Kalkine Media explores 5 TSX Dividend stocks to watch in a bear market

Follow us on Google News:
 Kalkine Media explores 5 TSX Dividend stocks to watch in a bear market
Image source: © Solarseven | Megapixl.com

Highlights

  • In Q3 2022, Tourmaline’s revenue was C$ 1,743.85 million.
  • On September 30, 2022, TELUS’ net income was C$ 551 million.
  • Northland Power’s operating income in Q3 2022 was C$ 216.46 million.

With higher interest rates and inflation on the go, the market tends to experience a bear trend. The market outlook in the short run may appear to be hazy but with a long-term approach, investors can get clarity on their returns. During a downturn, investors may select their stocks and get dividends on them. This may work as an effective move in the direction of stabilizing the portfolio.

Dividends are paid from the profits made by the company and are usually paid on a quarterly/monthly basis. Investors can do their research and select the dividend stocks that suit their investment goals. Selecting a company based on speculation may be misleading. Every investor has different investment needs and risk appetite. No one stock can solve the purpose of the traders. Hence, look for what is most suitable for your investment needs.

Apart from looking at the financials of the company, make sure to study the company valuations and past performance and the market factors affecting the stock prices. The combination of all these factors can lead to a well-balanced portfolio.

Let us explore five TSX dividend stocks with their financial performance in recent quarters:

  1. Tourmaline Oil Corp. (TSX: TOU)  

Tourmaline Oil Corp. is a Canadian energy company that is engaged in the acquisition, development, and exploration, of natural gas and crude oil.  

In Q3 2022, Tourmaline’s revenue rose to C$ 1.743 billion (44 per cent increase) from C$ 1.213 billion in the year-ago quarter. The cash flow too increased to C$ 1.051 billion from C$ 761.33 million for the same comparative period.

The net earnings soared to C$ 2.097 billion from C$ 361.05 million. The net debt lowered to C$ 564.6 million from C$ 1,465.09 million. The company distributes C$ 0.25 as a dividend per share on a quarterly basis. Further, it posted its three-year dividend growth at 58.38 per cent.

On November 11, 2022, Tourmaline’s stock price was at C$ 80.04.

 

  1. BCE Inc. (TSX: BCE)

BCE Inc( TSX BCE ). is a service provider in Canada that provides broadband, internet, television, and wireless services. The company operates as a national wireless carrier with about 30 per cent share of the market.

In Q3 2022, BCE’s operating revenue grew to C$ 6,024 million from C$ 5,836 million in Q3 2021. The adjusted net earnings for the company rose to C$ 801 million from C$ 748 million for the same comparative period. The adjusted EBITDA grew 1.2 per cent from C$ 2,588 million in the same quarter the previous year.

The adjusted EPS (earnings per share) increased to C$ 0.88 from C$ 0.82. The cash flow from operating activities rose to C$ 1,996 million from C$ 1,774 million. The FCF (free cash flow) also increased to C$ 642 million from C$ 566 million.

BCE Inc. pays a quarterly dividend of C$ 0.92 per share. Presently, the EPS is C$ 3.09.

  1. Granite Real Estate Investment Trust (TSX: GRT.UN)

Granite Real Estate Investment Trust (TSX: GRT.UN) is engaged in management, development, and acquisition of primarily industrial properties in Europe and North America. The company’s portfolio includes warehouse and logistics, manufacturing corporate office, and product engineering facilities.

As of September 30, 2022, Granite’s net operating income is C$ 94 million from C$ 84.5 million at the same time of the previous year. The revenue rose to C$ 111.6 million from C$ 98.3 million for the same comparative period. The funds from operation also grew to C$ 70.7 million from C$ 65.2 million.  The EPS of the company is C$ 8.95 with a monthly dividend of C$ 0.258 per share. Granite real estate witnessed its five-year dividend growth at 2.33 per cent.

The dividend yield of TOU, BCE, GRT.UN, T and NPI:

  1. TELUS Corporation (TSX: T)

TELUS Corporation is a Canadian wireless service providers that constitutes 30 per cent share of the total market. The company provides landline phone services, television, and internet services.

As of September 30, 2022, the operating revenue of the company was reported at C$ 4,640 million versus C$ 4,246 million on September 30, 2021. TELUS’ net income grew to C$ 551 million from C$ 358 million for the same comparative period. The EBITDA soared to C$ 1,646 million from C$ 1,496 million.

The free cash flow also increased to C$ 331 million from C$ 203 million. The basic EPS went up to C$ 0.37 from C$ 0.25. The quarterly dividend of the company was reported at C$ 0.351 per share with a five-year dividend growth of 6.11 per cent. The P/E (price-to-earnings) ratio is at 19.90.

On September 1, 2022, TELUS Corporation acquired LifeWorks Inc.

  1. Northland Power Inc. (TSX: NPI)

Northland Power Inc. is engaged in constructing and developing infrastructure assets across a range of clean and green technologies. These technologies include solar and wind, through regulated utilities.

In Q3 2022, the sales rose to C$ 555.85 million from C$ 432.07 million in Q3 2021. The gross profit also increased to C$ 484.1 million from C$ 383 million for the same comparative period. The net income was reported at C$ 76 million versus a net loss of C$ five million. The operating income grew to C$ 216.46 million from C$ 89.01 million.

The cash provided by operating activities soared to C$ 523.33 million from C$ 280.39 million. Northland Power distributes a monthly dividend of C$ 0.10 per share with an EPS of C$ 2.49.  

 

Bottom Line

During bear market, many companies that are less prone to economic fluctuations may offer stable dividends. Ensure to check with such companies to reposition your portfolio and start walking on the path of growing wealth.

Align your investment goals with the stocks you choose so that any deviation in the long run can be eliminated. Especially during a volatile market, be clear with your approach and make the required changes to stabilize your investment.   

 

Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

 

 

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK