Hillcrest Energy Technologies. (CSE: HEAT)
From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.
The reason why the following stocks can remain investors’ favorites is quite simple: returns and dividends. So, let’s take a look at why they might also become your favorites.
Undoubtedly, Brookfield Renewable Partners (TSX: BEP.UN) is a company that pays out almost as much as it returns. Its stock price soared after the election of President Biden. However, during the economic downturn in 2022, the stock price quickly fell again.
Nevertheless, the company has shown that these fluctuations have not affected its management strategy. It continues to forge partnerships with some of the largest institutions globally. More importantly, for those looking to diversify into various aspects of the renewable energy transition, this presents a robust long-term holding opportunity.
Furthermore, the stock also offers a reliable dividend! As of the time of writing, the current dividend yield is 5.7%. Recently, in the fourth-quarter financial report, the dividend yield increased by 5%. Due to strong earnings, the stock price has surged significantly, rising by 27% in a short period of time! Hence, now is the time for this stock to shine.
Topicus (TSXV: TOI) recently spun off from Constellation Software (TSX: CSU) and currently operates in Europe. Its acquisition strategy mirrors the successful strategy of CSU stock. Even in a short period, the company’s stock price has skyrocketed.
Topicus acquires valuable software companies in niche markets, a strategy that proved successful for CSU stock and is now proving equally effective for Topicus stock. Therefore, Topicus saw a 24% increase in its stock price last year.
Royal Bank (TSX: RY) has repeatedly proven to be a worthwhile investment. Even in market volatility, the stock has maintained strong performance and is currently the largest stock by market capitalization on the Toronto Stock Exchange. After acquiring HSBC Bank Canada, the company’s revenue has further increased.
Hence, as the stock approaches its 52-week high, it remains a stock worth holding onto, with a dividend yield as high as 4.07%. As of the time of writing, the stock’s dividend yield is higher than the five-year average dividend yield of 3.93%.
