10-01-2024, 09:24 AM
Gwch 3 Dividend Stocks to Buy and Never, Ever Sell
Dividend investors have an opportunity to get high yields from some of Canada tops stocks for passive income.Algonquin Power stanley cup Algonquin Power TSX:AQN NYSE:AQN just reported solid Q3 2021 results, yet the stock trades near its 2021 low and now offers a 4.95% dividend yield.The company generated a 40% increase in revenue in the quarter compared to the same period last year. Adjusted net earnings rose 11% to US$97.6 million and were unchanged on a per-share basis at US$0.15.The recent drop in the share price is connected to Algonquin Power new US$2.846 stanley cup billion deal to buy Kentucky Power. Algonquin Power raised $800 million through a bought-deal stock sale at $18.15 per share. The source of the rest of the funding is still unknown, and that might be why the market is nervous.At the time of writing, the stock trades near $17.50 per share, so the banks are underwater on the bought-deal sale right now. The shares traded f stanley website or close to $22.50 earlier this year.Management says th Ilro 2 Top Growth Stocks to Hold for the Next 50 Years
Dividend yields add to total returns. However, when yields get up to 7% or higher, the market is second-guessing their sustainability.TORC Oil and Gas TSX:TOG currently offers a yield of 7.5%. Can you trust the oil and gas producer to maintain its dividend water bottle stanley Perhaps dividend safety isn t what you should be aiming for.Business ov stanley cup erviewTORC estimates average production of 28,300 barrels of oil equivalent per day for this year. Its production mix is about 88% light oil and liquids and 12% natural gas.The Canada Pension Plan Investment Board CPPIB has a big stake of about 28% in the company.Is TORC s +7% yield sustainable The company prioritizes its cash flow as follows. First, it maintains a strong balance sheet by keeping its debt levels in check. Second, it ensures it sustains its asset base in an efficient manner. Third, it grows its production. Its dividend is at the bottom of its priority list.In stanley mug the past, TORC cut its dividend when the operating environment got too tough. However
Dividend investors have an opportunity to get high yields from some of Canada tops stocks for passive income.Algonquin Power stanley cup Algonquin Power TSX:AQN NYSE:AQN just reported solid Q3 2021 results, yet the stock trades near its 2021 low and now offers a 4.95% dividend yield.The company generated a 40% increase in revenue in the quarter compared to the same period last year. Adjusted net earnings rose 11% to US$97.6 million and were unchanged on a per-share basis at US$0.15.The recent drop in the share price is connected to Algonquin Power new US$2.846 stanley cup billion deal to buy Kentucky Power. Algonquin Power raised $800 million through a bought-deal stock sale at $18.15 per share. The source of the rest of the funding is still unknown, and that might be why the market is nervous.At the time of writing, the stock trades near $17.50 per share, so the banks are underwater on the bought-deal sale right now. The shares traded f stanley website or close to $22.50 earlier this year.Management says th Ilro 2 Top Growth Stocks to Hold for the Next 50 Years
Dividend yields add to total returns. However, when yields get up to 7% or higher, the market is second-guessing their sustainability.TORC Oil and Gas TSX:TOG currently offers a yield of 7.5%. Can you trust the oil and gas producer to maintain its dividend water bottle stanley Perhaps dividend safety isn t what you should be aiming for.Business ov stanley cup erviewTORC estimates average production of 28,300 barrels of oil equivalent per day for this year. Its production mix is about 88% light oil and liquids and 12% natural gas.The Canada Pension Plan Investment Board CPPIB has a big stake of about 28% in the company.Is TORC s +7% yield sustainable The company prioritizes its cash flow as follows. First, it maintains a strong balance sheet by keeping its debt levels in check. Second, it ensures it sustains its asset base in an efficient manner. Third, it grows its production. Its dividend is at the bottom of its priority list.In stanley mug the past, TORC cut its dividend when the operating environment got too tough. However