This year could see a reshuffle in the TSX trend going on since 2022. The high-leverage companies and those dealing in discretionary products went through a downturn as rising interest rates and higher prices made the business environment unconducive. However, 2025 could see a shake-up as falling interest rates give the chief financial officers stability around planning debt management strategies. This reversal in trend has created an opportunity to buy a dividend stock at the dip and grab a 7.9% yield before the yield reduces.
A 7.9% dividend yield to grab before it reduces
Telus (TSX:T) is a good dividend option to stock up, given its third-quarter dividend-payout ratio of 77%. The stock has had a rough two years servicing its $28 billion debt as interest rates kept rising. The management is restructuring the company and looking to cut costs.
Telus stock is trading below its pandemic low and could see a reversal in its trend as…
