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At a time when interest rates are well below 2%, it makes sense for income investors to buy and hold blue-chip, dividend-paying stocks. Investors can generate a steady stream of dividend income as well as benefit from long-term capital gains.
With this in mind, we can take a look at three dividend stocks that should derive outsized gains for investors.
Enbridge
The first stock on the list is Canada’s energy giant
Enbridge (TSX:ENB)(NYSE:ENB). It’s almost impossible to ignore Enbridge when you speak about dividend-paying companies. ENB has increased its dividends at an annual rate of 10% since 1995. Its contract-based business model and diversified portfolio of cash-generating assets allow the company to derive a steady stream of cash flows across economic cycles.
Editor s note: This story accompanies a larger story on the planned hydrogen production plant in Lancaster County. For the full story, click here.
Hydrogen could soon be extracted from water in Lancaster County for use as carbon-free fuel, according to recently announced plans for a new production facility to be located in Martic Township.
Specifically, the green hydrogen production plant is proposed for land near the intersection of Old Holtwood and New Village roads, said Brent Koski, vice president of hydrogen energy at Plug Power, a New York-based fuel cell company.
The site is just east of the Susquehanna River, as well as the Holtwood Hydroelectric Dam, which is expected to provide renewable energy to power plant operations.
These are two of the best long-term Canadian stocks to buy in April. Investors will benefit from growth, passive income, and broad geographic exposure.
The
S&P/TSX Composite continues to blow past all-time highs. Canadian stocks look to be on the way for a strong 2021. In fact, analysts believe we could be at the beginning of another Roaring ’20s! That being said, now is the time to find long-term stocks that can continue delivering strong returns now and in the future. So, if you’re looking for a value price from Canadian stocks, here are three under-$60-per-share stocks to consider in April.
A solid rebound: Open Text
Open Text (TSX:OTEX)(NASDAQ:OTEX) has a long, solid history in the tech industry. The company has been around since the 1990s, and is one of the few dot-com bubbles to not burst. The last year for investors has been insane, with shares climbing in the tech industry, then sinking, before climbing back to near all-time highs. But this company has the fundamentals to make it the perfect long-term hold.