WilliamMLeighty634 blog

Canadian bank stocks have been steady performers over time. And though they haven’t moved all that much over the past five years, their steady, growing dividends remain a main attraction. Indeed, you can’t go wrong with a Big Six bank as a long-term investor looking to build wealth over the ages. However, whenever you can grab shares of one at a discount following a bear market plunge or any sort of market-wide panic, you can improve the risk/reward tradeoff that much more. Not only do you stand to get more in the way of capital gains with a freshly corrected big bank stock over the long haul, but odds are, you’ll be able to “lock in” a dividend yield that’s higher than that of historical averages. Indeed, greater gains potential and a juicier dividend are reasons to prefer Canada’s established banks when times get tough. Sure, banks aren’t immune to recessionary headwinds. However, they always find a way to climb back once the recession passes and the new bull has a chance to ru...

You don’t need a lot of capital to start earning passive income by investing. The stock market allows Canadian investors with any level of capital to earn income and capital gains. Stocks are a great alternative for passive income Unlike real estate or a small business, the cost to buy a stock is low (just a small commission), you can buy as many stocks as you can afford, and those stocks can be bought and sold pretty much whenever you like. Now, that does come at a cost. The market is incredibly volatile in the near term. Fortunately, in the long term, stocks tend to follow the earnings and cash flow growth of a stock. One way to offset this is to buy stocks that pay dividends. At the very least, you collect some passive income while you wait. If you only have $15,000 to invest today, here’s a mini portfolio that could produce $617 of passive income annually (and potentially more) for decades to come. Fortis: Decades of growing passive income Fortis (TSX:FTS) is one ...

Bank of Nova Scotia (TSX:BNS) saw its share price drop considerably in 2022. Investors who missed the big bounce off the 2020 plunge are now wondering if the latest correction is a good opportunity to buy BNS stock for a retirement portfolio or a Tax-Free Savings Account (TFSA) focused on passive income. Bank of Nova Scotia overview Bank of Nova Scotia is currently Canada’s fourth-largest bank with a market capitalization near $62 billion. The bank is unique among its peers due to its large international business located primarily in Latin America. Bank of Nova Scotia has built up a meaningful presence in Mexico, Peru, Chile, and Colombia over the past 30 years through a series of acquisitions. This might seem like an odd strategy for a Canadian bank, but the four countries are members of the Pacific Alliance trade bloc and are home to a combined population of more than 230 million. Bank services penetration is very low in these countries compared to Canada, so there is signi...

If you’re looking for top dividend stocks to buy for decades of passive income, here are five TSX stocks that provide sustainable, growing income. Enbridge stock Enbridge (TSX:ENB) stock has paid a dividend for more than 68 years. And it has increased its dividend at about 10% per year for about 28 consecutive years! It targets a sustainable payout ratio that’s 60-70% of its distributable cash flow. As growth has slowed, over the next few years, investors can expect slower dividend growth of about 3-5% per year. That said, the massive energy infrastructure company is still an excellent choice for current income. At $54.18 per share at writing, the dividend stock offers a yield of just over 6.5%. Remember that this dividend income is more favourably taxed than your job’s income if you hold shares in your non-registered account. Bank of Nova Scotia stock Bank of Nova Scotia (TSX:BNS) stock is another reliable high-yield stock for juicy income. At $70.11 per share at writing...

In the last decade, the shift towards clean energy sources gained significant momentum globally. This trend is all set to accelerate in the next 30 years, as countries are looking to fight climate change and move away from fossil fuels. The transition towards renewable energy sources remains inevitable, and this sector will attract investments of around US$150 trillion through 2050. Right now, renewable energy sources, including wind, solar and hydro, account for 20% of the total electricity generated by the global power sector. Since 2012, the clean energy sector has expanded at a brisk pace, with electricity generating capacity rising 300% in this period. Most renewable energy players enter into long-term PPAs, or power-purchase agreements, with utility companies to buy power generated from clean energy sources. This provides investors with earnings visibility while allowing companies to generate cash flows across business cycles. Keeping these factors in mind, I compare two ...

Growth stocks generally grow their financials at a higher rate than the industry average, thus delivering superior returns. However, these companies require higher capital to fund their growth. So, the rising interest rates and recession fears have made investors skeptical, thus leading to a selloff last year. Yet, with the beginning of the new year, investors’ optimism appears to have returned. Growth stocks are witnessing healthy buying. With the focus returning to growth stocks, which among WELL Health Technologies (TSX:WELL) and Docebo (TSX:DCBO) would be a good buy right now? Let’s compare their recent performances, growth prospects, and valuations. WELL Health Technologies WELL Health is a digital healthcare company that allows healthcare practitioners to provide virtual healthcare services through its platform. Despite broader economic headwinds, the company delivered solid financials last year. Supported by strategic acquisitions and robust growth in its virtual ser...

Real estate investment trusts (REITs) are designed to distribute reliable regular passive income from property portfolios to investors. However, REIT distributions do get cut when payouts become unsustainable. Dividend cuts are painful financial events that may jeopardize an income portfolio’s ability to attain its stated objectives. Safety is thus essential. I’ll discuss three REITs that should pay some of the safest distribution yields for 2023. One key metric used to assess the safety of a REIT’s distributions is the trust’s payout rate of its adjusted funds from operations (AFFO). AFFO is a measure of the trust’s recurring cash earnings that are available for monthly distributions. The measure removes the otherwise volatile, non-cash gains and losses on the fair value of real estate properties, adjusts REIT earnings for non-recurring gains and losses on property disposals, straight-line rent amortization, and deducts necessary capital expenditures and routine property le...