5 Cheap Moat-y Dividend Stocks

These income opportunities are trading at a discount to our fair value estimates and have a competitive advantage

Ruth Saldanha 14 April, 2021 | 4:38AM
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Enbridge oil tank

Everyone’s looking for new investments. In the past quarter, we’ve talked about Canadian stocks that mutual funds like, the most expensive stocks in Canada, and cheap sector stocks, among others.

With the run-up in markets from the lows of last year, however, there aren’t very many bargains to be had. In our overall coverage universe, only around 25 stocks are currently trading below our fair value estimates (FVEs). Four of the top five cheapest are in Cannabis. And four more in the top 10 are in oil and gas. Only two in the top 10 cheapest have an ‘economic moat’.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BCE Inc63.18 CAD0.40Rating
CI Financial Corp28.10 CAD-0.46Rating
Enbridge Inc52.96 CAD0.65Rating
TC Energy Corp68.02 CAD0.62Rating
TELUS Corp27.87 CAD0.29Rating

About Author

Ruth Saldanha

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


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