2 HIGH DIVIDEND CANADIAN TELECOM STOCKS TO BUY NOW

2 HIGH DIVIDEND CANADIAN TELECOM STOCKS TO BUY NOW

What’s up guys, it’s wiz.

Welcome back to the channel. If you are new, I am a Canadian investor. I cover a whole lot of information about investing in Canada and do research into our Canadian market. I dive into growth investing, dividend investing and Canadian small caps / penny stocks. Today, I will be going over 2 Canadian telecom stocks which pay out a good amount of dividends. These are currently the top TSX telecom stocks and offer tons of value to investors in the long term. For new investors, you need to join Wealthsimple Trade if you are looking to start investing and live in Canada. If you use my link in the description to join Wealthsimple, you get 2 free stocks worth up to 4500$ so do not miss out.

Dividend investing can be very lucrative in Canada. Our leading industries comprise many safe, reliable, blue-chip companies that have paid some of the most consistent and high-yielding dividends throughout the last 20 years. This isn’t just based on the Canadian market, but taking into account all markets around the world, Canada and dividends were made for each other. Not all dividend companies are equal, though. Some companies have a consistent history of increasing dividends and maintaining payouts. Others are known for their exceptionally high yields. Today, we’ll be focusing on two companies that exhibit the latter from the telecom sector.

The first pick is of course BCE, otherwise known as Bell (ticker symbol BCE). BCE is one of Canada’s largest telecommunications and media companies, providing wireless, wireline, and media services. The company pays an extremely high dividend of $3.68 per share for a forward annual yield of around 5.88% currently. BCE also has a low beta of just 0.34. This means that compared to the broader market, BCE is only one-third as volatile. This makes it a potentially good defensive pick in a bearish market, like what we’re seeing in the current market. Reinvesting the ample dividends will also help boost total returns. BCE recently went ex-dividend on June 14 with a payout date of July 15, so investors looking to pick up the next dividend will have to wait until the following fiscal quarter. Currently, the stock is trading at the bottom of its 52-week range, so now might be a good time to lock in a low yield on cost. This company is a pillar in the telecom sector in Canada and offers great dividends, check it out if you haven’t already.

The second is none other than Telus (ticker symbol T). Like BCE, Telus provides a range of telecommunications and information technology products and services in Canada. Its products and services are diverse, including wired and wireless internet, cable, security, home automation, health care, agriculture, and cloud-based products. Telus currently pays a slightly lower dividend than BCE of $1.35 per share for a forward annual dividend yield of 4.76%. However, compared to BCE, Telus has shown stronger growth in recent years, with better year-over-year quarterly revenue and earnings increases. Telus recently went ex-dividend on June 9 with a payout date of July 4, so investors looking to pick up the next dividend will have to wait until the following fiscal quarter. Currently, the stock is also trading at the bottom of its 52-week range, which could be a great entry price for long term investors. Another great Canadian company that is a pillar in the telecom sector, so if you haven’t already, check it out.

Hope you guys enjoyed these 2 Canadian picks in the telecom sector which offer great dividends. Buying these two stocks and reinvesting the dividends can snowball quickly over time, leading to a high total return. However, as with all investments, diversification is key. Concentrating a dividend portfolio in only these two companies could expose you to the risk of underperforming in the market, since they obviously are only part of the telecom sector. There is no guarantee that the Canadian telecom sector will outperform in the future. Consider seeking out additional dividend stocks from other TSX sectors. Please watch my previous videos on Canadian stock recommendations and let me know of any Canadian stocks you want me to look into and give my opinion on. Let me know in the comments, since I really want to expand my knowledge in the Canadian market, and you also expand your own knowledge by asking questions. It is a win-win situation. If you did enjoy this video, leaving a like really helps grow the channel! Thanks for watching, I’ll see you guys in the next video!


Leave a Reply

Your email address will not be published.