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3 All-Star Dividend Stocks Trading Near 52-Week Lows

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Investors might be looking at their portfolios at the moment with a bit of worry. There are several industries that have been suffering, marking the potential for a recession in the Canadian economy’s future.

But while you might be worried about some stocks, there is definitely an opportunity here as well. And that opportunity couldn’t be better if you’re looking at high-yield dividend stocks.

As I’m writing, there are several top stocks that are trading near 52-week lows. These stocks are great additions to your portfolio, because analysts believe there’s pretty much nowhere to go but up. In fact, all three of these options are perfect buy-and-hold stocks that will bring in incredible share growth and sky-high dividend yields.

IPL Chart

IPL data by YCharts.

Inter Pipeline

Despite having “pipeline” in its name, investors shouldn’t be fooled. Inter Pipeline (TSX:IPL) is a diversified oil and gas company with natural gas liquid extraction and bulk liquid storage to supplement its oil sands and conventional oil pipelines. The company has a solid base, with guaranteed long-term contracts making up about 72% of its business, meaning cash will continue coming in for decades.

That’s why, despite the lower share price, the company has no problem increasing its annual dividend 2% annually over the long term. This is supported not only through its contracts but also through its expansion plan, which should send shares even higher. Right now, the stock offers a dividend yield of an incredible 8.3%, with analysts projecting the stock to reach $28 per share in the next year. That’s an increase of almost 40% from its share price at the time of writing.

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With streaming services now on the scene, Cineplex (TSX:CGX) has had a hard time convincing people to come back to the movies, never mind convincing them that there’s still hope for this company. But the company has recently posted some stronger quarters, and there are projections for even stronger ones in the future due to a number of blockbuster hits coming out this summer.

But it isn’t just the movies that have investors creeping back to the stock. The company has diversified to be less movie-centric and more entertainment based. Its Rec Rooms offer live music, games, food, and, of course, movies, where people can either just attend or book parties, and the VIP experience, where guests can finally buy booze, have also proven fruitful.

Analysts predict the stock will actually outperform in the next year, reaching a target price of $30 to even $40 per share in the next 12 months; a huge jump from where it is at writing at $24 per share. And, of course, with a dividend of 7.71%, it has many investors saying, “Why not?”


Finally, we have Husky Energy (TSX:HSE), one of Canada’s largest integrated energy companies that has been continuing to further its position towards low-sustaining capital production. This means keeping costs low. The company may not be one of the more glamorous oil and gas stocks, but it’s certainly one of the most efficient.

In fact, as oil and gas go down, analysts believe investors just continue to overlook this strong stock. The company has an incredibly stable cash flow, its integration means it can mitigate market volatility, and it has even more room to grow. This is the perfect buy-and-hold stock, currently trading at around $13 per share, but analysts predict that price will skyrocket more than 90% in the next year. And with a dividend of 3.94% at the time of writing, it should be next on your buy list.

Foolish takeaway

It can be hard to find the perfect pairing of high yield and low cost, but these three stocks are all set up and ready to go for investors. Each offers room for growth, both short and long term, with high-yield dividends to keep investors quite happy while they wait.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned.

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