Business & Investment

Two Canadian stocks under $ 100 to buy today

Image Source: Getty Images

Becoming a stock market investor is one of the best ways to get the most out of your savings and accumulate significant wealth for a wide range of financial goals. Many Canadians think that in order to be a successful investor, they first need a significant amount of investment capital. However, you can start at just $ 100 and slowly build wealth and reach that goal.

The sooner you start, the more shareholder interests you can generate in the long run.Whether you invest Undervalued stock Through shareholder dividends and capital gains, we can provide assets that generate significant long-term profits or income that can continue to increase our account balances. TSX We offer a lot High quality stock You can add it to your portfolio.

Today, I’m going to talk about two Canadian stocks under $ 100 that you can buy today to generate great wealth in the long run.

Brookfield Renewable Partner

Brookfield Renewable Partner (TSX: BEP.UN)(NYSE: BEP) An excellent stock that any investor can own right now. The growing popularity of the renewable energy industry will boost the performance of major operators in this sector. The shares of Brookfield Renewable Partners are one of the most established entities in the industry.

Brookfield Renewable Energy has a market capitalization of $ 12.88 billion. At the time of writing, it traded at $ 46.83 per share and boasts a juicy 3.27% dividend yield. The company’s current share price is equivalent to a 24.26% discount from its January 2020 valuation. Buying stock now can mean a short-term rise, as it will recover to record highs and increase wealth as stocks rise. Over the next few years.

Toronto-Dominion Bank

Toronto-Dominion Bank (TSX: TD)(NYSE: TD) Stocks are another great stock to buy and hold. Bank stocks with a market capitalization of $ 159.25 billion do not have the significant capital gains excitement of Brookfield renewable partner stocks. However, bank stocks promise significant stability in their investment portfolio.

Bank stocks are also the best dividend payers who can provide reliable profits through shareholder dividends over the next few decades. TD Bank shares are traded in writing at $ 87.38 per share, boasting a juicy 3.62% dividend yield. Banks have billions of additional cash due to reduced credit loss reserves, thanks to ongoing economic expansion.

If the government gives bank stocks a green light to resume dividend hikes, TD Bank investors may soon see a significant boost in their shareholder dividends.

Stupid takeaway

TD Bank shares are an ideal asset to buy and hold to generate consistent profits through shareholder dividends. Brookfield Renewable Partners shares can also provide reliable returns through the payment of dividends. In addition, this stock offers many rising possibilities as the renewable energy industry grows over the next few years.

These two shares may currently be trading for less than $ 100 per share.However, for companies Potential for significant growth Over the years, we will turn just $ 100 into a more substantive amount through shareholder returns in the long run. It may be worth your money to allocate some of your investment funds to these two companies.

Two Canadian stocks under $ 100 to buy today

https://www.fool.ca/2021/10/23/2-under-100-canadian-stocks-to-buy-today/ Two Canadian stocks under $ 100 to buy today

Back to top button