Business & Investment

Two high-yielding dividend stocks to buy before 2022

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At the time of writing S & P / TSX Comprehensive Index It is down 4.69% from the level on November 12, 2021. Growing concerns about Omicron variants that hinder the recovery of the global economy exacerbated the decline that began in late November as potential rate hikes continue to be reported early next year.

Market downturn It’s a scary environment for many new Canadian investors. However, pullbacks are a dream for veteran investors because they offer some quality opportunities with attractive ratings. Once you know where to look, you can maximize market volatility and find high-quality assets that are of great benefit to shareholders.

Today I will talk about two high yields Dividend stock You can consider grabbing during this decline to fix the inflated shareholder dividend yield to your investment capital.

Capital power

Capital Power Co., Ltd. (TSX: CPX) A $ 4.5 billion market capitalization company based in Edmonton, it develops, acquires, owns and operates a diverse portfolio of power generation facilities throughout North America. Canada’s utility business recorded excellent figures in its third quarter 2021 earnings report, with net income rising from $ 129 million in the same period in 2020 to $ 156 million to date. did.

At the time of writing, Canadian dividend shares are trading at $ 38.71 per share, boasting a juicy 5.66% dividend yield. It is unlikely that the demand for that service will decline immediately. This means that the company can maintain high dividend yields and continue to provide excellent shareholder returns regardless of changing economic conditions.

Keyera

Keyera Corp. (TSX: KEY) Is a Calgary-based $ 6.18 billion market capitalization company and one of the country’s most important middle-class oil and gas companies. The company provides important services to oil and gas producers in western Canada, shipping several commodities throughout North America. Last month, the energy infrastructure giant released its third quarter 2021 earnings report.

Keyera Corp. reported an adjusted EBITDA of $ 214 million. Adjusted EBITDA increased by $ 196 million compared to the same period in 2020. Net income more than doubled year-on-year to $ 70 million, and the company currently boasts $ 1.4 billion in liquidity. Keyera shares are trading at $ 27.98 per share at the time of writing and boast a juicy 6.86% dividend yield that can be fixed in today’s portfolio.

Stupid takeaway

Dividend investment in the right stock can bring significant shareholder interests just by paying dividends. However, not all high-yielding dividend stocks are ideal assets for your investment portfolio.

It is important to understand whether the underlying business is likely to provide reliable dividend payments over the long term and whether it will generate sufficient income to maintain shareholder dividends.

Investing in Reliable Dividend Stocks When the market is sluggish Take advantage of the inflated dividend yield and help maximize your investment capital. If you have some money to invest during the dip, it may be a good idea to invest in Capital Power and Keyera stocks.

Two high-yielding dividend stocks to buy before 2022

https://www.fool.ca/2021/12/18/2-high-yield-dividend-stocks-to-buy-before-2022/ Two high-yielding dividend stocks to buy before 2022

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