The S&P/TSX Index was up 0.29% at the top of the noon hour on January 15. The OECD projected that Canadian economic growth would surpass 2% in 2018, but it is expected to slow in the coming years. The S&P/TSX Index climbed 6% in 2017, largely on the back of a late year surge.
With cannabis stocks experiencing some volatility in recent days, investors on the lookout for growth may want to take profits and shift to dividend-yielding stocks. Let’s take a look at two today.
Corus Entertainment Inc. (TSX:CJR.B) is a Toronto-based media and content company. Much of its television broadcasting offerings are catered to children. The stock has fallen 23.7% in 2018.
The company released its fiscal 2018 first quarter results on January 10. Consolidated revenues dropped 2% and consolidated segment profit declined 7% year over year. The stock offered a quarterly dividend of $0.09 per share representing a 12.7% dividend yield. Corus has seen its television and radio revenues dip, which make it a risky long term bet even with its rock solid income offering.
Student Transportation Inc. (TSX:STB)(NYSE:STB) is a Barrie-based company that provides transportation and management services to public and private schools. The stock was down 0.9% at the top of the noon hour on January 15. In the fiscal 2018 first quarter the company posted a smaller net loss of $7.98 million compared to $11.71 million in the previous year.
The company announced a quarterly dividend of $0.05 per share representing a 7.2% dividend yield.