10 cheap stocks with healthy dividends

These stocks will likely continue to deliver consistent dividends over the next 10+ years.

Ruth Saldanha 24 October, 2018 | 5:00PM
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Almost every long-term investor loves a good dividend. For investors about to retire, dividends provide a steady stream of income. For mid-career or early-stage investors, reinvesting dividends leads to higher long-term returns through the power of compounding.

However, one of the biggest worries that investors seeking dividends face is whether companies will cut their dividend payouts.

For Canadian investors, this has been a top-of-mind worry, as in the past quarter we have seen some high-profile dividend cuts including Corus Entertainment's (CJR.B) 80% dividend cut in June, and  CI Financial's (CIX) nearly halving of its dividend in August.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Montreal127.85 CAD-0.74Rating
BCE Inc64.68 CAD-0.46Rating
Canadian Imperial Bank of Commerce145.99 CAD-1.39Rating
CI Financial Corp26.96 CAD0.60Rating
Corus Entertainment Inc Class B5.85 CAD-0.34
Enbridge Inc50.66 CAD-0.33Rating
Fortis Inc57.49 CAD-0.91Rating
National Bank of Canada97.98 CAD-0.56Rating
TC Energy Corp62.70 CAD0.37Rating
TELUS Corp28.72 CAD-0.14Rating
The Toronto-Dominion Bank82.48 CAD-0.55Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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