Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

3 All-Star Canadian Dividend Stocks For A COVID-19 World

By Sean Mason, SmallCapPower.comStock MarketsApr 14, 2020 03:48AM ET
www.investing.com/analysis/3-allstar-canadian-dividend-stocks-for-a-covid19-world-200521518
3 All-Star Canadian Dividend Stocks For A COVID-19 World
By Sean Mason, SmallCapPower.com   |  Apr 14, 2020 03:48AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The Canadian dividend stocks on our list should do relatively well in this volatile stock market environment

SmallCapPower | April 13, 2020: Dividend stocks are always popular with income investors, especially in this lower-for-longer interest rate environment. Today we have discovered three Canadian dividend stocks, all stars among analysts, that should outperform its peers during the current COVID-19 stock market volatility.

*Share prices as at April 9, 2020

1. Intertape Polymer Group 

Intertape Polymer Group  (TSX:ITP) develops, manufactures, and sells of a variety of paper and film based pressure-sensitive and water-activated tapes, polyethylene and specialized polyolefin films, protective packaging, engineered coated products and packaging machinery for industrial and retail use. On April 8, 2020, ITP stock surged 19% after the Company announced that its North American and European manufacturing operations are open and producing, given the “essential nature” of its end markets. Intertape Polymer saw its revenue rise 10% during 2019, while its free cash flow surged nearly five fold from 2018. Intertape Polymer Group stock is currently yielding nearly 7%.

  • % Fall From 52 Week High: 41%

Intertape Polymer Group Inc Chart
Intertape Polymer Group Inc Chart

2. KP Tissue

KP Tissue (TSX:KPT) holds a limited partnership interest in Kruger Products L.P. (KPLP), a manufacturer of tissue products for household, industrial and commercial use, with well-known brands such as Cashmere, Purex, SpongeTowels, Scotties, and White Swan in Canada, as well as White Cloud in the United States. KPLP has the #1 market share for toilet paper (33.2%) and facial tissue (31.5%) in Canada and the #2 market share for paper towel (20.6%). COVID-19 has created unprecedented consumer demand for toilet paper, and KPLP announced recently that it is ramping up its production to meet this demand. KP Tissue stock is currently yielding more than 7%.

  • % Fall From 52 Week High: 15%

KP Tissue Inc Chart
KP Tissue Inc Chart

3. TELUS Corporation

Telus Corp (NYSE:TU), (TSX:T)  is a communications and information technology company with $14.7 billion in annual revenue and 15.2 million customers spanning wireless, data, IP, voice, television, entertainment, video and security. Social distancing has boosted demand for wireless data and TELUS Health is Canada’s largest healthcare IT provider with more than 26,000 Canadian healthcare professionals using TELUS Health’s electronic medical record (EMR) digital health solutions. TELUS stock currently yields more than 5% and the Company recently increased its dividend by 6.9%. TELUS closed a C$1.5 billion equity offering on February 26, 2020.

  • % Fall From 52 Week High: 20%

TELUS Corporation Chart
TELUS Corporation Chart

3 All-Star Canadian Dividend Stocks For A COVID-19 World
 

Related Articles

3 All-Star Canadian Dividend Stocks For A COVID-19 World

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email