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Finding dividend stocks that trade at excellent valuations is what long-term investors should be focused on. Those looking to create passive-income streams in retirement but still care about capital appreciation can benefit most from owning undervalued dividend-paying companies.
Of course, creating a list of the best such stocks to buy in any market environment can be challenging. However, the good news is that the TSX is full of such companies, and I’m building my watch list of undervalued dividend stocks right now.
There are three names I’ve got on my radar that investors may want to dive into: SmartCentres REIT (TSX:SRU.UN), Dream Industrial REIT (TSX:DIR.UN), and Fortis (TSX:FTS).
Here’s why.
SmartCentres REIT
For investors seeking monthly income, SmartCentres REIT is a top choice. SmartCentres is among Canada’s largest and most popular real estate investment trusts (REITs), with a…
