In the final
Industry Focus: Energy episode of 2020, Nick Sciple and Motley Fool contributors Jason Hall, Matt DiLallo, and Lou Whiteman break down the year that was and look forward to what s coming in 2021. Topics include: trends that will change and stay the same in 2021, overlooked stories from 2020, favorite stock picks, and more!
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This video was recorded on December 18, 2020.
Nick Sciple: Welcome to
Industry Focus, I m Nick Sciple. It s our end of the year special here on the
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When it comes to investing in the stock market, dividend-paying companies should always remain on the radars of investors. Companies that pay dividends generally have a predictable and steady stream of cash flows. Investors can benefit from regular dividend income as well as capital appreciation over the long term.
We’ll look at three Canadian dividend stocks that you should buy for 2021.
Enbridge
Shares of Canada’s energy heavyweight
Enbridge (TSX:ENB)(NYSE:ENB) have underperformed the broader markets in the last year. Enbridge stock is still trading 25% below its 52-week high, as investors were wary about falling crude oil prices.
Brookfield Renewable Partners L.P. (“Brookfield Renewable”) (NYSE: BEP; TSX: BEP.UN) today announced that it has determined the fixed distribution rate on its
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The technology and renewable energy sectors didn’t let a global pandemic slow them down in 2020. Both sectors saw a surge in performance as investors are becoming increasingly bullish on the growth potential.
Of the two sectors, most investors would likely argue that technology had a better year than renewable energy. Canadians witnessed an impressive amount of tech stocks turn into multi-baggers in a span of less than a year.
It’s possible that the rise in tech last year caused significant changes to your portfolio’s sector allocation. After the strong bull run in 2020, tech stocks may now make up a larger percentage of your portfolio than you’d like. That’s definitely not the worst problem in the world to have, but nonetheless, it will likely still need to be addressed.