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

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 Montreal80.23 CAD-0.69
BCE Inc55.50 CAD-1.00
Canadian Imperial Bank of Commerce101.96 CAD-0.50
CI Financial Corp18.04 CAD0.17
Corus Entertainment Inc Class B2.92 CAD-7.89
Enbridge Inc40.21 CAD-0.84
Fortis Inc52.19 CAD-0.23
National Bank of Canada69.57 CAD-1.65
TC Energy Corp60.47 CAD0.92
TELUS Corp23.52 CAD-1.63
The Toronto-Dominion Bank62.08 CAD-0.72

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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