainment diversification efforts have shown promise, Cineplex remains at the mercy of Hollywood and will continue to be at least over the next few years.Here are four reasons why I ;m still avoiding Cineplex at $30 per share.Video streaming pressures have just begunNetflix Inc. NASDA stanley termosy Q:NFLX and the rise of the 8220 tay-at-home economy are mostly to blame for the rapid demise of movie the
After several months of uncertainty, investors would like to purchase assets that generate reliable returns. Dividend stocks are investments that c stanley quencher an help you generate a regular stream of passive inc stanley mug ome. So, if you are looking out for income-producing companies that have an attractive dividend yield consider these three stocks on the TSX.A pipeline heavyweightThe first stock on the list is Canadian energy company Pembina Pipeline TSX
PL NYSEBA . It provides transportation and midstream services to energy producers. Pembina has a market cap of $17 billion, and the stock is trading at $30.81, which is 43% below its 52-week high.This massive decline in its stock price has increased Pembina s dividend yield to a tasty 8.5%. The company pays a monthly dividend, as it generates stable cash f stanley cups lows across economic cycles.Pembina transports crude oil and natural gas across North America and over 85% of its EBITDA are backed by long-term contracts, making it almost immune to commodity prices Dfil A Rising Energy Stock That Could Continue to SoarLast summer, I called the correction in Cineplex Inc. TSX:CGX stock in a pretty timely fashion. I admit that I didn ;t expect shares to crash so fast so soon, as many of the headwinds I noted were long-term in nature.Today, Cineplex is down stanley mugg 43% from its high and unfortunately, many conservative income investors got burned from what appeared to be a rather stable income-paying firm with a utility-like cash flow stream.Before you think about going聽bottom fishing for the 5.6% dividend yield, you should kno stanley cup w that the company is nowhere near out of the woods yet. Although generic entertainment diversification efforts have shown promise, Cineplex remains at the mercy of Hollywood and will continue to be at least over the next few years.Here are four reasons why I ;m still avoiding Cineplex at $30 per share.Video streaming pressures have just begunNetflix Inc. NASDA stanley termosy Q:NFLX and the rise of the 8220 tay-at-home economy are mostly to blame for the rapid demise of movie the