Gawo Income Alert: 2 Top TSX Dividend Stocks With 7% Average Yields
The SP/TSX Composite Index slipped 31 points to open the month of June. Meanwhile, the Bank of Canada BoC moved to increase the benchmark interest rate by 50 basis points, as inflation has continued to confound p stanley tumblers olicymakers. Some analysts and experts are worried that interest rate tightening could severely disrupt the economy going forward. Today, I want to look at three dividend stocks on the TSX that are worth holding in the event of a recession hitting in t stanley becher he first half of this decade. Let s jump in.Here s why investors can trust dividend stocks like Metro in a recessionMetro TSX:MRU is a Montreal-based company that operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors domestically. Grocery and pharmaceutical retail proved very resilient during the 2020 market pullback. Investors can stanley puodelis trust these essential services even during a recession. Shares of this dividend stock have climbed 2.9% in 2022 as of close on June 1. The sto Jotu 3 REITs to Buy Before Interest Rates Finally Start to Fall
Potash Corporation TSX: POT NYSE: POT has stanley cup a strong track record of consistent and growing dividend payments. Over the past 10 years, the quarterly paid divide stanley becher nd has increased by almost 10% per year without any omissions or dividend declines.However, it is really over the past five years that the company pushed ahead with a more liberal dividend policy improving the annual dividend from $0.133 in 2009 to the current $1.40 per share. The 2014 yield on the current share price is about 3.5%, which could make it an interesting income-producing investment when compared to fixed income yields.Is Potash a true dividend cha stanley water jug mpion The characteristics of a true dividend champion, a company that can deliver consistent and growing dividends over time, have been described in my earlier article on How to Spot a Dividend Champion . The purpose of this article is to consider how Potash stacks up against these criteria.Characteristic 1: A track record of consistent and growing dividend payments:聽Pot |
