Previous close | 26.00 |
Open | 26.60 |
Bid | 26.20 x 15000 |
Ask | 26.80 x 15000 |
Day's range | 26.60 - 26.60 |
52-week range | 22.00 - 27.40 |
Volume | |
Avg. volume | 14 |
Market cap | 17.163B |
Beta (5Y monthly) | 1.10 |
PE ratio (TTM) | 9.74 |
EPS (TTM) | 2.73 |
Earnings date | 08 Aug 2024 |
Forward dividend & yield | 1.53 (5.77%) |
Ex-dividend date | 28 Jun 2024 |
1y target est | N/A |
The Canadian market has shown robust performance recently, with a 2.5% increase over the past week and an impressive 12% climb over the last year. With earnings expected to grow by 15% annually, investors might consider dividend stocks that potentially offer both stability and growth in this optimistic economic environment.
Amidst a backdrop of cautious interest rate cuts by the Bank of Canada and a pause from the Federal Reserve, Canadian consumers are exhibiting signs of fatigue even as they continue to drive economic growth. With inflation showing signs of moderation and stock markets reaching new heights, this environment underscores the potential stability that high-yielding dividend stocks can offer, particularly in times when diversification remains a key strategy for managing risk.
As the Canadian market navigates through a phase of cautious interest rate cuts and persistent consumer spending, investors are closely monitoring the broader economic indicators. Amidst this backdrop, dividend stocks on the TSX are attracting attention for their potential to offer stable returns in a fluctuating economic environment. In relation to our discussion on top TSX dividend stocks with yields up to 5.8%, it's important to note that such stocks can be particularly appealing in times...