Previous close | 57.89 |
Open | 58.05 |
Bid | 56.49 x 1200 |
Ask | 58.40 x 1800 |
Day's range | 57.84 - 58.35 |
52-week range | 53.52 - 66.15 |
Volume | |
Avg. volume | 2,757,062 |
Market cap | 102.517B |
Beta (5Y monthly) | 0.81 |
PE ratio (TTM) | 13.44 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 3.00 (5.18%) |
Ex-dividend date | 10 Jul 2024 |
1y target est | N/A |
As central banks like the Bank of Canada adjust interest rates in response to shifting economic conditions, investors might look towards stable income streams to navigate these uncertain times. Dividend stocks, particularly those with higher yields, can provide a consistent source of income and may become increasingly attractive in such an environment.
The Canadian market has shown robust performance, with a gain of 1.1% recently and an impressive 9.9% increase over the past year, alongside expectations of earnings growing by 15% annually. In this promising environment, dividend stocks that offer consistent payouts and potential for capital appreciation can be particularly appealing to investors looking for both stability and growth.
As global markets exhibit signs of normalization, with central banks like the BoC initiating rate cuts amid stabilizing economic conditions, investors may find reassurance in the relative stability of dividend stocks. In the context of these evolving market dynamics, dividend stocks that maintain yields of at least 3.5% can be particularly appealing for those seeking steady income streams in a landscape marked by gradual economic recovery and easing inflation pressures.