WilliamMLeighty634 blog

It might not seem like it now, but 2023 is likely to end with a bull market. We’re still waiting on a recession, I know. But once we reach that bottom, it’s going to be up from there. That’s why now is a great time to get in on these top dividend stocks, before they explode. PRO REIT PRO REIT (TSX:PRV.UN) is a solid choice among dividend stocks for several reasons. First, there’s the payout ratio, which currently sits at 31.5%. Then, there’s the ultra-high dividend yield, at 8.06% as of writing. And it remains cheap, trading at 3.9 times earnings, and down 23% in the last year alone. PRO REIT focuses on creating a diversified portfolio of commercial properties across Canada. And while other REITs might be struggling during earnings, PRO REIT has managed to do well. The REIT reported that its total assets passed the $1 billion mark, up 4.6% year over year. Property revenue was up 9.3% as well compared to the year-ago quarter, and 25.2% for the full year compared to 2021. Finally...

A recession isn’t even here yet, but investors have been acting like we’ve been in one for the last year. It’s clear why, with inflation and interest rates rising higher, only stabilizing pretty recently. Because of this, there has been a need to cut back on consumer goods. And that’s left some Canadian stocks struggling. Yet before the year is out, we could certainly see some of these stocks start to recover. And if there are two I would choose first, I would look to Magna International (TSX:MG) and Spin Master (TSX:TOY). Magna stock It’s been a rough couple of years for Magna stock. The company continues to struggle with supply-chain disruptions that were brought on during the pandemic. Yet those disruptions continue to wage war on Magna stock and its backlog. The company is one of the Canadian stocks that produces car parts. This includes everything from the body to electronic systems. Yet it’s this latter part that’s given investors so much excitement over the last few ye...

The latest market correction gives Canadian savers another opportunity to buy great TSX dividend stocks at discounted prices for their self-directed Registered Retirement Savings Plan (RRSP) portfolios. Buying stocks during a downturn takes courage, but a contrarian strategy can boost RRSP returns in the long run. Bank of Montreal Bank of Montreal (TSX:BMO) has paid investors a dividend every year for nearly two centuries. That’s an amazing track record that is expected to continue. The long history of reliability also shows that Bank of Montreal can ride out challenging economic times. The stock currently trades for close to $121 per share compared to the 12-month high around $140 we saw last spring. Bank stocks are down due to rising recession fears and the recent failures of some regional banks in the United States. Bank of Montreal actually completed its US$16.3 billion acquisition of California-based Bank of the West earlier this year right before the meltdown of another...

Every month, the stock market tells a different story, from bullish January to bearish March. What surprises does May 2023 behold? You can protect your portfolio from these monthly stock market surprises by investing in stocks with fixed monthly payouts.  Which dividend stocks have monthly payouts?  Real estate investment trusts (REITs) give monthly payouts as they transfer a significant portion of their rental income as distributions. You can be sure of the payouts as a trust, by definition, distributes its income to shareholders. In return, the trust enjoys special tax treatment.  But even REITs have risks of distribution cuts if their rental income falls and expenses increase. Put yourself in the landlord’s shoes and think about the risk that could affect a REIT’s income.  Vacant property (occupancy rate) Falling property prices (fair market value of investment)Rising mortgage payments (interest rate expense) These three factors can reduce REIT’s cash flows. If they maint...

Canadian pensioners are searching for top TSX dividend stocks to add to their self-directed Tax-Free Savings Account (TFSA) portfolios focused on generating steady and growing passive income. The Bank of Canada’s steep rate hikes designed to reduce inflation by cooling off the economy could trigger a recession in 2023 or 2024. As such, it makes sense to put new money to work in dividend stocks that should hold up well during an economic downturn. BCE BCE (TSX:BCE) is a giant in the Canadian communications sector with a current market capitalization of close to $59 billion. The stock gave up some gains over the past 12 months, falling from the 2022 high around $74 to $57 last fall. Since then, the trend has been a bit choppy, but the stock is clawing its way back. Bargain hunters might be sensing that the Bank of Canada is done raising interest rates. This should put a ceiling on the negative impact on BCE’s borrowing costs. The company uses debt to fund a portion of the capital...

With the market rally running out of steam once again, and a recession likely up ahead, there’s a feeling of unease. Making things worse, the recent banking troubles south of the border have really made for a choppy environment. Though the bank runs and failures may not yet be over with, I think things aren’t as bad as they seem. Looking ahead, the U.S. Federal Reserve may finally have a reason to pause or pivot. Of course, they’ll be data driven, as they always are. However, it’s worth noting that banking woes and relatively resilient corporate earnings could help keep markets holding steady. Indeed, one should never rule out the possibility of a market correction. That said, don’t expect the next recession to accompany a sharp selloff that brings us back to the lows seen in October of 2022. Some recession-induced damage is already factored in here. We have been hit with a year-long bear market in the United States, after all. In this piece, we’ll give one top tech stock a sec...

There are certainly a lot of Canadian stocks out there trading on the cheap. But not all of them are cheap when you actually consider the share price. And when it comes down to it, you likely only have so much cash set aside ready to invest. Since you may not want to create a small stake in a stock that costs somewhere in the triple digits, it can be far more tempting to buy companies that are super cheap in terms of share price. However, you definitely have to be careful here. While it can be just as tempting to buy a large stake in a company because it’s cheap, you need to choose the right stocks. Today, I’m going to be looking at Canadian stocks WELL Health Technologies (TSX:WELL) and StorageVault Canada (TSX:SVI). WELL Health stock WELL Health stock is an excellent choice for those looking for a superb deal. The share price was driven up during the pandemic for two reasons. First, of course, is because it’s a healthcare stock related to virtual healthcare and digitization...

Will Canadian stocks stage a bull run with inflation cooling and the Bank of Canada holding interest rates steady? Given these latest developments, it seems logical to assume that a rebound is on the on the horizon. As of this writing, only energy from the 11 primary sectors is in negative territory. Investors can prepare and pick bargain stocks from different sectors before the bulls charge soon. Four underperforming names could deliver considerable gains if the bull market materializes in 2023. Technology Technology is the top-performing sector thus far this year, although some growth-oriented companies remain in the red. At $10.32 per share (-23.02% year to date), Absolute Software (TSX:ABST) trades at a deep discount. Market analysts are bullish, so buy this tech stock on weakness. The 12-month average price target is $18.76, or a return potential of 73%. Absolute Software is a rare gem considering it also pays a decent 2.95% dividend. This $579.9 million company provides...

The market correction is giving seniors and other investors seeking passive income a chance to get high dividend yields from some top Canadian stocks. One popular strategy involves buying TSX dividend stocks inside a self-directed Tax-Free savings Account (TFSA). Bank of Nova Scotia Bank of Nova Scotia (TSX:BNS) has a market capitalization of about $80 billion. This makes it the fourth-largest bank in Canada based on that metric. At the time of writing, Bank of Nova Scotia trades near $67.50 per share compared to $74 in February and $86 in June last year. The stock hasn’t performed well in recent years, but contrarian investors might want to take advantage of the slump to pick up a great yield from a solid dividend stock. At the current price, BNS stock offers a yield of 6%. The board hired a new chief executive officer (CEO) this year, and changes are already underway. The company announced a new boss for the international business, and management will go through a strategic...

Tech stocks have had a hard time over the last year or so, with many falling to 52-week lows, if not lower. However, there is one company that is on the upswing, and that’s Kinaxis (TSX:KXS). Kinaxis stock is up 21% in the last year, and 16% year to date. Yet, the big question is whether or not this growth will continue. So, is Kinaxis stock a buy in April, 2023? Why Kinaxis stock? There are several companies actually doing well in 2023, even some tech stocks. So why Kinaxis stock? Let’s first dive into that question by looking at what Kinaxis stock does. The supply-chain management company offers its software through a subscription. This subscription is typically used by large and even multinational companies around the world. Some of the biggest names include FordCisco, and Qualcomm, among others. Furthermore, contracts run multiple years, with no customer adding more than 5% to revenue. This diversification has proven beneficial, as Kinaxis could face significant risk by p...

Being rich is a choice. How you choose to use your money determines how much you earn and when you retire. Which account you use to invest in which stock can determine how much benefit you can reap from your investments. Fortunately, the Canada Revenue Agency (CRA) allows you to grow your investments and withdraw tax-free through the Tax-Free Savings Account (TFSA).  How to use TFSA to its fullest potential  While you are in your mid-30s to early 40s, you can use a TFSA to invest in growth stocks that can give you double-digit average annual returns in 10 to 15 years. Once you build your portfolio value, you can gradually start booking profits on growth stocks. Quite simply, invest some investment profits in high-dividend stocks and accumulate a sizeable number of income-paying shares.  For instance, Mary invested $20,000 in January 2015 to buy 1,129 shares of a resilient growth stock Descartes Systems at $17.71/share. The value of her 1,129 shares is $121,254 today. Mary...

The asset management plays, like Brookfield Asset Management (TSX:BAM) and Brookfield Corp. (TSX:BN) stocks, have been under quite a bit of pain of late, thanks in part to the rapid rise in interest rates. Undoubtedly, higher rates hurt many firms within and outside the financial sector. With the Bank of Canada hitting the pause button (at least for the time being), there’s hope that the rate-induced headwinds facing all firms will peak. And in due time, the hope is that inflation will plunge, allowing central banks to pursue rate cuts. It’s too early to tell where rates go from here. Some think a few more hikes are necessary to continue to drive inflation lower. Others think that the rise of artificial intelligence (AI) and regional banking pressures may be enough to help central banks’ fight against inflation without further sizeable rate increases. It’s hard to tell. In any case, I don’t think investors should be looking to predict what the Bank of Canada will do. Timing monet...

Dividend stocks should be a welcome addition to any portfolio. For younger investors, it could balance out a portfolio that’s likely very growth oriented, and thus potentially very volatile. For older investors, more dividend stocks could help stabilize dividend growth and distributions. In any case, I believe adding these three exceptional dividend stocks could be a good move for anyone reading this article. Start with one of the best It’s impossible to discuss any Canadian dividend stocks and not mention Fortis (TSX:FTS). This stock is well known for its long history of raising its dividend distribution. In fact, Fortis’s 49-year dividend-growth streak is currently the second-longest active streak in Canada. The company has already announced its plans to continue raising its dividend at a rate of 4-6% through to at least 2027. Looking at Fortis’s most recent earnings presentation, we can see that the company continues to grow at a rate that supports its aggressive div...

Investing in quality or fundamentally strong dividend stocks is a popular strategy for those looking to create a passive-income stream. While most dividend stocks have a quarterly payout, a handful of TSX companies have a monthly payout, making it ideal to cover a portion of your utility bills and offset any other recurring expense. Here is one top under-$20 TSX dividend stock I would buy for monthly passive income. Why I’m bullish on Savaria stock The world has changed drastically in the last three years due to the COVID-19 pandemic, which resulted in multiple business pivots for companies across sectors. But Savaria (TSX:SIS) is part of a predictable vertical, as it provides products for the world’s aging population. Savaria offers accessibility solutions for the elderly and physically challenged in Canada, the U.S., the U.K., Europe, and other international markets. Its business segments include accessibility, patient care, and adapted vehicles. Savaria was not immune to...

If you’re an investor looking for stocks that are even lower than the market right now, there are some you should sincerely consider. Today, I’m going to cover two TSX stocks that remain quite undervalued. That comes down to earnings, book value, and Relative Strength Index (RSI). In fact, one is even in oversold territory in this case. If you’re looking for a deal on top of the deal presented by the market, with companies bound to recover, these are the two undervalued TSX stocks I’d consider on the TSX today. CIBC Canadian Imperial Bank of Commerce (TSX:CM) is a solid choice for long-term investors wanting a deal. All the Big Six banks are strong choices, in fact, trading well into value territory. This comes down to Canadian banks simply being in a completely different position compared to American banks. It really comes to one thing: competition. In the United States, there is so much competition. This leads to banks going under when Americans take out their cash. But in ...

When it comes to companies in certain sectors, there are a few that stand out as usually doing poorly in a downturn. What especially stands out is any type of company related to consumption. Since investors are seeking to save their cash in the face of inflation and interest rates, they simply cannot spend as much. Yet in the case of these three top stocks, there is an exception, as there is with every rule. So today let’s look at three hidden gems among the top stocks out there, and whether they should be considered a buy on the TSX today. Richelieu Hardware Richelieu Hardware (TSX:RCH) is the first of the top stocks you may want to consider. The Canadian-based company is involved in the manufacturing and distribution of specialty hardware, along with products associated with hardware. Yet while this should perhaps be a company not doing well at a time when the economy is down, Richelieu stock has become one of the top stocks to consider. This could partly be because of its ...

Many people look to high-yielding dividend stocks for passive income. Certainly, this can seem easy and convenient. Who doesn’t want to earn an outsized dividend yield on their investment? It’s a tangible cash return! Take total returns over high dividend yields Unfortunately, there are two problems with this. Firstly, if you are not holding your dividend stocks in a registered account (like the Tax-Free Savings Account, or TFSA, or Registered Retirement Savings Plan, or RRSP), you are paying tax on every dividend payment. Over time, that can eat away your long-term returns. Secondly, stocks with elevated dividends (like over 7-8%) tend to have elevated risks associated with their business. This can be due to macroeconomic concerns, balance sheet troubles (rising interest rate exposure), a weakening competitive edge, or declining sales/earnings. Passive income for decades Any time you are buying a stock with an outsized yield, it is crucial to make sure you are confiden...

Canadian consumers have been squeezed hard since the broader economy began to open after the COVID-19 vaccination drive. Inflation rates picked up steam at an astonishing pace in late 2021 and the first months of 2022. This spurred the Bank of Canada (BoC) to pursue its most aggressive interest rate-tightening cycle in this young century. That has had a limited impact on inflation, which means Canadian consumers are being hit on many sides. If you have cash to invest, it might be a great idea to establish a passive-income stream to provide some much-needed support. Today, I want to discuss how Canadian investors can turn $30,000 into $192 every month. Better yet, we’ll invest this hypothetical cash in our Tax-Free Savings Account (TFSA) so that income is entirely tax free. Here’s an undervalued REIT to target in your passive-income portfolio Artis REIT (TSX:AX.UN) is a Winnipeg-based real estate investment trust (REIT). It aims to produce stable cash distributions by invest...