1 High-Yield TSX Dividend Stock to Buy in July

Canadian traders could also be enticed to swap their loonies for U.S. bucks whereas the speed remains to be beneficial at north of US$0.80. Undoubtedly, Canadians want to enterprise south of the border to entry “important vitamins” for one’s portfolio that aren’t obtainable on the TSX.The TSX Index is chock-full of power, supplies, and monetary performs, which, whereas high performers in the primary half of 2021, might not be in the second half, because the commodity value rally appears to be like to take a little bit of a breather. Moreover, the U.S. market has a wider choice of tech, client staples, and plenty of different performs which might be both few and much between or non-existent in Canada.Canadian traders don’t have to enterprise far for bargainsCanadians venturing south for shares needs to be cautious this July, although. Valuations throughout choose names are getting a tad on the frothy aspect — a lot so such that Bank of America advised traders that there seem to be higher valuations to be had over in Canada. I couldn’t agree extra. And whereas the trade fee is beneficial, I feel it’s wiser to suppose home together with your subsequent inventory purchases, given many TSX shares on the market appear too low-cost to ignore.So, the place ought to one search for worth? Energy shares and financials are a fantastic place to look. Plays inside each industries are on the intersection between momentum and worth, which might appease most traders. In addition, many reopening performs have gone to sleep.With the COVID-19 pandemic’s finish coming nearer into sight, I’d argue that such “hungover” reopening performs are even buys right here, given their high-upside potential in a bull-case situation that sees issues maintain a transfer into normalcy.One play that strikes me as reeking of worth is Restaurant Brands (*1*) (TSX:QSR)(NYSE:QSR), a high-yield dividend inventory that appears as low-cost as it’s bountiful with its 3.3% yield.Restaurant Brands: An underdog that would flip right into a high canine in the second half of 2021Restaurant Brands is a fast-food powerhouse with three of probably the most highly effective manufacturers on the market in Burger King, Tim Hortons, and Popeyes. The inventory has failed to decide up any significant traction for round a 12 months now. Most just lately, shares corrected by 8% on no significant information. Undoubtedly, eating room closures have harm Restaurant Brands greater than most different fast-food gamers. Tim Hortons is a model that actually took successful on the chin.Story continuesAs the financial system reopens and Restaurant Brands’s administration appears to be like to get all three manufacturers heading in the correct course, the upside in QSR inventory may have the potential to be sizeable. Shares are nonetheless off 24% from their all-time excessive of $104 — a stage that could possibly be hit if all goes effectively and the world conquers COVID-19.And if issues go mistaken? Restaurant Brands is resilient sufficient to do effectively with its supply and restaurant modernization initiatives. Across all banners, QSR has proven indicators of adapting to the occasions. And that makes the dividend inventory a purchase, no matter when or how this pandemic ends.The put up Passive Income: 1 High-Yield TSX Dividend Stock to Buy in July appeared first on The Motley Fool Canada.If you are on the lookout for alternatives in this unsure market, I’d encourage you to think about the next:Just Released! 5 Stocks Under $49 (FREE REPORT)Motley Fool Canada’s market-beating workforce has simply launched a brand-new FREE report revealing 5 “dust low-cost” shares you could purchase at present for below $49 a share.Our workforce thinks these 5 shares are critically undervalued, however extra importantly, may probably make Canadian traders who act shortly a fortune.Don’t miss out! Simply click on the hyperlink beneath to seize your free copy and uncover all 5 of those shares now.Claim your FREE 5-stock report now!More studyingFool contributor Joey Frenette owns shares of Restaurant Brands (*1*) Inc. The Motley Fool recommends Restaurant Brands (*1*) Inc. 2021

Recommended For You