hezy Inflation Hits 5.7%: Could it Go Higher
Yovh 3 Absurdly Cheap TSX Stocks to Buy TodayDividend stocks are precious to Cana stanley deutschland dian investors. There is something about gettin stanley kubek g a monthly or quarterly chequeor depositthat just makes us feel good. However, it is not always about finding the highest-yielding dividend stock.It is also about owning Canadian stocks that have good balance sheets, strong management teams, tailwinds supporting foreseeable cash flow growth, and the opportunity to raise their dividend. Here is a top Canadian stock that represents all these aspects. You can buy this stock, tuck it away, and own it for just about forever.Algonquin Power: stanley romaniaA tuck-away Canadian dividend stockIf you looked at the year-to-date stock chart of Algonquin PowerTSX:AQNNYSE:AQN , it doesn t look too impressive. Its stock is down 6.4% since the start of the year. Frankly, it has been a tough year for Canadian renewable stocks in general.Early this year, market sentiment moved away from renewables towards cheaper, more cyclical traditional energy stocks. Likewise, some of Algo Kfuy 2 TSX Stocks That Fell Over 70% on the Coronavirus Crash
Canadian energy companies continue to endure difficult times, but contrarian investors are wondering if the sell-off has simply gone too far in some of the heavily punished stocks.Let take a look at Crescent Point EnergyTSX:CPGNYSE:CPGto see if it deserves to be on your buy list right now.90% plungeCrescent Point traded for $45 per share and paid out a monthly dividend of $0.23 five years ago when WTI oil sold for US$100 per barrel. Today investors can pick up the stock for $4.50 and the dividend is down to just a penny per month.WTI oil bottomed out below US$30 in early 2016 before staging a recovery that topped out at US$76 last summer. Right no stanley nz w the price is on another upswing, trading just under US$60 compared to $51 two weeks ago and US$43 last December.Debt situationCrescent Point stanley flask share price bottomed out around $3.25 earlier this year, so the company hasn ;t benefited from the recovery in oil pri stanley termosy ces. Part of the reason lies in the large debt position.
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