Investing in Canadian Dividend Kings (often called Dividend Aristocrats) is always a popular strategy when high-flying assets get pulled back down to Earth. I bet there are a lot of Tesla and Shopify shareholders right now that like the sounds of stable, dependable profit growth!
On the other hand, it’s not quite as easy to keep that conviction when you see an innovative stock like Nvidia go stratospheric. The challenge of being a dividend investor is to remain consistent in all market conditions. Click here to jump directly to my 2024 picks.
So far, 2024 hasn’t exactly been a banner year for Canadian dividend kings. If we use the S&P/TSX Canadian Dividend Aristocrats Index as our measuring stick, we see that it is about even on the year so far. That said, the dividend yield on that index is about 4%, so we’re still “in the black”. The S&P/TSX Composite Index has done slightly better so far this year, as it’s…
