Enhance your income with Aggressive stocks

Article Excerpt

While most investors get the bulk of their dividend income from utilities and banks, we recommend they add other dividend-paying stocks from our Aggressive Growth Portfolio such as the three we analyze below. Each of the three is in a strong position to benefit as the economy continues to re-open, spurring cash flow and dividend increases. RIOCAN REAL ESTATE INVESTMENT TRUST $22 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.8 million; Market cap: $7.0 billion; Price-to-sales ratio: 5.8; Distribution yield: 4.4%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 214 shopping centres and other properties across Canada. It also has 15 projects under development, while its overall occupancy rate is currently a high 96.1%. RioCan announced a new strategy in October 2017 to boost investor value. The biggest part of that plan was for it to concentrate on six major urban markets: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver. As a result, the REIT…