In the second quarter of its fiscal year 2023 (ended in April), the company posted adjusted earnings of $0.45 per share and $747.2 million in revenue, exceeding analysts’ top- and bottom-line estimates. Two key factors that make Transcontinental a great dividend stock to own for the long term are its over four decades of successful experience in its domain and its diversified revenue streams, including flexible packaging, printing, and media segments.
At the current market price, Transcontinental stock offers an attractive 6.2% annualized dividend yield and distributes its dividend payouts every quarter. It’s a Montréal-headquartered packaging and printing company with a market cap of $1.3 billion, as its stock trades at $14.47 per share with 5.6% year-to-date losses. Transcontinental stockīased on its impressive top-line growth in recent years and strong fundamental outlook, Transcontinental ( TSX:TCL.A ) could be worth considering for investors seeking passive income in Canada. That’s why calling them Canadian dividends machines wouldn’t be inaccurate. With these stocks, you can expect to generate extra income for years. In this article, I’ll talk about two of the best Canadian dividend stocks to buy in 2023.
It will help you not only minimize your risks but also earn handsome passive income from their dividends. To expect solid returns on your investments in the long run, you may want to stick to the Foolish Investing Philosophy by taking the long-term approach.Īnd if you really want to expedite the process, you can consider investing a large portion of your portfolio in some high-quality, dividend-yielding stocks. If you’re starting the journey toward financial freedom, you must remember that it’s not an overnight endeavour.
0 kommentar(er)
