Dividend stocks were therefore my main source of passive income research during these difficult times. Fortunately, there are a number of solid and stable dividends which also have a promising future after the pandemic. So let’s take a look at a few.
Canadian natural resources
Canadian Natural Resources Ltd (TSX: CNQ) (NYSE: CNQ) has the advantage of being the largest explorer and producer of natural gas and crude oil in Canada. However, it does not only work in Canada; the company has grown in the United States, the United Kingdom and off the coast of Africa.
In North America, it has some of the best oil sands assets, with even more growth potential in the future. Fortunately, even now, he has stable income from his diversified portfolio, which means that his dividend will remain strong even in the event of a slowdown.
Over the past five years, the company has increased its dividend by an average of 16.7% per year. Today, you can get passive income of $ 1.70 per share per year, a return of 6.28% at the time of writing.
To give you an idea, before the crash, an investment of $ 10,000 would yield $ 394.40. Today, that same investment is almost double that at $ 606.90 a year.
With over $ 1 trillion in assets, Manulife Financial Corporation (TSX: MFC) (NYSE: MFC) has a lot of wealth to browse. The company is one of the country’s leading international financial services companies. He provides financial advice, insurance, and wealth and asset management solutions to individuals and businesses, a very lucrative business sector.
What makes the situation even better is that these assets are fixed income securities, representing 80% of the business. But the business is also growing. It is already in the United States and Canada, but it has also spread to Asia, where the company is expected to see even more gains.
Over the past five years, Manulife has increased its dividend by an average of 13% per year. Today, you can generate passive income of $ 1.12 per share per year, a return of 6.09% at the time of writing. Before the crash, an investment of $ 10,000 would earn you $ 403.20. Today, this same investment would bring in $ 604.80 per year.
Finally, Pembina Pipeline Corp. (TSX: PPL) (NYSE: PBA) is the ideal security for those seeking dividends from a long-term investment. The business has a lot to do today. First, it is much lower than the fair value of the share price.
Second, he secured $ 5.6 billion in growth plans to build more pipelines over the next few years to end the oil and gas glut.
Finally, the company is supported by long-term contracts that will see cash flow for decades, making its current dividend yield completely secure.
Over the past five years, Pembina has increased its dividend by an average of 8% per year. Today, you can generate passive income of $ 2.52 per share per year, or a dividend yield of 7.05% at the time of writing.
Before the crash, an investment of $ 10,000 would earn you $ 466.20.
Today, this same investment would bring in $ 720.72 per year.
Mad contributor Amy Legate-Wolfe owns shares of PEMBINA PIPELINE CORPORATION. The Motley Fool recommends PEMBINA PIPELINE CORPORATION.