Sunday , January 24 2021

The 3 dividend stocks You absolutely know will be bigger in 10 years

Canada's Gross Domestic Product (GDP) growth decelerated in the second quarter to just 2% yoy, compared to a 2.90% growth rate in the second quarter.

Business costs have slowed down, along with a decline in consumer spending of only 0.3% in the quarter – and keep in mind that the figures include a regular increase in household items; inflation, in other words.

But stay safe, there are always opportunities to make money on the stock market.

Take, for example, these three TSX Index indexes, all of which pay dividends and will no doubt be significantly larger companies for ten years from today.

Toronto-Dominion Bank (NYSE: TD) is the second largest bank in Canada, which makes it the second-largest company of any type in the country, second only to its rival in the banking sector, The Royal Bank of Canada.

But TD has made great strides south of the border in recent years, creating a large retail network, mainly on the east coast of the United States.

And if you did not know, Americans are in a much better position to borrow money from financial institutions these days.

Plus, TD is a much more diverse bank than in the financial crisis 2008-2009.

It will be interesting to see the next big move that TD's management team has taken with this bank.

If you read this and ask how BlackBerry Ltd (TSX: BB) (NYSE: BB) might make this list, you probably did not follow it lately.

It's just not a manufacturer of smartphones.

Under the new CEO John Chen, the water-based IT company has decided to come out of hardware in favor of focusing on power, software and security.

BlackBerry has always been revered for its leading mobile security technology and with literally millions of new devices that add to the networks every day, the strategy certainly looks like a non-brain.

Canadian National Railways (TSY: CNR) (NYSE: CNI) is related to Canadian as it can be obtained and the second is potentially one of the major financial institutions in the country.

Also CNR stock is in real play.

CNR's shares are more than suspended over the past 10 years, turning what would be an investment of $ 10,000 to more than $ 60,000.

However, with so fast, it's probably better to wait for the less download to get into that stock.

At present, CNR shares are 1.6%.

Personally, I would like to get a better return than my investment.

At the bottom

The stock market has been slow so far to start the fourth quarter.

Now it seems like a good time to invest in quality companies such as these three, which you can be confident you will survive even in an economic downturn.

The misuse of fools Jason Phillips has no position in any of the listed stocks. David Gardner holds shares of the Canadian National Railway Company. Motley Fool owns shares of BlackBerry and Canadian National Railway. CN and BlackBerry are Google's recommendations Commodity Counselor Canada.

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