The
S&P/TSX Composite Index has a plentiful array of great dividend stocks. Canadian investors love their predictable dividend income streams! Who can blame them? When GICs are earning a negative yield after inflation, who doesn’t enjoy tax-efficient monthly or quarterly dividend cheques?
Yet yields on the TSX are compressing. Global investors are starting to warm up to Canada’s cash-yielding energy, financial, materials, and real estate sectors. Many bond investors have no choice but to look to higher-yielding, risk-on equity assets.
As a result, I believe Canada’s top dividend stocks will continue to rise in value and their yields will compress. If you want to lock in some of the highest and safest dividends on the TSX today, here are three stocks that look attractive today.
4 Top Canadian Stocks to Buy Right Now With $500
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1 High-Growth Canadian Stock That s Taking Off | The Motley Fool Canada
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1 Contrarian Canadian Stock Under $5 That s on My Radar Right Now
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