Fast-Rising High Dividend Stocks to Generate Income While the Market Slows Down
Dividend stocks are companies that pay out a portion of their revenues to stakeholders. They make for a great income investment and if done right, can become an integral part of your revenue streams. For dividend investors, it is a good strategy to DRIP, where dividend payments are reinvested to purchase more shares in the company. This is a good strategy for the “set it and forget it” investment style.
Furthermore, in times of economic slowdown, dividend stocks are a boon in your portfolio. These companies will pay you to wait it out. Dividend stocks are seen as income generators combined with capital gains.
🛢 Basic Materials
Canadian Stocks
Methanex Corp (MX-T)
A methanol producer and distributor. Energy commodity prices have come down and general global economic growth is stalling. The dividend is considered safe by analysts and the stock has become cheaper. They are a global leader with operations across the globe. They pay a dividend of 3.3%
Opinion about MX.TO: Likes it. He just took profits. Natural gas is driving shares, and nat gas prices are down now, so MX shares are up. It's a…
Stockchase ⚡ Energy
Canadian Stocks
Canadian Natural Rsrcs (CNQ-T)
A Canadian oil and gas exploration and production company. They are generating a lot of free cash flow and is managed well. They do not have a debt problem. CNQ also has an impressive history of 17 years of dividend growth. The dividend is at 4.19%
Opinion about CNQ.TO: Stockchase Research Editor: Michael O'Reilly As members of the US Administration expect a continuation of high energy prices…
Stockchase Suncor Energy Inc (SU-T)
An integrated energy company based in Canada. Suncor is considered a good way to dip your toe in the energy sector since they are so big and should do alright. They pay a dividend yield of 4%
Opinion about SU.TO: Up 134%. Hold? Sell? Definitely continue to hold. Still sees quite a bit of upside. Has done quite well this year, after having…
Stockchase Enbridge (ENB-T)
An energy transportation company that is looking to complete Line 3 by 2020. This is considered a good income play but not a share appreciation name. The dividend is safe at 6.5%
Opinion about ENB.TO: The dividend is over 6% and earnings will grow at about 5%. This combines to make a rate of return at 11% which is pretty…
Stockchase 🏛 Financials
Canadian Stocks
Canadian Imperial Bank of Commerce (CM-T)
One of the Big Five banks in Canada. Some analysts consider this bank to be particularly under valued. They pay a dividend of 5.4%
Opinion about CM.TO: The chart shows a V-shaped recovery since April's tariff worries. In Canada, interest rates have been cut aggressively, so the…
Stockchase Bank of Nova Scotia (BNS-T)
The third largest bank in Canada. They are one of the most global Canadian banks with operations particularly in Latin America. They have been the lagger of the Canadian banks and offer good value right now. The dividend yield is 5%.
Opinion about BNS.TO: If you own it, keep it; it'll be fine for the long term. Reported this week; lower-quality beat because it was on the backs of…
Stockchase 🛍 Consumer
Canadian Stocks
Magna Int’l. (A) (MG-T)
A global automotive supplier. They were hit hard due to reduced guidance, slow-down in Europe. They also made an acquisition that many think they paid too much for. They are investing in autonomous technology and may be planning to buy back shares.
Opinion about MG.TO: 88-year old investor -- sell, and buy a bank instead? Not an unreasonable time to sell, given the economic sensitivity of the…
Stockchase US Stocks
Colgate Palmolive (CL-N)
An American consumer products company. Analysts are pessimistic about this as they were negatively impacted by rising interest rates. Before, it was considered a bond proxy. However, in the long term it is considered a safe investment. The yield is 2.47%
Opinion about CL: It is a company that makes things you need to buy. Compared to UL-N they have been held back. People have been wanting to stick to…
Stockchase Genuine Parts Company (GPC-N)
A service organization for automotive parts and other replacement materials. They are the biggest auto parts manufacturer in North America. In slower economic times, people tend to repair cars more. They have a good history of increasing dividends annually. A dividend yield of 2.96%.
Opinion about GPC: Gets almost all earnings from the US as well as some from Canada. The largest auto parts wholesale distributor. New car sales are…
Stockchase Hormel Foods Corp (HRL-N)
A well managed food company. They have been struggling with growing earnings and protein prices due to livestock epidemics. They raise dividends annually and it is currently at 2%.
Opinion about HRL: OK at these levels, but he would just do a half position now if he were getting into it. Growth is starting to slow a little on…
Stockchase Coca-Cola Company (KO-N)
The famous beverage company that everyone knows. They are diversifying away from their main activity to include energy drinks and coffee. There is still a lot of room to grow. They pay a dividend of 3.44%.
Opinion about KO: The Coca-Cola Company is an American multinational corporation founded in 1892, best known as the producer of Coca-Cola. The drink…
Stockchase Lowes Companies Inc. (LOW-N)
A home improvement store. The company has profited from the DIY movement. They recently brought in new management as the company has underperformed. They pay a dividend of 1.99%.
Opinion about LOW: Reports tomorrow. Shares up only 3% this year. Home Depot's report gives him hope here. Unlike HD, Lowes relies more on DIYers in…
Stockchase Procter & Gamble (PG-N)
A multinational consumer goods company that was trading at a discount until a bump up recently. It is in a slow growth space and growth is expected to be around 10%. They pay a dividend of 2.7%.
Opinion about PG: It reports Wednesday. He fears they might struggle with the strong USD in China Expert opinions on Procter & Gamble (PG) — buy,…
Stockchase 🚚 Industrials
Canadian Stocks
Exco Technologies (XTC-T)
A Canadian multinational developer and manufacturer for automobiles and equipment. They have a good history of buying back shares and increasing dividends. A well run company with good capital allocations. They pay a dividend of 4.48%.
Opinion about XTC.TO: (A Top Pick Feb 4/15. Down 0.4%.) Auto parts manufacturer in cast-iron. The backdrop is not great as people are looking for a…
Stockchase Toromont Industries (TIH-T)
They surprised investors with a dividend increase of 21% in the last quarter. One of the biggest Caterpillar distributors in the world with focus in Ontario. They do well in tandem with construction and mining. They pay a dividend yield of 1.8%.
Opinion about TIH.TO: Eastern Canada Caterpillar dealer.Very strong company.Used to own shares in company.Valuation full at the moment.Wait for…
Stockchase US Stocks
Emerson Electric (EMR-N)
An industry company that has pulled back due to concerns over the trade war and their exposure to oil. It is well managed. The dividend payout is 3.1%
Opinion about EMR: He likes it and holds it here. Since June this cyclical wave came in and cheaper stocks benefited from a growth economy and did…
Stockchase 3M Co. (MMM-N)
An industrial company across many sectors including consumer, industrials and materials. They bought back stocks last year but added debt. They have significant international operations who’s profitability is hurt by a strengthening US dollar. Their dividend yield is 3.4%
Opinion about MMM: The new CEO is doing what he must and has a good track record from L3Harris. Expert opinions on 3M Co. (MMM) — buy, sell, or hold…
Stockchase Parker Hannifin Corp (PH-N)
A specialist in motion and control technology. A good long term play as they have a good history of generating ROI for a long time. They are a key part of the industrial economy in a relative oligopolistic environment. They pay a 2.1% dividend.
Opinion about PH: It is probably poised to do well with the industrials as a whole. It is not a bad buy for the long term.
Stockchase 👨⚕️ Healthcare
US Stocks
Johnson & Johnson (JNJ-N)
A multinational medical, pharmaceutical and consumer goods company. They are currently facing a lawsuit over talcum powder. They have good demographic support and analysts expect dividends to continue to grow. They pay a dividend of 2.72%.
Opinion about JNJ: It reports Tuesday when we should get a legal update about those suing JNJ for cancer allegedly being in their talcum powder. It's…
Stockchase 💡 Utilities
Canada Stocks
Altagas Ltd (ALA-T)
An energy infrastructure company. A good place to keep your money for dividends and a quality utility name. They have settled down after their takeover although there may be other outcomes that are yet to be seen. They pay a 5% dividend.
Opinion about ALA.TO: (A Top Pick Feb 07/25, Up 19%) (Note the short timeframe.) Plays right into the gas theme. Exciting part is the Washington Gas…
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