The COVID-19 pandemic did affect the inventory market in 2020, that some firms slashed or stopped dividend funds. However, the TSX has proven resiliency and had an explosive begin in 2021. Dividend traders are additionally lucky as a result of different shares proceed to pay higher-than-average yields.With restricted assets or additional funds to spend, say $700, Canadians can nonetheless earn hefty funding revenue. The True North (*2*) (TSX:TNT.UN) and Rogers Sugar (TSX:RSI) pay a median dividend of seven.15%. You can cut up the cash between the 2 dividend payers to earn recurring revenue streams or improve your financial savings.High-quality tenant baseOne share of True North (*2*) will value you simply $7.40, however the dividend yield is 8.03%. The $646.02 million actual property funding belief (REIT) is a wonderful decide if you need to be a mock landlord. This REIT isn’t the biggest within the sector, though its high-quality tenant base ought to provide the confidence to make investments.True North’s portfolio consists of solely 47 industrial properties in 5 key markets in Canada. However, the REIT generates 75% of revenues from the federal government (35%) and credit-rated (40%) tenants. The anchor tenant in 12, or 25% of all the portfolio is the federal authorities of Canada.The different outstanding tenants embody the provincial governments of Alberta, British Columbia, New Brunswick, and Ontario. As of Q1 2021 (quarter ended March 31, 2021), the REIT enjoys a 97% occupancy fee, whereas the weighted common lease time period is 4.7 years. The whole income and web working revenue (NOI) barely declined versus Q1 2020.Still, administration stays assured that True North can keep stability via the pandemic setting. The solely factor to look ahead to is the occupancy stage. True North’s supply of liquidity is the money stream from working actions. The REIT makes use of the money to service debt, capital enhancements, and fund distributions.Positive enterprise outlookSugar is a low-growth endeavour, but one of many extra steady companies round. Rogers Sugar did have a difficult 2020 however managed to stay one of many money cows to dividend traders. At $5.73 per share, the $593.26 million sugar and maple producer pays a profitable 6.28% dividend.Story continuesIn the primary half of fiscal 2021 (six months ended April 3, 2021), the enterprise perked up, evidenced by the 7.7% and 45% improve in income and web earnings versus Q2 fiscal 2020. Similarly, sugar and maple volumes elevated by 2.9% and 13.3%, respectively. Between the 2 merchandise, maple has a better revenue margin.Management stays pretty optimistic that Rogers Sugar’s monetary efficiency in fiscal 2021 will far exceed fiscal 2020. They anticipate quantity from the sugar and maple segments to improve additional, however market uncertainty and extra COVID-related prices.Achieve your monetary goalsThink about your monetary targets this 12 months. Do you want an emergency fund, develop wealth, or save for retirement? Get began via dividend investing. The funding technique doesn’t require substantial capital. You can begin small then accumulate extra shares as you go alongside.True North and Rogers Sugar didn’t scale back their dividend yields regardless of the financial downturn. The REIT boasts a high-profile tenant base, whereas sugar is a shopper staple, so the enterprise is steady, if not enduring. Your monetary targets are achievable as a result of your restricted capital can generate passive revenue or compound over time in case you maintain reinvesting the dividends.The submit Got $700 to Spend? Top 2 TSX Stocks to Buy appeared first on The Motley Fool Canada.Speaking of two dividend shares you should buy along with your $700…Just Released! 5 Stocks Under $49 (FREE REPORT)Motley Fool Canada’s market-beating staff has simply launched a brand-new FREE report revealing 5 “dust low-cost” shares that you could purchase right now for beneath $49 a share.Our staff thinks these 5 shares are critically undervalued, however extra importantly, may probably make Canadian traders who act rapidly a fortune.Don’t miss out! Simply click on the hyperlink under to seize your free copy and uncover all 5 of those shares now.Claim your FREE 5-stock report now!More studyingFool contributor Christopher Liew has no place in any of the shares talked about. The Motley Fool has no place in any of the shares talked about. 2021
Got $700 to Spend? Top 2 TSX Stocks to Buy
