5 Top Undervalued Canadian Dividend Stocks this 2022

TIM THOMAS TIM THOMAS Learn more

Dividend investing is a great way to ensure that you create passive wealth during both bull and bear markets.

[{"selector":"#anim-4bf573a9-a832-48fc-9d66-24b29cf765b6","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f483cd5d-9d57-464a-bf33-8c9a5eb7e234","keyframes":{"transform":["translate3d(0px, 233.73888%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Dividend investing is favored by many investors because it gives them the benefit of passive income plus long-term capital gains as the value of the stock rises over time.

[{"selector":"#anim-60a86dd3-56f8-4360-a7f9-8eac46749751","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e011e4c-cd3b-49a8-bc57-c7131cb3e8d0","keyframes":{"transform":["translate3d(0px, 181.79175%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Investors who have a low-risk appetite generally purchase dividend stocks. Investors who want a part of their portfolio in ‘safe’ territory also opt to buy a certain amount of dividend stocks.

[{"selector":"#anim-5a17b890-7c39-4ff8-b09d-2ba169dc5d72","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4dbcb357-5497-445b-bd0f-f66a34770842","keyframes":{"transform":["translate3d(0px, 157.63573%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Here are 5 Canadian dividend stocks that are undervalued, and will likely deliver long-term stock price appreciation as well.

Undervalued Canadian Dividend Stock #1: Royal Bank of Canada (RY)

Royal Bank of Canada is one of the leading banks in Canada. After losing close to 10% of its value, the Royal Bank stock is now highly undervalued and is close to its 52-week low.

[{"selector":"#anim-225d07b6-a085-4840-b86d-e769c542d231","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c947cd3f-aa77-4ff7-9dac-4098cec1856e","keyframes":{"transform":["translate3d(0px, 181.54220%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

This could be a great buying opportunity when you consider that banks usually do well when interest rates move up.

[{"selector":"#anim-78875471-e800-45da-8504-30e34be04da5","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce829b30-fd35-427c-9dd7-1409b75dd2e2","keyframes":{"transform":["translate3d(0px, 255.13150%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Also, Royal Bank’s second-quarter results were not that bad. Though there was a 3.4% reduction in the revenues, net income was up by 6% YOY to $4.3 Billion.

[{"selector":"#anim-27579961-4fff-4c03-ab58-4dadb7ac09fa","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e871d29-ae1e-49fd-b7cb-ccb73c6ed610","keyframes":{"transform":["translate3d(0px, 165.65656%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Its provision on performing loans was higher by $244 million driven by the reduced uncertainty in the market.

[{"selector":"#anim-767cc78b-7d78-407f-9487-05a48cd15bbb","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9663ece-4f6c-472f-aa8e-b8a5c57856e3","keyframes":{"transform":["translate3d(0px, 244.44444%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Swipe up now to read the full post!

[{"selector":"#anim-5af3f4a5-9df1-4309-ab4e-c06b30394d40","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c097ac67-efd4-4ce8-b593-60c755581132","keyframes":{"transform":["translate3d(259.40593%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0cdf8e6-c4ad-4d37-9a5a-91031b29cf5d","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ecaf4c73-9243-49b0-82f3-c36550915c3d","keyframes":{"transform":["translate3d(42.07921%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aae7ac62-6772-4be2-9488-97e6a242101a","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0547b44-2abc-4865-ace2-9318f47512ce","keyframes":{"transform":["translate3d(151.50000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20cb7ba1-afe1-4014-8731-3d0cbd54ae15","keyframes":{"opacity":[0,1]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3560bcc-d6e3-40dd-80e7-6731623e7dff","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f5be460-d98b-4b3a-b9cc-c99251949c16","keyframes":{"transform":["translate3d(-44.55445%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-548f9052-467b-49a1-914e-081e7fa99eea","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d9b8175-70bb-494d-b336-47ab43f909dc","keyframes":{"transform":["translate3d(-260.89109%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea663767-82eb-4bc9-91ce-34a66d9ad290","keyframes":{"opacity":[0,1]},"delay":400,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5c501bb-9e03-4825-8f56-85129916e3c3","keyframes":{"transform":["translate3d(-154.5%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39831d41-4d5f-46d7-8359-ec20f0aa2f85","keyframes":{"opacity":[0,1]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Warning Signs a Big Housing Market Crash is Just Around the Corner Big Trends to Expect in the US Housing Market