On Thursday, the European Central Bank (ECB) announced further monetary easing measures, including further cutting its deposit rate into negative territory. Central banks across the developed world, with the exception of the Federal Reserve in the U.S., are keeping monetary policy loose. Even in Canada, the Bank of Canada recently kept its benchmark interest rates unchanged.
The Canadian central bank noted in a statement that the near-term outlook for the economy remains broadly the same as in January. The Bank of Canada had cut its benchmark rate twice last year in order to boost the Canadian economy, which had come under pressure due to lower oil prices. In the era of low and even negative interest rates in some countries, dividend stocks become even more attractive. Here are two that pay regular dividends.
Cascades Inc. (TSX: CAS)
Cascades is engaged in the production, conversion and marketing of packaging and tissue products consisting of recycled fibers.
Cascades, today, reported record results for its fourth quarter and 2015. The company also announced that its Board of Directors declared a quarterly dividend of $0.04 per share.
K-Bro Linen Inc. (TSX: KBL)
K-Bro Linen owns and operates laundry and linen processing facilities in Canada.
K-Bro Linen also reported its financial results for 2015, posting revenue of $144.5 million. The company also announced a dividend of $0.10 per share.
