Stocks That Can Make You Celebrate Life

Shweta Mazoomdar
6 Min Read

If you are new to the world of stocks, then welcome! The world of stocks, shares, and dividends awaits you. This sector is very enriching and you will love it here. Plus, a lot of people invest in stocks. Therefore, do not worry. This is because below given are some stocks that will make you love your life. This means that investing in them will make you feel like you have made the best decision by investing in stocks. Therefore, go ahead!

a. Stelco STLC

Steel firm Stelco and its stocks rose 81.5% in the third quarter. This means that it gained over 91.5% over the past 12 months. This means that if you are trading at C$66.71 per share, then its stock will have a forward dividend yield of 4.5%. Stelco pays its investors an annual dividend of C$3 per share. The stock os Stelco is known to have a quantitative Morningstar Rating of 3 stars.

b. Lundin Gold LUG

Gold company Lundin Gold rose to 46.1% in the third quarter. Its stocks had gained around 96.3% over the past 12 months. At C$29.25 per share, its stock has had a forward dividend yield of 3.67%. Plus, an annual dividend of C$1.07 per share also came in. This firm is known to have a quantitative Morningstar Rating of 2 stars.

c. TransAlta TA

Independent power producer firm TransAlta gained around 45.2% in the third quarter. It then rose upto 20.5% over the past 12 months. The stocks of C$14.02 price gives it a forward dividend yield of 1.71%. This means that TransAlta pays its investors an annual dividend of C$0.24 per share. This stock has a quantitative Morningstar Rating of 3 stars.

d. Cogeco CCA

Telecom services firm Cogeco rose upto 40.2% in the third quarter. It then gained 19.2% over the past twelve months consecutively. Trading at C$71.50 per share, Cogeco stock has a forward dividend yield of 4.78%. Along with it, it also has an annual dividend of C$3.42 per share. The Cogeco firm has a quantitative Morningstar Rating of 4 stars.

e. Leon’s Furniture

Specialty retail firm Leon’s Furniture had gained a figure of 31.8% in the third quarter. It then rose upto 66.7% over the past 12 months. The firm which had been trading at C$29.96 per share, the forward dividend of its yield is 2.67%. Leon’s Furniture pays its investors an annual dividend of C$0.80 per share. It also has a quantitative Morningstar Rating of 3 stars.

f. Industrial Alliance Insurance and Financial Services

The Diversified insurance firm Industrial Alliance Insurance and Financial Services have gained about 31.4% in the third quarter. It then rose upto 35.4% over the past 12 months. At C$112.10 per share, the Industrial Alliance Insurance and Financial Services stock has a forward dividend yield of 2.93%. It also has an annual dividend of C$3.28 per share. This firm stocks has a quantitative Morningstar Rating of 3 stars.

g. CI Financial

The Asset management firm CI Financial rose upto 29.2% in the third quarter. It also has gained 24.3% over the past twelve months. Trading at C$18.41 per share, the CI Financial stock has a forward dividend yield of 4.35%. It also has an annual dividend of C$0.80 per share. The stock, is known to have no economic moat. Therefore, it is trading near its fair value estimate of C$16 per share. This firm’s stocls have a Morningstar Rating of 3 stars.

h. Canadian Imperial Bank of Commerce

The Diversified bank Canadian Imperial Bank of Commerce rose upto 28.9% in the third quarter. It had also gained upto 65.1% over the past 12 months. Therefore, trading at C$82.96 per share, the Canadian Imperial Bank of Commerce stock has a forward dividend yield of 4.34%. This means that it also pays investors an annual dividend of C$3.60 per share. The stock, which has a narrow economic moat, is currently trading at a 19% premium. This is done to its fair value estimate of C$70 per share, therefore, leaving it moderately overvalued. This firm and its stocks have a Morningstar Rating of 2 stars.

Conclusion

Thus, these are one stocks that you must get into investing throroughly. However, make sure that you take a close look at how these firms have done in the long-run. They have done good so far, however, checking it out, will lead you to choose the best dividend stocks of one given firm. Therefore, go ahead and all the best in your stock market journey.

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