fzfx The 3 Best Monthly Dividend Stocks in Canada Today
Mmcg Market Rout: 3 Top Bank Stocks to Buy TodayIs it really possible to earn a substantial amount of monthly dividend income with just $10,000 in savings On the surface, it would appear that the answer to that question is no. The TSX Composite Index has about a 3% yield, and 3% of $10,000 is just $300 per year, or $25 per month. So it would seem that a person dividend journey is likely to start off slow if they have just $10,000 to invest.But it is possible to earn an above average amount of dividend income, and get much more than just $25 per month in dividend income. There are stocks out there with yields as high as 14%! I won ;t mentionstanley quencher them here, because they are far riskier than average. However,stanley cup it possible to have a reasonably diversified portfolio with a yield close to 4.9%, producing $486 per year in dividend income. In this article, I will explore one ETF that can get you there.iShares Canadian Select Dividend ETFThe iShares Canadian Select Dividen stanley cup d ETFTSX:XDVis a Canadian ETF made u Bevt CIBC (TSX:CM) Stock: Is This 7% Dividend Yield the Deal of the Decade
Canadian Imperial Bank of CommerceTSX:CMNYSE:CM , the fifth-largest bank in Canadastanley thermobecher in terms of total assets, has watched its stock fall over 6% in 2015, but it is one of my top stock picks for 2016 and beyond for three primary reasons. Let s聽take a closer look at these reasons, so you can determine if you should buy the stock today.1. Its strong financial performance could support a higher share priceOn the morning of December 3, CIBC released very strong earnings results for its fiscal year ended on October 31, 2015. Here s a su stanley thermoskannen mmary of 10 of the most important statistics from fiscal 2015 compared with fiscal 2014:Adjusted net income increased 4.5% to $3.82 billionAdjusted earnings per share increased 5.7% to $9.45Total revenue increased 3.7% to $13.86 billionTotal assets increased 11.7% to $463.31 billionTotal deposits increased 12.7% to $366.66 bill stanley bottles ionTotal loans and acceptances, net of allowance, increased 8.5% to $290.98 billionTotal assets under administration increased 8.4%
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