‘Own Canada,’ Says BofA Analyst Pointing to Record Dividend Gap
- TSX’s dividend yield is more than double that of S&P 500
- This could be a ‘banner year’ for Canada dividends, Kwon says
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Canadian stocks are attractive, given the dividend growth that the benchmark S&P/TSX Composite Index offers and the prospect of waning disinflationary pressure, says Bank of America Corp.’s Ohsung Kwon.
“Own dividends, own inflation, own Canada,” the strategist wrote in a Monday research note. “2024 could be a banner year for dividends as cash yields drop and a global recovery cycle lifts beaten-down high-dividend stocks.”