4 Bargain Canadian Stocks with Dividends Up to 5.7%

Looking for a bargain? That’s certainly easier said than done. While many stocks are down right now and some are on the upswing, it’s still unclear which ones are bargains and which aren’t. To do that, we need to dig deeper. To look for the fundamentals and the momentum that might lead us to believe we’re looking at a bargain stock.

Today, let’s take a look at four that offer an opportunity. Offering growth, long-term returns, and dividends, these four stocks are great options for your portfolio.

Hydro One

Hydro One (TSX:H) is a stable and reliable utility company with a monopoly on the transmission and distribution of electricity in Ontario. The company’s monopoly position in the Ontario electricity market, combined with its regulated revenue model, makes it a low-risk investment. Additionally, the company’s ongoing infrastructure improvements and commitment to dividend growth provide a compelling case for investment.

Hydro One’s revenue model is predominantly regulated, providing a steady cash flow and low earnings volatility. This is key to the stability and growth of its dividend. In addition, the company continually invests in the modernization and expansion of its infrastructure, which increases operational efficiency and reliability.

In terms of dividends, Hydro One has a history of increasing dividends, supported by consistent earnings and a strong balance sheet. The current yield of 2.99% is certainly still attractive to income investors.

Brookfield Infrastructure Partners

Another winner in the usability category, Brookfield Infrastructure Partners (TSX:BIP.UN) is a diversified global infrastructure company with a portfolio that includes utilities, transportation, energy and data infrastructure. Its diversified assets and global presence provide stability and growth potential.

BIP.UN’s assets span multiple infrastructure sectors and geographies, reducing risk and increasing stability. This diversification allows the company to capitalize on global infrastructure needs. Furthermore, the company has demonstrated consistent financial performance, driven by both organic growth and strategic acquisitions.

BIP.UN currently offers an attractive dividend yield of 5.2%, supported by strong cash flow generation from a diverse asset base. So, the portfolio’s diversified and resilient nature, coupled with its strong financial performance and attractive dividend yield, make it an excellent choice for investors looking for stable income and growth potential.

Canada Energy Corporation

Then we have Canada Energy Corporation (TSX:POW), a diversified international management and holding company with interests in financial services, renewable energy and other business sectors. Its diversified operations provide stable cash flows and growth opportunities.

Power Corporation’s investments in financial services (including insurance and asset management) and renewable energy provide a balanced and diversified income stream. The company also has a solid dividend history, with a current yield of 5.7%, making it an attractive option for investors looking for income.

Power Corporation continues to make strategic investments in high-growth sectors, increasing its long-term growth potential. Overall, its diversified portfolio and high dividend yield make it an attractive investment for those looking for a combination of income and growth. Along with the company’s strategic focus on high-growth sectors, this further increases its attractiveness to investors.

AGF Management Limited

At the end we have AGF Management Limited (TSX:AGF.B), an independent asset manager with a broad range of investment solutions. The firm’s focus on diversified investment products and active management has delivered consistent results.

AGF’s comprehensive suite of investment products and solutions appeals to a diverse client base, generating consistent revenues and profits. The company has a strong track record of paying consistent dividends, with a current yield of 5.6%, which is attractive to income-oriented investors.

AGF invests in innovative products and expands its global presence, positioning itself for future growth. All together, the company’s strong asset management business, combined with its consistent dividend payments and growth initiatives, make it an attractive investment for those seeking income and long-term growth potential.

Summary

Investing in these four stocks provides a balanced mix of stability, income and growth potential. Each company offers unique strengths. Whether it’s the regulated monopoly of Hydro One, the diversified infrastructure portfolio of BIP.UN, the strategic investments of POW or the solid asset management business of AGF. Together, these investments should certainly complement any diversified investment portfolio.