Bank of Canada's latest rate cut to spur dividend stock rebound, analysts say [Yahoo! Finance Canada]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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Source: Yahoo! Finance Canada
With the Bank of Canada signalling more rate cuts are on the way , and the Federal Reserve expected to pivot at its next meeting , analysts see a comeback story in the making for dividend stocks. The post-COVID rate spike stoked investor interest in short-term fixed income products, like term deposits and guaranteed investment certificates (GICs). High-yielding Canadian equities fell out of favour as the risk equation changed. CIBC Capital Markets estimates there is roughly $220 billion in “excess” funds that Canadian investors have shifted into fixed income. “With rates now heading lower, we expect to see continued rotation from these fixed income products into high-yielding Canadian equities, resulting in outperformance for REITs (real estate investment trusts), utilities, telecoms and financials,” CIBC analyst Ian de Verteuil wrote in a note to clients prior to the Bank of Canada's latest rate decision. “If interest rates fall as we expect, what was a material headwind should
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News
- A Closer Look At TransAlta Corporation's (TSE:TA) Impressive ROE [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy TransAlta (TAC) Stock? [Yahoo! Finance]Yahoo! Finance
- TransAlta Announces Conversion Results for Series G and Series H Preferred SharesGlobeNewswire
- TransAlta Co. (NYSE: TAC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- TransAlta Co. (NYSE: TAC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
TAC
Earnings
- 8/1/24 - Beat
TAC
Sec Filings
- 9/17/24 - Form 6-K
- 9/3/24 - Form 6-K
- 8/22/24 - Form 6-K
- TAC's page on the SEC website