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Money RRSP Investors: 2 Canadian Stocks to Hold for Decades

13:31  13 june  2018
13:31  13 june  2018 Source:   fool.com

Where RRSP investors can find dividend growth

  Where RRSP investors can find dividend growth Where RRSP investors can find dividend growthTotal return = capital appreciation + dividends (or cash inflows)

Canadians are searching for top stocks to add to their RRSP portfolios. Rising interest rates have some investors concerned that BCE could take a big hit, as funds shift out of telecom stocks and into GICs.

Canadian investors are searching for top dividend stocks to add their RRSP portfolios. Both companies should be solid buy-and- hold picks for a dividend-focused RRSP . At this point, the two stocks look somewhat oversold after their recent pullbacks, so I would probably split a new

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Canadian investors are searching for reliable stocks to build a buy-and-hold RRSP portfolio.

Let’s take a look at Nutrien Ltd. (TSX:NTR) (NYSE:NTR) and TransCanada Corporation (TSX:TRP) (NYSE:TRP) to see why they might be interesting picks.

Nutrien

Nutrien was created through the merger of Potash Corp. and Agrium.

The combined potash, nitrogen, and phosphate operations position the company to better compete on the global stage, and Agrium’s strong retail division provides a nice revenue hedge to offset any volatility in the wholesale segment.

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  The top 10 Canadian stocks ranked by overall strength Transcontinental Inc. (TSX:TCL.A) heads up a list of the 10 strongest stocks on the TSX, analyzed for income, track record, future growth, health, and value. It’s a nicely diversified list, so if you are starting an investment portfolio, you might be looking at the basics of one right here. Itching for income stocks? Most of the following pay a dividend, and all have great future prospects.Let’s start with number 10 and work our way towards the best one-size-fits-all stock on the TSX right now.10. Savaria Corp.

Canadians are searching for reliable stocks to hold inside their self-directed RRSP accounts. Investors like the company for its dividend-growth track record. Fortis has increased its distribution every year for more than four decades .

Canadian savers are searching for top dividend stocks to put inside their self-directed RRSP portfolios. Over time, investors can turn modest initial investments into impressive retirement funds.

Fertilizer prices appear to be improving after going through a multi-year slump. In fact, Nutrien upgraded its earnings guidance when it reported the Q1 2018 results, citing improvements in potash and nitrogen markets. The phosphate group is expected to perform in line with 2017.

Nutrien also declared a quarterly dividend of US$0.40 per share during its first three months. That’s good for a yield of 3%.

Both Agrium and Potash wrapped up major capital programs before the merger, so Nutrien is well positioned to compete on the global stage and meet rising market needs in the coming decades. As the fertilizer segment continues its recovery, shareholders should see a strong improvement in free cash flow, which would support dividend hikes.

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Canadian savers are searching for top dividend stocks to put inside their self-directed RRSP portfolios. The strategy makes sense, especially when the distributions are invested in new shares to harness the power of compounding. Over time, investors can turn modest initial investments into impressive

Canadian investors are searching for top-quality stocks to help diversify the geographic exposure in their RRSP portfolios. Bank of Nova Scotia has invested billions over the past decade to build a large international presence, with a specific focus on Mexico, Colombia, Peru, and Chile.

TransCanada

TransCanada reported a 21% increase in Q1 earnings per share compared to the same period last year. The company’s legacy assets continue to perform well, and the completion of $7 billion in new projects helped offset revenue lost through the disposition of some non-core power assets in the United States.

TransCanada is currently working its way through $21 billion in near-term developments, of which $11 billion should go into service this year. The rest is scheduled for completion through 2021. As the new assets go online, TransCanada expects to see revenue and cash flow improve enough to support annual dividend growth of at least 8% over this time frame.

The current payout provides a yield of 5%.

Beyond 2021, TransCanada has $20 billion in larger projects under consideration, including the Bruce Power life extension, Coastal GasLink, and Keystone XL. If any one of these projects gets the green light, investors could see the dividend-growth guidance extended.

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Canadian investors are searching for reliable stocks to add to their retirement portfolios. The bottom line. Canadian savers with a buy-and- hold strategy can set aside some serious cash for retirement in their RRSP portfolios by owning top-quality Canadian stocks .

Canadian savers are searching for attractive stocks to add to their RRSP portfolios. The company has invested billions in the past decade to build a large international operation, with the main focus centred on Mexico, Peru, Chile, and Colombia.

In addition, management is evaluating opportunities for smaller tuck-in projects along TransCanada’s extensive gas and liquids infrastructure portfolio.

The bottom line

Nutrien and TransCanada should be attractive picks for a buy-and-hold RRSP fund. An equal investment between the two companies would provide a 4% yield and give your portfolio solid exposure to both North American and global growth.

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Fool contributor Andrew Walker owns shares of Nutrien. Nutrien is a recommendation of Stock Advisor Canada.

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