2 Top Canadian Dividend Stocks to Buy on a Pullback
2 Top Canadian Dividend Stocks to Buy on a Pullback
The TSX is due for a correction after the stellar 2024 run. In fact, some stocks have already started to give back gains.
TSX在2024年的恒星幣運行後即將迎來修正。事實上,一些股票已經開始回吐收益。
Investors who missed the big rally last year are wondering which dividend stocks might be good to buy on a dip for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio.
錯過去年大幅上漲的投資者正在考慮哪些分紅派息股票可能在下跌時適合在自助無稅儲蓄賬戶(TFSA)或註冊退休儲蓄計劃(RRSP)組合中買入。
Bank of Nova Scotia
豐業銀行
Bank of Nova Scotia (TSX:BNS) trades near $74 per share at the time of writing compared to $80 in late November.
豐業銀行(TSX:BNS)在寫作時的交易價格接近每股74美元,而去年11月底爲80美元。
The stock was as high as $93 in early 2022, so there is decent upside potential on a rebound.
該股票在2022年初曾高達93美元,因此反彈存在不錯的上漲潛力。
Bank of Nova Scotia is a contrarian pick in the Canadian bank sector. The stock underperformed its peers in the past five years. This is likely due to investor concerns regarding Bank of Nova Scotia's Latin American operations. The bank spent billions of dollars over the past two or three decades on acquisitions to build a large presence in Mexico, Peru, Chile, Colombia, and smaller markets in the region. The idea was to capitalize on a large, underbanked population that would offer good growth potential as the middle class expands.
豐業銀行是加拿大銀行板塊中的逆勢選擇。過去五年,該股票的表現不及其同行。這可能是因爲投資者對豐業銀行在拉丁美洲業務的擔憂。該銀行在過去二三十年中花費了數十億美元進行收購,以在墨西哥、秘魯、智利、哥倫比亞和該地區的小市場建立大型存在。其目的是利用一個龐大的、未被充分服務的人口,隨着中產階級的擴大,提供良好的增長潛力。
Economic and political volatility, however, are always present, and Bank of Nova Scotia's investors haven't enjoyed the anticipated returns.
然而,經濟和政治的不穩定性始終存在,豐業銀行的投資者沒有享受到預期的回報。
The bank's new chief executive officer appears to be shifting the growth strategy to the United States and Canada. Bank of Nova Scotia spent US$2.8 billion in 2024 to acquire a 14.9% position in KeyCorp, an American regional bank. The move gives Bank of Nova Scotia a good platform to expand its U.S. presence, where its peers have invested heavily.
該銀行的新首席執行官似乎正在將增長策略轉向美國和加拿大。豐業銀行在2024年花費了28億美元收購了KeyCorp的14.9%股份。這一舉措爲豐業銀行在美國的擴展提供了良好的平台,而其同行在此方面已進行了大量投資。
Bank of Nova Scotia recently announced it will take a $1.4 billion hit on the sale of its assets in Colombia, Costa Rica, and Panama. The move shows that the bank is serious about exiting some of its Latin American operations. Investors, however, aren't pleased with the losses and might be concerned that monetizing other international assets might not bring in as much as potentially expected.
豐業銀行最近宣佈將在哥倫比亞、哥斯達黎加和巴拿馬出售其資產時遭受14億元的損失。這一舉動表明該銀行在退出其某些拉丁美洲業務方面是認真的。然而,投資者對這些損失不滿,並可能擔心其他國際資產的變現收入可能不如預期的那麼高。
It will take time for the turnaround efforts to deliver results. However, investors can collect a solid 5.75% dividend yield at the current share price while they wait.
翻盤的努力需要時間才能見到成果。然而,投資者可以在等待期間,以當前的股價獲得5.75%的穩定分紅收益。
Fortis
Fortis
Fortis (TSX:FTS) is down about $5 per share since early December. The pullback is expected after the solid rally the stock enjoyed in the second half of 2024.
Fortis (TSX:FTS) 自去年12月初以來每股下跌約5美元。在2024年下半年,該股票經歷了強勁反彈後,這一下跌是可以預期的。
Fortis operates utilities in Canada, the United States, and the Caribbean. Growth comes from capital projects and acquisitions. The sharp jump in interest rates in 2022 and 2023 put pressure on utility stocks due to their tendency to use a lot of debt to fund their growth initiatives. The rebound in Fortis stock last year coincided with rate cuts in Canada and the United States.
Fortis在加拿大、美國和加勒比地區運營公用事業。增長來自資本項目和收購。2022年和2023年利率的急劇上升對公用事業股票施加了壓力,因爲它們往往使用大量債務來資助其增長計劃。Fortis股票在去年反彈的時機與加拿大和美國的減息相吻合。
The recent pullback is likely due to investors taking a step back on expectations for additional rate cuts in the United States. Inflation is sticky south of the border, but the economy is still in good shape. This might force the U.S. central bank to put rate cuts on hold.
近期的回調可能是由於投資者在對美國額外減息的預期上採取了觀望態度。雖然南方的通脹仍然頑固,但經濟形勢依然良好。這可能迫使美國中央銀行暫停減息。
If that happens, or if rates are increased again, Fortis and its utility peers could see new downside.
如果發生這種情況,或者利率再次上調,Fortis及其公用事業同行可能會面臨新的下行風險。
On the positive side, Fortis has increased the dividend for 51 consecutive years and plans to boost the distribution by 4% to 6% annually through at least 2029. At the current price,e investors can get a yield of 4.2%.
積極的一面是,Fortis已經連續51年增加分紅,並計劃通過至少2029年每年提升分紅4%至6%。在當前價格下,投資者可以獲得4.2%的收益率。
The bottom line
結論
Bank of Nova Scotia and Fortis pay attractive dividends. If you are looking for TFSA or RRSP picks, these stocks deserve to be on your radar as the market corrects.
豐業銀行和Fortis支付有吸引力的分紅派息。如果你正在尋找TFSA或RRSP的選擇,這些股票在市場調整時值得關注。
譯文內容由第三人軟體翻譯。
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