Previous Close | 15.70 |
Open | 15.73 |
Bid | 15.81 x 0 |
Ask | 15.82 x 0 |
Day's Range | 15.62 - 15.90 |
52 Week Range | 11.09 - 16.32 |
Volume | |
Avg. Volume | 1,101,392 |
Market Cap | 3.089B |
Beta (5Y Monthly) | 1.75 |
PE Ratio (TTM) | 10.19 |
EPS (TTM) | 1.55 |
Earnings Date | Nov 12, 2024 |
Forward Dividend & Yield | 1.32 (8.35%) |
Ex-Dividend Date | Sept 27, 2024 |
1y Target Est | 17.90 |
As the Canadian market rides a wave of optimism, buoyed by recent rate cuts from the U.S. Federal Reserve and enthusiasm around AI, the TSX has reached all-time highs, reflecting strong performance even amidst looming election uncertainties in the U.S. This backdrop provides an opportune moment to explore dividend stocks on the TSX that offer attractive yields, as they can provide steady income and potential growth in a market focused on economic expansion and rising corporate earnings.
As the TSX reaches new all-time highs, buoyed by optimism from recent U.S. Fed rate cuts and a robust economic outlook, investors are increasingly looking at dividend stocks as a reliable source of income amid market uncertainties. In this favorable environment, selecting well-established companies with strong earnings growth and consistent dividend payouts becomes crucial for building a resilient investment portfolio.
The Canadian market has stayed flat over the past 7 days but is up 19% over the past year, with earnings expected to grow by 15% per annum in the coming years. In this environment, dividend stocks that offer substantial yields can be an attractive option for investors seeking steady income and potential growth.