Canadian Dividend Stocks Crashing May 2024

From Canadian Bank Stocks Like TD To Telecom Giants Like Bell These Dividend Stock Are Crashing And Present A Huge Buying Opportunity with Yields Over 8% Lets Review These Stocks To Buy Now

Timestamps:
00:00 Intro to Canadian Dividend Stock
00:50 Telus And Bell Stock BCE Dividend Yield 8%
04:52 TD Bank Stock Crashing Yield 5%
08:50 Enbridge And Canadian Natural Resources

I AM NOT A FINANCIAL ADVISOR THIS VIDEO IS FOR ENTERTAINMENT ONLY AND SHOULD NEVER BE TAKEN AS INVESTMENT ADVICE.

#stockstobuy #canadiandividendstocks #dividendstocks #passiveincome #canadianstocks #canadianinvesting

[johnsonstrapsman]

Great video! I really do have a quick question. For someone with less than $10, 000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?

[scottjackson]

Canadian Natural Resources has over 40 years of oil reserves. That means without spending another penny on exploration they can pump out oil for the next 40 years and return to shareholders. 100% as you quoted. Commodities are cyclical and there are different key measurements when evaluating. Maybe you know this? Not sure? Don’t just look at the 1 quarter result. I would suggest following Eric Nuttal who is one of Canada’s leading investment advisor.

[SofiaDiego-]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.

[gimusk]

TD will rally hard when the news passes, buy buy buy

[peterprevost]

got me 44 shares of TD @ $75!! Buying during these big dips usually yields me pretty good returns!!
as it done with BNS
i can hold for years! Hope it dips again lol

[dontrinh]

CNQ is also benefitting from the trans mountain pipeline right? That pipeline just went into play this May.

[SteveB.-iibw]

BMO's ZWU ETF holds 30+ telcos, utilities, and pipelines and pays monthly distributions that amount to 8.5%/yr. The ETF is at a 13-year low. You're correct, don't worry about the stock prices, just rake in the distributions for years...people can't/won't live without any of the products/services these companies provide. Can't understand why so many people chase risky stocks.

[JohnPong-lyzg]

100% free cashflow to shareholders? Are they trying to self cannibalize themselves? That's horrible! They don't have a buffer in the event of a emergency.

[DanielH]

I wonder if BCE can hold an 8% yield. They have already fired ~5000 staff members and cut costs wherever they could. Not much fat left to trim and a lot of Canadians are broke so cutting cable is a logical first step to save some money. Many of the immigrants coming to Canada are poor college students. They are not getting cable and many will do whatever they can to bum free wifi. They will have to adapt to losing most of a major revenue stream. Most people I know under 40 don't have cable. Older folks are more likely to have cable but that cohort is aging and dying off..

[shakeypudding]

Don’t buy TD as the overhang is huge because of the money laundering fine. BCE May ending up cutting their dividend because of poor FCF. The only buy is CNQ but they are limited because they have made a great move since January.