These five Canadian companies have established businesses with long-term growth opportunities and could form a solid foundation for a patient portfolio.
Rogers may not offer the highest telecom dividend yield, but its improving cash flow, lower capital spending, and valuable sports assets make it my preferred choice over Telus and BCE right now.
Idle cash loses purchasing power to inflation. Capital Power stock offers investors a 4.6% yield, dividend hikes, and capital gains potential to build real wealth.
A $5,000 investment split between these two Canadian stocks could generate roughly $222.50 in dividend income while keeping investors exposed to two major energy infrastructure businesses.
Celestica has been a phenomenal stock over the last five years, but future gains depend on the company meeting high earnings forecasts and sustaining demand.