Here Are My Top 5 Dividend Aristocrats to Buy Right Now
Here Are My Top 5 Dividend Aristocrats to Buy Right Now
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Investing in stocks is not always about timing but about holding. Finding stocks you can buy and hold requires studying the business model, financial statements, cause of stock price decline, the company's financial flexibility to thrive during the crisis, and management's strategy to tackle the headwinds. I have identified five dividend aristocrats that have fallen to their lows despite strong fundamentals because of sector weakness.
股票投资并不总是关于时间,而是关于持有。寻找你可以买入并持有的股票需要研究其业务模型、基本报表、股价下跌的原因、公司在危机期间保持财务灵活性的能力以及管理层应对挑战的策略。我已经找到了五个分红贵族,尽管由于板块弱势而跌到谷底,但其基本面强劲。
Top five dividend aristocrats to buy now
现在买入的前五只股息贵族股票
A dividend stock becomes an aristocrat when it shows growth over decades and stability during a crisis. These are the stocks you can invest in your Registered Retirement Savings Plan (RRSP) and be assured of getting an inflation-adjusted passive income in all economic situations. If there is a significant crisis, these stocks will likely pause their dividend growth for a few years and resume when the dust settles.
只有在数十年的成长过程中并能在危机期间保持稳定的股票才能成为股息贵族。这些是你可以投资于注册养老储蓄计划(RRSP)中,并确信在所有经济情况下获得通胀调整的被动收入的股票。如果出现重大危机,这些股票可能会暂停其股息增长几年,并在尘埃落定后恢复增长。
Dividend aristocrats with yields above 6%
股息贵族的收益率超过6%
BCE – 8.8%
BCE - 8.8%
Speaking of dividend aristocrats, let us get the elephant out of the room. BCE's (TSX:BCE) tussle with the telecom regulator, followed by 6,000-plus job cuts, has not portrayed a good image. At the same time, BCE's aggressive price cuts in mobile plans were not welcomed by investors. Add to this, its high leverage because of its accelerated capital spending to roll out 5G infrastructure.
说到分红贵族,让我们把大象搬出房间吧。BCE(TSX:BCE)与电信监管机构的争斗之后,裁员逾6000人,形象不佳。同时,由于加速投资于建设5g概念的基础设施,BCE的移动计划价格削减举措也未受到投资者的欢迎。此外,由于高杠杆比率,BCE的自由现金流(FCF)受到压力。
All this has put downward pressure on its free cash flow (FCF). Last year, the company used 113% of FCF to pay dividends. Despite this, it grew dividends per share by 3% in 2024. It is a challenging year for the telco as it is undergoing a restructuring. It is closing its low-returns businesses, like radio and electronic stores to focus on high-returns cloud, security, and digital advertisement business. The restructuring cost could reduce its 2024 FCF by 3 to 11% and balloon its dividend payout ratio beyond 110%. However, things have begun to settle with interest rate cuts and a pause on BCE's promotional pricing.
所有板块都受到了这种自由现金流 (FCF) 的下压。去年,该公司使用了113%的FCF来支付股息。尽管如此,他们在2024年每股股息上增长了3%。对于电信公司来说,2024年是一个充满挑战的年份,正在进行重组。它正在关闭低回报业务(如广播和电子商店),专注于高回报的云、安全和数字广告业务。重组成本可能会将其2024年自由现金流降低3%至11%,并将其股息支付比率膨胀到110%以上。但是随着利率下调和BCE停止促销价格,情况已经开始稳定。
The telco has bounced back in past crises. It is well-positioned to withstand the current crisis and ride the 5G wave. You can take advantage of its stock price, down 38% from its peak, and lock in an 8.8% yield.
该电信公司曾在过去的危机中反弹。它处于很好的位置,可以承受当前危机并乘上5G的浪潮。您可以利用其股价下跌至峰值的38%,并锁定8.8%的收益率。
Enbridge – 7.3%
Enbridge - 7.3%
Enbridge (TSX:ENB) is in a better spot than BCE, with its dividend payout ratio within its targeted range of 60 to 70%. The pipeline company is completing the acquisition of three US gas utilities that are accretive to its FCF. While the acquisition will increase its debt, the pipeline operator will allocate resources to reduce debt in the first two years. Hence, the pipeline operator has not increased its dividend growth rate beyond 3% since the pandemic (from 10% pre-pandemic). Any acceleration in the dividend growth rate will likely come past 2025 once it has lowered its debt level.
Enbridge(TSX:ENB)比BCE更有优势,其股息支付比率在目标范围60-70%内。该管道公司正在完成收购三家对其自由现金流有增值效应的美国燃气公司。虽然收购将增加其债务,但管道运营商将分配资源以在前两年内减轻债务。因此,自疫情爆发以来(从疫情前的10%)管道运营商举措加速,将会加速其股息增长率,该股息增长率可能会在2025年后出现。
The stock is a buy anytime between a $45-$50 stock price, as that can help you lock in over a 7% dividend yield.
在45-50美元的股价范围内买入该股票,这可以帮助您锁定超过7%的股息收益率。
CT REIT - 6.5%
Ct REIt - 6.5%
CT REIT(TSX:CRT.UN) is among the few REITs that have been growing its distributions annually by 3% as it enjoys a 99.5% occupancy. It acquires, develops, and intensifies Canadian Tire stores. Since the parent occupies these stores, the REIT doesnât have to worry about finding a tenant or the tenant paying rent. The agreement between the two allows CT REIT to increase its rent by 1.5% annually. New and intensified stores also attract higher rent, allowing CT REIT to grow its distribution while reducing its payout ratio.
Ct REIT(TSX:CRt.UN)是少数每年增长3%的房地产投资信托的其中之一,其占有率达99.5%。它收购、开发并加强加拿大轮胎商店。由于母公司占据了这些店面,REIt不必担心找租户或租户支付租金的问题。两者之间的协议允许Ct REIt每年将租金提高1.5%。新的和加强的商店还会吸引更高的租金,这使得Ct REIt可以在降低其支付比率的同时增加其分配。
As for its debt profile, 99.7% of its debt is interest-only unsecured debt, and 100% of its debt is fixed rate. While the high interest rate did not impact its balance sheet, the decline in the fair market value of properties pulled down its unit price, inflating the yield to 6.5%.
至于其债务概况,99.7%的债务是利息支付的无抵押债务,100%的债务是固定利率。尽管高利率没有影响到其资产负债表,但属性公允市场价值的下降拉低了其单位价格,使其收益率膨胀至6.5%。
Dividend aristocrats with yields below 6%
收益率低于6%的股息贵族
Beyond the above stocks, Canadian Tire is also a good addition to your passive income portfolio, with its decades of dividend growth. The retailer is offering a 4.9% yield. Canadian Utilities is another good addition with a 5.9% yield.
除上述股票外,加拿大轮胎也是您被动收入组合的不错选择,拥有数十年的分红增长。这家零售商提供了4.9%的收益率。加拿大公用事业公司是另一种不错的选择,其收益率为5.9%。
The post Here Are My Top 5 Dividend Aristocrats to Buy Right Now appeared first on The Motley Fool Canada.
这是我现在购买的前五只股息贵族股票