Written by Christopher Liew, CFA at The Motley Fool Canada
Rising bond yields are headwinds for stocks, although the impact is hardly felt or negligible in the energy sector. Thus far in 2024, energy has outperformed with its nearly 20% year-to-date gain. Moreover, three Canadian stocks stand out for their market-beating returns and generous dividends.
Paramount Resources (TSX:POU), Headwater Exploration (TSX:HWX), and Gibson Energy (TSX:GEI) contradict the relationship between bonds and stocks. Despite the threat of rising bond yields, these dividend payers are too good to ignore for income-focused investors.
Top growth stock
Paramount Resources ranked number one in the 2023 TSX List, the flagship program for Canada’s top growth stocks. At $31.98 per share, current investors enjoy a 25.6% year-to-date gain on top of the 4.92% dividend yield. This energy stock rewarded investors with a 224.6% return in three…
