This article is contributed by Jeff Dawson. Jeff has over 10 years of investing background, focusing mainly on North American stocks and ETFs. Enjoy and please comment if you have any questions!
Over the past week or so, growth stocks have seen a correction. In particular, high-risk assets like cryptocurrency along with tech stocks have been sent tumbling. This isn’t to say they won’t rebound, but one type of asset has seen no such volatility – dividend stocks.
Generally, dividend stocks are picked by value investors and those looking to buy-and-hold. It’s understandable that they’re less volatile, because they’re not factoring in decades of future income into their price and they generally have long histories of reliable dividend payouts.
Canada specifically has seen many strong dividend stocks with encouraging dividend payouts. For example, the big six Canadian banks are all expected to resume their increased dividends in 2022.
Below are the top 10 Canadian dividend stocks selected from a list of the top 32 Canadian dividend stocks. Continue reading →