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Jurk 3 Dividend Champions for Every Portfolio
The recent correction in gold stocks has investors who missed out on the surge earlier this year wondering which gold miners might be undervalued now and good to buy for a self-directed RRSP portfolio. Let take a look at Barrick Gold TSX:ABX NYSE:GOLD to see if it deserves to be on your buy list.Gold market outlookGold currently trades for US$1,825 per ounce. This is still a very profitable price for Barrick Gold, and upside could be on the way for the metal through the stanley website end of 2022.Gold is widely viewed as a safe-haven asset in times of economic and geopolitical turbulence. Economists are increasingly predicting a recession in 2023 or 2024 due to the aggressive interest rate hikes being put in place by the U.S. stanley website Federal Reserve to bring inflation back to its target of 2%. A deep economic downturn could drive more funds into gold. On the geopolitical side, the war in Ukraine could la stanley cup st for much longer than expected, and any indication Russian might use nuclear weapons could se Zjuh Retirement Investors: 3 Top Dividend Stocks for Total Returns
The top 10 holdings in the iShares SP/TSX 60 Index ETF all pay dividends. This didn t come as a surprise, because the ETF tracks the performance of the SP/TSX 60 Index, which consists of a group of well-established large-cap companies.After going through the top holdings, I identified three stocks that are particularly attractive: Enbridge TSX:ENB NYSE:ENB , Bank of Nova Scotia TSX:BNS NYSE:BNS , and Suncor Energy TSX:SU NYSE:SU .These well-valued dividend stocks should boost investors returns by way of higher dividend yields and greater price appreciation po stanley nz tential.EnbridgeEnbridge celebrated its 70th birthday this year. 2019 also marks its 24th consecutive year of dividend growth. However, it has actually paid dividends for more than 64 years.In 10 years, Enbridge ne stanley cup arl stanley cup y quadrupled its payout. If you ;d received $1,000 from the stock 10 years ago, you d now receive close to $4,000.As large as Enbridge has become an enterprise value of over $172 billion |
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