It is always fun to get excited about buying opportunities and to add a new company to our portfolio. Should you have some money waiting in your bank account, we got some of the best Canadian dividend ideas for you!
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You’ll Learn
- The “Best or Top Stocks of the Year” is a classic at DSR. Mike had been doing an entire book about them every year for over a decade! How does he select them?
- Let’s start with Stella-Jones (SJ.TO). The material stock has a PRO rating and a Dividend Safety Score of 4 at Dividend Stocks Rock. It also shows a double-digit 5-yr dividend growth. What else does Mike like about it?
- However, things could get worse this year for the material sector. Why is it a top stock for 2024 and what should investors expect?
- It has been difficult for REITs in 2023 and it might continue to be. This has created some opportunities, one of which is Granite REIT (GRT.UN.TO).
- Let’s add a note on what we need to be careful about when selecting REITs, especially during downturns.
- The next company is in the utilities, so Mike shares a small recap of what happened in this sector in 2023.
- Capital Power (CPX.TO) is a company that we almost never discussed, but it still shows an interesting profile: stable business, growth by acquisition, diversification.
Related Content
Is real estate still a good investment or is it dead money? Let’s see what’s happening with the REIT sector!
Let’s prepare for the New Year with our How to Invest in 2024 series!
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This podcast episode has been provided by Dividend Stocks Rock.
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