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3 Monthly Dividend Stocks for a Stable Passive Income

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Inflation in Canada has risen, with Statistics Canada reporting an annual rate of 2.9% in May, up from 2.7% in April. This uptick has been driven by increased prices for essential items like fresh produce, meat, and shelter, impacting households nationwide. To mitigate these rising costs, investors are increasingly seeking out high-yielding, monthly-paying dividend stocks for reliable passive income. Here’s a look at three top monthly-paying dividend stocks that offer stability and income potential, aligned with the upcoming dividend calendar . SmartCentres Real Estate Investment Trust (TSX:SRU.UN) SmartCentres REIT is a well-established player in the Canadian real estate market, owning and managing a diversified portfolio of 193 properties spanning 35.1 million square feet. The REIT benefits from strategic property locations, high occupancy rates, and a strong tenant base, contributing to stable rental income. Additionally, SmartCentres has a robust pipeline of development projects, ...
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Top FTSE 100 Passive Income Stock for Investors

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The FTSE 100 Index, commonly referred to as the "Footsie," stands as the preeminent benchmark for the UK equity market. Maintained by FTSE Russell, this index encapsulates the performance of the 100 largest companies listed on the London Stock Exchange (LSE), representing approximately 81% of the total market capitalization of the UK's equity market. Established in January 1984, the FTSE 100 has grown to be an indispensable tool for investors, analysts, and policymakers alike. Image Credit: Pexels Historical Context and Composition The inception of the FTSE 100 Index was part of a broader movement to provide more sophisticated and accurate financial instruments for the burgeoning financial markets of the 1980s. Its creation marked a significant step forward from previous indices by offering a comprehensive snapshot of the market’s performance. The companies included in the FTSE 100 are the largest by market capitalization, ensuring that the index remains a robust indica...
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Location: United Kingdom
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The TSX Completion Index: A Comprehensive Benchmark for Canadian Equities

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The TSX Completion Index (TXFO) plays a crucial role in the Canadian financial landscape, serving as a vital stock market index maintained by the Toronto Stock Exchange (TSX). Unlike the S&P/TSX 60 Index, which focuses on the largest companies in Canada, the TSX Completion Index encompasses all TSX-listed companies not included in the S&P/TSX 60. This makes it an essential benchmark for mid-cap and small-cap Canadian equities, offering a more diversified view of the Canadian market. In this article, we explore the characteristics, benefits, and significance of the TSX Completion Index , shedding light on its importance for investors and the broader economy. Image Credit: Pexels Characteristics of the TSX Completion Index The TSX Completion Index includes a wide array of companies that are not part of the S&P/TSX 60 Index. By encompassing mid-cap and small-cap companies, it provides a comprehensive benchmark that reflects the broader spectrum of the Canadian economy. This i...
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Location: Canada
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Invest in BHP and These ASX Dividend Shares

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Income investors in the Australian share market have a wealth of options when it comes to upcoming dividend-paying stocks . Analysts have identified several ASX-listed companies that are particularly appealing for their dividend potential. Let's delve into three top picks recommended by leading brokers with upcoming dividend yields. Image Credit: Pexels BHP Group Ltd ( ASX: BHP ) BHP Group, known as "The Big Australian," stands out as a prime choice for income investors, according to analysts at Morgans. The mining giant's diversified portfolio and robust market exposures consistently deliver strong margins across economic cycles. This profitability translates into substantial free cash flow, which supports BHP's significant dividend payments. Morgans forecasts fully franked dividends of approximately $2.42 per share for FY 2024 and $2.17 per share for FY 2025. With BHP's current share price at $44.77, these dividends equate to impressive yields of 5.4% and 4....
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5 ASX 300 Shares Surpassing Record Highs Amid Market Decline

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In today's volatile market environment, where many ASX 300 shares are struggling to maintain stability, a select few are defying the odds and reaching impressive new heights. This article delves into the five ASX 300 stocks that have surged to remarkable new 52-week highs, offering detailed insights into their standout performance. We'll examine what sets these stocks apart and analyze the factors likely driving their upward momentum despite broader market challenges. Altium Ltd (ASX: ALU) Altium Ltd has emerged as a standout performer today, hitting a new record high amidst news of a potential takeover by Renesas Electronics. Starting the day at $67.90, Altium shares peaked at $68.03, marking a significant milestone for the tech stock. As of the latest update, Altium is trading at $67.95, showcasing resilience in a challenging market. Codan Ltd (ASX: CDA) Codan Ltd, a leading mining equipment manufacturer, has also reached a new 52-week high today. Starting at $11.72, Codan ...
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Location: Australia
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5 Key Things to Watch on the ASX 200 This Monday

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On Friday, the S&P/ASX 200 Index (ASX: XJO) closed the week on a high note, rising by 0.35% to reach 7,796 points. As we look towards Monday, several factors will determine whether the market can maintain this positive momentum. Here are five key elements to watch closely: Image Credit: Pexels ASX 200 Expected to Fall Despite a strong finish last week, the Australian share market appears set to open lower on Monday. The latest SPI futures indicate that the ASX 200 will likely start the day 16 points or 0.2% lower. This anticipated drop follows a mixed performance on Wall Street on Friday, where the Dow Jones rose by 0.05%, the S&P 500 dipped by 0.15%, and the Nasdaq fell by 0.2%. The uncertainty in the US market may weigh on Australian shares as trading resumes. Oil Prices Soften Energy shares on the ASX 200, such as Santos Ltd ( ASX: STO ) and Woodside Energy Group Ltd (ASX: WDS), might face a subdued start to the week due to softening oil prices. According to Bloomberg, th...
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Location: Australia
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Invest in this ASX 200 Stock for an 11% Gain and 4%+ Dividend Yield

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If you're on the hunt for a blend of market-beating gains and an attractive dividend yield , it might be time to consider the ASX 200 stock highlighted in this article. Analysts at Bell Potter believe this stock is undervalued at its current levels and is poised to deliver robust returns for investors over the next 12 months. Image Credit: Pexels Which ASX 200 Stock? The stock in focus is Elders Ltd ( ASX: ELD ) , a leading agribusiness company. Bell Potter notes that Elders’ shares have underperformed recently due to skepticism about its ability to meet its guidance. However, the broker believes these doubts are misplaced and that Elders is well-positioned to achieve its targets. Recent Performance and Analyst Outlook Bell Potter highlighted that Elders' share price has stagnated following the release of its 1H24 results, where the FY24 earnings before interest and taxes (EBIT) guidance of $120-140 million was reiterated. This implies a 2H24 EBIT of $82-102 million, compared t...
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Location: Australia
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