High-Yield & REITs 841

These two recommendations have above-average dividend yields, providing additional cash flow to your holdings.

*BCE Inc. (BCE)
BCE is Canada’s largest communications company, providing a comprehensive suite of broadband, mobile, landline, and cable communication services to residential and business customers through Bell Canada and Bell Aliant.

The chart looks very choppy but the stock has gradually moved up in recent weeks, although it is still off its 52-week high of $60.14.

Net earnings attributable to common shareholders totalled $642 million, ($0.71 per share), down 5.3%. The decrease was due to higher severance, acquisition, and other costs as well as higher depreciation and amortization expenses.

The company’s balance sheet is in good shape, with $6.5 billion in available liquidity at quarter-end.

BCE raised its quarterly dividend by 5% to $0.875 per share ($3.50 a year), effective with the March payment. The stock yields 5.9% at the current price.

The company is forecasting revenue growth of 2-5% this year. Adjusted earnings per share are projected to increase 1-6%.

Gordon Pape, Income Investor, buildingwealth.ca, 1-888-287-8229, May 13, 2021

AGNC Investment Corp. (AGNC)| Daily Alert May 17
Mortgage REIT (Real Estate Investment Trust) AGNC Investment Corp. has been in an uptrend for over a year that has steepened over the past couple of weeks.

AGNC will benefit from a stronger economy (as demand for mortgages increases) as well as rising interest rates and has been moving higher in anticipation. In the past few weeks, a stronger economy and likely rising rates have become more of a reality, and the stock is reacting accordingly.

I expect more of the same over the course of the year. BUY
Tom Hutchinson, Cabot Dividend Investor, cabotwealth.com, 978-745-5532, May 5, 2021


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