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Investing in fundamentally strong, high-yield dividend stocks would be an excellent strategy for earning steady passive income regardless of market volatility. Against this backdrop, here are four bargain Canadian stocks with over 6% dividend yield to consider now.
SmartCentres Real Estate Investment Trust
REITs (real estate investment trusts) have high payout ratios, making them attractive investment options for investors seeking dividend income. Among the top REITs listed on the TSX, investors could consider SmartCentres Real Estate Investment Trust (TSX:SRU.UN) for its high yield and discounted valuation.
SmartCentres owns a resilient portfolio of real estate assets that generate strong same-property net operating income, enabling it to easily cover its payouts. SmartCentres offers a monthly dividend of $0.154 per share, translating into a lucrative yield of over 8% based on its closing…
