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Source: whiteMocca, Shutterstock
The past year has been particularly challenging during festivities with the spread of COVID-19 making family gatherings difficult. Add to that the gloomy rise of job losses and financial troubles that the pandemic brought along. As we head for Easter 2021 with the hopes flattening the curve of infection and a seasonal boost in the stock markets, let’s look at three Toronto Stock Exchange-listed stocks that have been rallying for a while now – E-L Financial Corporation Limited (TSX:EFF), Canadian Pacific Railway Limited (TSX:CP) and Dollarama Inc (TSX:DOL).
1. E-L Financial Corporation Limited (TSX:EFF)
Canadian investment and insurance holding company E-L Financial Corporation Limited (TSX:EFF) is currently trending high among top price performers and financial stocks on the TSX.
One-year chart of E-L Financial’s stock performance (Source: EODHD/Others/Thomson Reuters)
While the pandemic troubled most enterprises, E-L Financial stock climbed by nearly 55 per cent in the last one year and by almost 21 per cent year-to-date (YTD). It also recorded a fresh 52-week high of C$ 938.8 on March 19.
The Toronto-based financial services provider currently pays a quarterly dividend of C$ 1.25, which holds a dividend yield of 0.54 per cent, as per the data on TMX.
2. Canadian Pacific Railway Limited (TSX:CP)
Also ranked high on the trending charts of TSX, stocks of Canadian Pacific Railway ballooned by nearly 73 per cent over the past year and by about 17 per cent in the last six months.
One-year chart of Canadian Pacific’s stock performance (Source: EODHD/Others/Thomson Reuters)
Canadian Pacific Railway shares currently record a price-to-earnings (P/E) ratio of 25.9, a return on equity (ROE) of 34.33 per cent and a return on assets (ROA) of 10.73 per cent, as per TMX data.
A historic Class I railway that came into being in the 1880s, Canadian Pacific was recently added to the list of dividend aristocrats after it raised its dividend for five years in a row. It currently pays a quarterly dividend of C$ 0.95, holding an yield of 0.792 per cent, according to TMX.
3. Dollarama Inc (TSX:DOL)
Apart from being ranked among top price performers and consumer goods companies, Dollarama also features among top TSX-listed stocks with high return on equity with that of 767.29 per cent, as per TMX data.
One-year chart of Dollarama’s stock performance (Source: EODHD/Others/Thomson Reuters)
The consumer stock surged by over 42 per cent last year and by nearly 15 per cent over the past one month.
Dollarama’s quarterly dividend of C$ 0.05 holds an yield of 0.362 per cent at the moment, while its P/E ratio stands at 28.5 and its ROA is 14.42 per cent, according to TMX data.
Dollarama stock shot up by about six per cent on Wednesday, March 31, after it posted a 6.3 per cent year-over-year (YoY) jump in its annual sales of C$ 4,026.3 million for fiscal 2021.
