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Highlights:
- One of the biggest gold producers in the world, Barrick Gold Corporation has a market cap of C$55 billion
- On March 10, Manulife Financial Corporation hosted Nobel laureate Malala Yousafzai to speak on the importance of learning lifelong, education and empowerment.
- Suncor Energy Inc’s dividend yield is over four per cent and its quarterly dividend is C$0.42
Some investors may look to fundamentally strong large cap stocks to help diversify certain portfolios. Usually, they don’t gain as rapidly as mid cap or small cap stocks, but they are generally considered safer.
Therefore, investing in large cap stocks may be looked at as a long-term strategy. Today, let’s look at three large cap stocks that trade on the Toronto Stock Exchange (TSX).
Suncor Energy Inc (TSX:SU)
One of Canada’s biggest energy companies, Suncor has a market cap of C$59 billion. The SU stock closed Wednesday at C$41.27.
Suncor’s dividend yield is over four per cent and its quarterly dividend is C$0.42. The stock has gained nearly 55 per cent in a year.
Also read: Dollarama (DOL) & Metro (MRU): 2 TSX consumer stocks in green YTD
Barrick Gold Corporation (TSX:ABX)
One of the biggest gold producers in the world, Barrick Gold has a market cap of C$55 billion and its stock last closed at C$31.01. Barrick’s return on equity is 8.62 per cent.
ABX spiked 28 per cent in a year. With a quarterly dividend of C$0.10, the ABX stock has a dividend yield of 1.64 per cent.
Also read: Pembina Pipeline (PPL) & Tourmaline: 2 TSX oil & gas stocks to watch
Manulife Financial Corporation (TSX:MFC)
Manulife is in the business of insurance and wealth management and has a market capitalization of C$52 billion. On Wednesday, its stock gained nearly 0.6 per cent to close at C$26.91.
The MFC stock’s five-year dividend growth is 5.74. The stock is up nearly 12 per cent year-to-date. On March 10, the company hosted Nobel laureate Malala Yousafzai to speak on the importance of learning lifelong, education and empowerment.
Also read: POET (PTK) & WeCommerce Holdings (WE): 2 TSXV tech stocks to explore
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Bottom line
With the exception of Manulife, the above stocks have gained over the last year. However, the MFC stock is on the up on a year-to-date basis. As we bid goodbye to Q3 and enter Q4, these three TSX make for an interesting watch. These three stocks come with dividends.
Also read: BCE Inc (TSX:BCE) & TELUS (TSX:T): 2 communication stocks to consider
