Today, I want to take a quick look at two high-yield dividend stocks that are worth targeting in this turbulent climate.
In Q4 2022, TC Energy delivered comparable EBTIDA of $2.68 billion – up from $2.39 billion in the previous year. Meanwhile, comparable EBTIDA rose to $9.90 billion for the full year which was up from $9.36 billion in fiscal 2022. TC Energy offers a quarterly dividend of $0.93 per share. That represents a very tasty 6.9% yield.
Laurentian Bank (TSX:LB) is a regional bank that primarily operates in its home province of Quebec. The banking sector has taken its lumps in the United States in 2023. Fortunately, Canadian financial firms have appeared resilient in the face of rising interest rates.
Shares of this regional bank stock possess a favourable price-to-earnings ratio of 6.6. Better yet, it offers a quarterly dividend of $0.46 per share, which represents a strong 5.7% yield.