However, he believes Canadian investors should expect some reversal given the reversal in macroeconomic conditions we’ve seen over the past two years. “We lived in a world with virtually zero interest rates,” Raina says. Canadian investors needed to tackle more risk to get reasonable returns on their investments.
Today, investors can find virtually risk-free investments with 5% returns. This will reshuffle the cards somewhat.
“The raw materials companies are emerging [with better scores] from a valuation perspective,” says Raina. “It could well [investment gains] Because if interest rates fall and the US dollar in particular falls, that could give some of these commodity stocks a tailwind.”
Those on the lookout for more sector diversification should try our B-list. These stocks are almost as promising based on our criteria and can assist fill any gaps in your portfolio with their greater industry diversity. (As our summary of past dividend performance shows, last 12 months’s B-list actually far outperformed the A-list.)
The numbers appear to say that 2024 may very well be a 12 months wherein we concentrate on natural resources. “In this [process]I’m not attempting to skew it to get a specific result. We’re just running the aspects and whatever comes out comes out,” says Raina. “The theme is that commodity stocks could also be undervalued without delay and present a possibility.”
The MoneyDown A-Team and B-Team Dividend Stocks for 2024
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Top Dividends A-Team
Top Dividends B Team
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