Do you want income all year round? 4 dividend shares that consistent pay

If you are someone who likes the sound of a fixed, predictable income without having to look at the market every day, dividend shares can be your best friend. And if you want to spread those payments across the calendar, there is a smart move to have a few that pay in different months. In other words, think of building your own wage check throughout the year.

That is of course easier said than done. Not all dividend shares have been drawn up. Some reduced payments when the economy becomes rough. Others are very cyclical and depend on oil prices or store trends. But the four shares in which we dive today have something in common. That is a history of consistently paying their dividends, even through turbulence. So let’s look further at Canadian band (TSX: CTC.A), Montreal bank (TSX: BMO), Cenovus -Energie (TSX: CVE), and Telus (TSX: T).

CTC

Let’s start with the Canadian band. After placing the profit of the second quarter last week, the dividend share proved that it is not just a retail brand, it is a financial engine. The normalized profit per share (EPS) of continuing operations came in at $ 3.57, and although something had fallen that year after year, it was still strong considering the transformation it underwent.

The “True North” strategy, including the renewal of stores, deepening customer loyalty and acquiring Hudson’s Bay Company Brand Assets, is well underway. The dividend share also declared a substantial dividend of $ 1,775 per share, affordable in December. That is an annual yield north of 4% from writing. Despite a recent dip in the share, long -term investors can see this as an opportunity, especially with the company shares and investing for growth.

BMO

Then there is bank or montreal. BMO has always been a solid choice for dividend seekers, and the recent results are back. The dividend share increased its quarterly dividend to $ 1.63 per share after reporting a modified net income of $ 2.05 billion and adapted profit per share of $ 2.62.

The return on equity came to 9.8%, which is not spectacular, but for a Canadian bank in a higher speed environment with increased loss loss provisions, it is also not bad. In addition, BMO takes proactive steps, buys shares and sharpening the balance. The dividend increase is another sign that management has confidence in the profit of the bank in the future.

CVE

Energy names are usually more volatile, but Cenovus finds his foot. The second quarter brought $ 2.4 billion in cash from operations and $ 355 million in free fund flow, even after planned maintenance and production hits of forest fires. That is a decrease from earlier this year, but the dividend stock is almost complete on various large projects such as Narrows Lake and West White Rose.

It returned more than $ 800 million to shareholders last quarter, including nearly $ 370 million in dividends. For those who hold some energy shortcut without too much risk, this is one of the better -run companies in the sector.

T

Last, but never in the least in the telecom world, is Telus. Although the profit margin remains modest, the dividend share is properly implemented on its strategic priorities. It added 198,000 new customers in the last quarter and placed a free cash flow of $ 535 million, an increase of 11% compared to last year. That money is about reducing debts and wages of shareholders.

Telus still focuses on around $ 2.15 billion in a free cash flow for the year, and it recently announced a deal with La Caisse for $ 1.26 billion. This helps to keep his dividend sustainable, despite the higher leverage of previous investments.

Bottom Line

What is the catch? Well, there is no dividend guaranteed. The Canadian band is retail-heavy, making it vulnerable in a recession. BMO is exposed to credit risks and a delaying consumer. Cenovus depends on oil prices and Telus has high debts. But none of these companies has shown signs of the withdrawal of dividends, and at the moment $ 5,000 can yield $ 989 in each annually!

So if you want to build an income portfolio throughout the year, these four names offer diversification and a steady cash flow on which you can count.