Should You Buy the 3 Highest-Paying Dividend Stocks in Canada?
Should You Buy the 3 Highest-Paying Dividend Stocks in Canada?
Such dividend stocks you should avoid even if the dividend yield is 5.41%.When you look at high-paying dividend stocks, ask yourself, is this stock worth a buy? While high yields may look appealing, they come with a certain degree of risk, and you should weigh the risks and rewards. To give you an idea, we will analyze three high-paying dividend stocks for their risks and future growth potential to identify if they are worth buying.
當您查看高股息股票時，要問自己，這支股票值得買入嗎？高收益可能看起來吸引人，但也伴隨着一定程度的風險，您應該權衡風險和回報。爲了讓您有個想法，我們將分析三隻高股息股票的風險和未來增長潛力，以確定它們是否值得購買。
Algonquin Power & Utilities
Algonquin Power & Utilities
Algonquin Power & Utilities (TSX:AQN) stock fell 22% in early August as the company announced the sale of its renewable energy business for $2.5 billion. That will make the company Algonquin Utilities, although it has not yet considered a name change. But this sale will remove 16% of revenue. With the sale, the utility also reduced its dividend per share by 40%, a second dividend cut in two years.
Algonquin Power & Utilities（tsx:AQN）股票在8月初下跌了22%，因爲公司宣佈以25億美元出售其可再生能源業務。這將使公司成爲Algonquin Utilities，雖然尚未考慮更名。但這項出售將減少16%的營業收入。隨着出售，該公用事業公司還將其每股股息降低40%，這是兩年來的第二次股息削減。
And the company's debt remains pretty high at $7.47 billion compared to its $5.1 billion market capitalization. Add to it the falling net income. The company is negotiating an increase in the rate of its utility services — electricity, gas, and water. However, it needs more time to control costs. With a debt so high and two consecutive dividend cuts, a change in the management, and no growth in sight except an increase in utility rates, the company is struggling to survive.
而且該公司的債務相比51億美元的市值仍然很高，達到了74.7億美元。再加上淨利潤下降。公司正在談判提高其公用事業服務（電力、燃氣和水）的收費率。然而，它需要更多時間來控制成本。由於債務如此之高，連續兩次分紅削減，管理層變動，除了公用事業費率上漲外看不到增長，公司正艱難求生。
Such dividend stocks you should avoid even if the dividend yield is 5.41%.
即使股息率爲5.41%，您也應避免此類股息股票。
Timbercreek Financial
Timbercreek Financial
Timbercreek Financial (TSX:TF) stock fell a sharp 10% in early November as its third-quarter earnings failed to show the desired recovery in new loans. After reaching its peak of the loan portfolio and yield in December 2023, the short-term mortgage lender saw an increase in loan repayments and a slowdown in new loan activity.
Timbercreek Financial（tsx:TF）股票在11月初大跌10%，因爲其第三季度收益未能展現新貸款的預期復甦。在貸款組合和收益於2023年12月達到頂峯後，短期抵押貸款放款人看到貸款償還增加，新貸款活動放緩。
While the slowdown was expected, the recent rate cuts by the Bank of Canada raised hopes of a recovery in loan activity in the second half. However, Timbercreek Financial's third-quarter credit utilization remained low at 79.7%. This reduced its net investment income by 16% year over year to $25.4 million. Its dividend payout increased significantly to 95.3% of distributable income, raising caution.
雖然放緩是意料之中的，但加拿大銀行最近的利率下調提升了人們對下半年貸款活動復甦的希望。然而，Timbercreek Financial第三季度的信用利用率仍然爲79.7%。這使其淨投資收入同比減少16%，至2540萬美元。其股息支付大幅增加，達到可分配收入的95.3%，令人擔憂。
However, there is hope for a recovery in loan volumes as real estate activity picks up. This growth may take some time as the market absorbs the rate cuts. Many borrowers might be waiting for more rate cuts to take loans.
然而，隨着房地產活動的復甦，貸款額有望增長。隨着市場吸納利率下調，這種增長可能需要一些時間。許多借款人可能正在等待更多的利率下調來貸款。
Although Timbercreek Financial's net income kept falling, it has growth potential. Hence, it is a good stock to buy the dip and lock in a 9% yield. The company has regularly paid dividends since 2016. Although the company has no dividend history of the financial crisis, it maintained its dividends during the pandemic crisis. That could be a reason to take the risk and buy the dip. A reward of 9% yield can make for the risk of a dividend cut, if any.
儘管Timbercreek Financial的淨利潤持續下降，但具有增長潛力。因此，這是一個買入低點並鎖定9%的股息的好股票。自2016年以來，該公司定期支付股息。雖然該公司沒有金融危機的股息歷史，但在疫情危機期間仍然維持其股息。這可能是冒險買入低點的一個理由。高達9%的股息回報可以讓投資者承擔分紅削減的風險，如果有的話。
BCE's 10.5% dividend yield
BCE的10.5%股息收益率
BCE (TSX:BCE) stock slipped 15% in November after the company reported a net loss of $1.19 billion due to a one-time impairment charge that is a part of its restructuring. Moreover, the telco paused dividend growth. The stock was already trading near its 10-year low over fears of a dividend growth pause. Another 15% cut is because the company reduced its 2024 revenue guidance to a 1.5% decline from the previous guidance of 0-4% growth.
BCE（tsx:BCE）股票因公司報告11.9億美元的一次性減值損失而在11月下跌了15％，這是其重組計劃的一部分。此外，這家電信公司暫停了股息增長。該股票已經因擔心股息增長暫停處於其近10年的低位。另一個15%的下跌是因爲該公司將2024年營收指導下調爲1.5%，低於之前的0-4%增長。
BCE's net debt levels have surpassed its target level of 2.0-2.5 times its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) and stand at 3.7 times. Moreover, its dividend-payout ratio was above 100% for two consecutive years. It has shifted its focus on reducing its leverage to target levels before resuming dividend growth. It could take a year or two for restructuring to deliver the desired results.
BCE的淨債務水平已超過其目標水平2.0-2.5倍的調整前息稅折舊及攤銷前利潤（EBITDA）收入，目前爲3.7倍。此外，其股息支付比率連續兩年超過100%。它已將重點轉向減少槓桿，以達到目標水平，然後恢復股息增長。重組交付期望結果可能需要一兩年時間。
Nevertheless, BCE is a stock to buy amidst its difficulty as the company has a strong market share, updated 5G infrastructure that will unleash more growth opportunities and a 15-year history of growing dividends. Moreover, falling interest rates could allow BCE to reduce interest expenses and improve its profit.
然而，雖然BCE面臨困難，但其是一個值得購買的股票，因爲該公司擁有強大的市場份額，更新的5g概念創造了更多的增長機會，擁有15年股息增長曆史。此外，下降的利率可能會使BCE減少利息支出並改善其利潤。
You can consider buying BCE at this dip and lock in a 10.5% dividend yield.
您可以考慮在此時購買BCE，並獲得10.5%的股息收益率。
譯文內容由第三人軟體翻譯。
