By: Dividend Sensei
We all dream of a retirement lived in comfort and prosperity, free from the fears of the next economic or market downturn.
High-yield dividend growth blue-chips are the single best way of achieving that dream.
This legendary Canadian bank is my favorite of the Canadian super banks, for many reasons.
Global Finance Magazine ranks it as the 2nd safest publicly traded bank on earth and the bank’s internal pandemic stress tests showed that even a global depression wouldn’t have likely forced it to cut its dividend.
Management’s long-term 7% to 10% growth guidance means 10.8% to 13.8% CAGR long-term total return potential, with some of the lowest fundamental risk you can find on Wall Street. Over the long term, this bank has 2x to 5x the market’s income and wealth compounding potential, and today it’s a classic Buffett-style “Wonderful company at a fair price”. One I’ve recently bought $2,000 more of for my retirement portfolio.