Statistics Canada released its GDP report for October 2017 in late December. Real gross domestic product (GDP) was mostly flat month over month. However, the wholesale trade sectors experienced 1.4% growth compared to a 0.9% decline in September. Personal and household products saw a 3.2% jump in activity over the course of the month.
Let’s take a look at two dividend stocks to scoop up as investors await holiday numbers.
Leon’s Furniture Ltd. (TSX:LNF) stock was up 1.58% in early afternoon trading on January 10. Leon’s Furniture is Toronto-based home furnishing, appliances, and electronics retailer. The stock has already climbed 4.7% in 2018. The company released its third quarter results on November 14. Year to date system wide sales rose 4.9% and adjusted net income was up 20.9% to $62.9 million.
The company announced a quarterly dividend of $0.12 per share representing a 2.5% dividend yield. Leon’s remains an attractive option ahead of holiday shopping earnings.
Sleep Country Canada Holdings Inc. (TSX:ZZZ) stock was up 0.77% in early afternoon trading on January 10. Sleep Country is a Toronto-based mattress retailer. Shares have increased 1.5% in 2018 thus far. The company released its third quarter results on November 1.
Revenue climbed 10.1% to $177.1 million and it posted same store sales growth of 7.3%. The company also reported a gross profit of 12.1% to $58.4 million. The stock offers a quarterly dividend of $0.17 per share representing a 1.9% dividend yield.
