2 Home Furnishing Stocks That Pay Solid Dividends

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.