Everywhere the market goes I buy these TSX dividend stocks


Canadian markets in general are up nearly 50% since the record lows in March. While some see the markets bracing for a crash, I think it is not a crash, but equity valuations indicate an imminent correction. However, at the same time, some stocks are still trading well below their fair value. So if you have the money here are three TSX stocks that could stay strong wherever the market goes.


Directed by Warren Buffett Berkshire Hathaway revealed his stake in a gold miner Barrick Gold last month. However, some gold miner stocks appear superior to Barrick. Consider relatively smaller B2Gold (TSX: BTO) (NYSE: BTG) long term.

It is up more than 70% this year, beating the shares of gold miners. In particular, the B2Gold share has clearly outperformed its peers over the past 10 years.

B2Gold is a $ 9 billion Canadian mining company that operates mines in Mali, Colombia and Burkina Faso. It has seen a solid increase in its profits thanks to higher production and rising gold prices in recent years. Higher gold production and price outlook should keep BTO stocks higher at least in 2020. The stock returns 1.3%, above its peers.

Interestingly, like the gold mining stocks of peers, B2Gold also looks expensive after the recent rally. However, higher earnings growth prospects supported by a bullish outlook for gold justifies the premium valuation.

Communications de Rogers

The nation’s biggest telecommunications stock has been largely tied to the fork over the past five months. Communications de Rogers (TSX: RCI.B) (NYSE: RCI) is a $ 30 billion company that generates revenue from its wireless, cable and media businesses.

Rogers recently announced that it has expanded its 5G network to more than 50 cities across the country. It is far ahead in the 5G race compared to its peers and could see an increase in the subscriber base mainly due to its first-come advantage. The emerging 5G technology could open up a lot of opportunities for the world and the telecom sector will take center stage.

It reported $ 6.5 billion in revenue for the first half of 2020, an 11% drop from the same period last year. The wireless segment contributes almost two-thirds of its total revenues, while cable and media companies contribute the rest.

Rogers stocks are returning 3.5%, in line with TSX stocks generally. Its updated valuation and fair return make it attractive in the current situation.

TC Energy

Intermediate energy giant TC Energy (TSX: TRP) (NYSE: TRP) is my third choice for current markets. TC Energy of $ 57 billion slightly outperformed its peers Enbridge over the past 10 years. Although its performance is lower than that of Enbridge, TC Energy’s updated valuation should be more attractive to sophisticated investors.

Besides oil and gas halfway, TC Energy is also involved in power generation. It generates stable cash flow which allows for stable dividends, unlike oil producing companies.

TC Energy stock is expected to pay dividends of $ 3.24 per share in 2020. This indicates a 5.3% dividend yield, significantly higher than that of TSX stocks as a whole. He has increased dividends for the past 20 consecutive years.

The energy infrastructure giant plans to invest $ 37.2 billion in capital projects through 2023. It is expected to expand its pipeline network and further strengthen its connectivity to major markets.

TC Energy may not be the type of stocks that generate wealth in a shorter period of time, but it will bring unparalleled stability to your portfolio.

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Fool contributor Vineet Kulkarni has no position in any of the stocks mentioned. The Motley Fool owns shares and recommends Berkshire Hathaway (B shares) and Enbridge. The Motley Fool recommends ROGERS COMMUNICATIONS INC. CL B NV and recommends the following options: long January 2021 calls $ 200 on Berkshire Hathaway (B shares), short January 2021 $ 200 put on Berkshire Hathaway (B shares) and short September 2020 calls $ 200 on Berkshire Hathaway (B shares) .


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