Here Are My Top 5 Dividend Aristocrats to Buy Right Now
Here Are My Top 5 Dividend Aristocrats to Buy Right Now
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 companyâs financial flexibility to thrive during the crisis, and managementâs strategy to tackle the headwinds. I have identified five dividend aristocrats that have fallen to their lows despite strong fundamentals because of sector weakness.
投資股票並不總是與時機有關，而是與持股有關。要找到可以買入和持有的股票，需要研究商業模式、財務報表、股價下跌的原因、公司在危機期間蓬勃發展的財務靈活性以及管理層應對不利因素的戰略。我已經確定了五位股息貴族由於行業疲軟而跌至低點，儘管基本面強勁。
Top five dividend aristocrats to buy now
現在最值得購買的五大股息貴族
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.
當股息股票表現出數十年的增長並在危機期間表現出穩定性時，它就會成爲貴族。您可以將這些股票投資於註冊退休儲蓄計劃（RRSP），並且可以放心在所有經濟情況下獲得經通脹調整後的被動收入。如果發生重大危機，這些股票可能會將股息增長暫停幾年，並在塵埃落定後恢復。
Dividend aristocrats with yields above 6%
收益率超過6％的股息貴族
BCE â 8.8%
公元前 8.8%
Speaking of dividend aristocrats, let us get the elephant out of the room. BCEâs (TSX:BCE) tussle with the telecom regulator, followed by 6,000-plus job cuts, has not portrayed a good image. At the same time, BCEâs 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.
說到股息貴族，讓我們把大象趕出房間。BCEA（多倫多證券交易所股票代碼：BCE）與電信監管機構的爭鬥，隨後裁員6,000多人，但並未描繪出良好的形象。同時，BCEA對移動套餐的激進降價並未受到投資者的歡迎。除此之外，它的高槓杆率是由於其加快了推出5G基礎設施的資本支出。
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 BCEâs promotional pricing.
所有這些都給其自由現金流（FCF）帶來了向下壓力。去年，該公司使用FCF的113％來支付股息。儘管如此，它在2024年將每股股息增長了3％。對於電信公司來說，這是充滿挑戰的一年，因爲它正在進行重組。它正在關閉廣播和電子商店等低迴報業務，專注於高回報的雲、安全和數字廣告業務。重組成本可能會將其2024年的FCF減少3％至11％，並將其股息支付率提高到110％以上。但是，隨着減息和暫停BCEA的促銷定價，事情已經開始安定下來。
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.
該電信公司在過去的危機中反彈。它完全有能力抵禦當前的危機，順應5G浪潮。您可以利用其股價從峯值下跌38％，鎖定8.8％的收益率。
Enbridge â 7.3%
Enbridge a7.3%
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（多倫多證券交易所股票代碼：ENB）的處境要好於BCE，其股息支付率在60％至70％的目標區間內。這家管道公司正在完成對三家美國天然氣公用事業公司的收購，這些公用事業公司將增加其FCF。儘管此次收購將增加其債務，但管道運營商將在前兩年分配資源以減少債務。因此，自疫情以來，管道運營商的股息增長率一直沒有提高到3％以上（大流行前的10％）。一旦它降低了債務水平，股息增長率的任何加速都可能在2025年之後出現。
The stock is a buy anytime between a $45-$50 stock price, as that can help you lock in over a 7% dividend yield.
可以在45-50美元的股價之間隨時買入該股票，因爲這可以幫助您鎖定超過7％的股息收益率。
CT REIT â 6.5%
Ct 房地產投資信託基金 a6.5%
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.
康涅狄格州房地產投資信託基金（多倫多證券交易所股票代碼：Crt.un）是爲數不多的年發行量增長3％的房地產投資信託基金之一，其入住率爲99.5％。它收購、開發和強化加拿大輪胎門店。由於母公司佔用這些門店，房地產投資信託基金不必擔心尋找租戶或租戶支付租金。兩者之間的協議允許Ct REIT每年將其租金提高1.5％。新的和強化的門店也吸引了更高的租金，這使Ct REIT能夠在降低派息率的同時擴大其分銷量。
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%.
至於其債務狀況，其債務中有99.7％是純息無抵押債務，100％的債務是固定利率。儘管高利率並未影響其資產負債表，但房地產公允市場價值的下降拉低了其單價，使收益率上漲至6.5％。
Dividend aristocrats with yields below 6%
收益率低於6％的股息貴族
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.
除了上述股票外，加拿大輪胎憑藉其數十年的股息增長，也是您被動收益投資組合的不錯補充。該零售商提供的收益率爲4.9％。加拿大公用事業公司是另一個不錯的選擇，收益率爲5.9％。
The post Here Are My Top 5 Dividend Aristocrats to Buy Right Now appeared first on The Motley Fool Canada.
《這是我現在最值得購買的五大股息貴族》一文首次出現在《加拿大Motley Fool》上。