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Due to market volatility, retired investors may be TFSA or RRSP Portfolio for 2022.
BCE (TSX: BCE)(NYSE: BCE) Is Canada’s largest telecommunications company with a market capitalization of $ 59 billion. The company enjoys a solid balance sheet and is large enough to make the necessary investments to protect competitive moats while providing the world-class broadband services customers need.
BCE reported solid results for the third quarter of 2021. Net income for the quarter was $ 815 million, up 9.9% from the year-ago quarter. Adjusted earnings per share was $ 0.82, up 3.8%.
BCE has added over 136,000 net mobile subscribers. This corresponds to an increase of 14.3%. The company is doing a better job of preventing existing customers from switching to other providers. Postpaid mobile churn reached a third-quarter record of 0.93%.
Media revenue surged 14.5% as advertisers spent more across BCE’s platform. Notably, digital revenue increased 32% and now accounts for 22% of total media business revenue.
BCE spent $ 2 billion to buy a new 3,500MHz spectrum in 2021 at a government auction.This will be the basis for BCE’s expansion 5G Communication network. BCE plans to provide 5G services to 70% of Canada’s population by the end of 2021.
The company is also investing in new fiber optic lines that connect directly to homes and businesses. This helps to retain clients while strengthening their position in the market.
The BCE generated $ 571 million in free cash flow quarterly, despite a large capital investment.
This stock should be a solid defense for the retirement portfolio towards 2021. Investors who buy shares at the current price of close to $ 65.50 per share can get a dividend yield of 5.3%.
Canada’s natural resources
Canada’s natural resources (TSX: CNQ)(NYSE: CNQ) Is a leader in the Canadian oil and gas industry with vast resources and production operations, including oil sands, offshore oils, traditional heavy oils, traditional gas oils, natural gas and natural gas liquids.
Soaring oil and gas prices over the past year have boosted earnings and profits. CNRL reported adjusted net income for the third quarter of 2021 of $ 2.1 billion. The company uses surplus cash flow to reduce debt, buy back shares and increase dividends.
Net liabilities decreased $ 2.3 billion for the quarter. In the income statement, CNRL announced a 25% dividend increase. This is the 22nd consecutive year that the board has raised payments. The company also buys back about 1% of its outstanding shares quarterly.
Stock prices have fallen in recent weeks due to the pullback in oil prices, and now seem to be attractive. CNRL is trading close to $ 51.50 per share, compared to the 2021 high of $ 55. Investors who buy at this level can get a dividend yield of 4.5%.
Demand for oil and natural gas is expected to remain strong over the next few years. The decline in capital investment between 2020 and 2021 means that we may find that the market is in a tight position in the medium term. As a result, energy prices may recover in 2022.
Conclusion Top stocks in the retirement fund
BCE and CNRL are industry leaders. Companies need to pay attractive dividends with above average yields and provide a solid total return to investors building a diversified retirement portfolio.
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