Amid monetary easing initiatives by the central banks of the United States and Canada, the S&P/TSX Composite Index is up 16% this year. However, yesterday, the Labor Department of the United States announced that the annual inflation rate in September rose 2.4%, which was 0.1% higher than analysts’ projections. Higher inflation could slow down the central banks’ monetary easing initiatives. Further, the ongoing Middle East conflict is also a cause of concern.
If you are also worried about the uncertain outlook, you can buy the following three dividend stocks that have doubled their payouts over the last five years, indicating the strength of their financials. These stocks can provide stability to your portfolio.
goeasy
goeasy (TSX:GSY) is a financial services company offering lending and leasing services to subprime customers. The lender provides various products covering the entire non-prime credit market, allowing it to grow…
