Latest news with #RioCan
Yahoo
6 days ago
- Business
- Yahoo
Transform Your $7,000 TFSA Contribution Into a Wealth-Building Machine
Written by Demetris Afxentiou at The Motley Fool Canada The TFSA limit for 2025 is $7,000, and that opens up a whole world of investments to create a wealth-building machine from your portfolio. All you need to do is pick the right investments to buy into Here's a look at some of the options available to investors contemplating where to point their TFSA funds towards. And yes, you can create a wealth-building machine from within your TFSA by investing in one or more of these superb stocks. REITs are some of the most underrated investments on the market. They can provide a reliable income stream, are backed by some of the largest names on the market, and can offer defensive appeal. More importantly, they can provide an avenue for would-be landlords to invest in real estate, reaping all the benefits, but without the mortgage or tenant worries. RioCan Real Estate (TSX: is a great example to consider for your wealth-building machine. RioCan is one of the largest REITs in Canada, and has a portfolio of retail, commercial and mixed-use residential properties. Those properties are located primarily in Canada's major metro markets, where demand remains high. And like a landlord collecting rent, RioCan pays out a monthly distribution, which currently boasts a yield of 6.6%. This means that even just a $3,500 investment in the REIT will generate an additional share each month from reinvesting that distribution. How's that for kicking off your wealth-building machine. Every portfolio needs a solid defensive line, and for this wealth-building machine, Canadian Utilities (TSX:CU) is a superb pick. Like the name implies, Canadian Utilities is a utility stock. Utilities generate revenue from providing utility service, which is bound by long-term regulated contracts. Because of the sheer necessity of the service provided, utilities like Canadian Utilities generate a reliable and recurring revenue stream that leaves room for growth and a dividend. In the case of Canadian Utilities, that dividend is a quarterly 4.8% yield. Even better, Canadian Utilities has provided annual upticks to that dividend going back an incredible 53 consecutive years. In other words, Canadian Utilities is a key defensive part of any wealth-building machine in your TFSA. And a $2000 investment is enough to begin generating a few shares each year through reinvestments. Both Canadian Utilities and RioCan offer a recurring, stable dividend that can provide growth over the longer term. This next option for your TFSA turned wealth-building machine will supercharge your income. That stock to consider is Telus (TSX:T). Telus is one of Canada's big telecoms, offering a slew of subscriber-based services to customers across the country. Those services provide some defensive appeal, particularly since the pandemic ended. This is especially true for the wireless and internet connectivity segments, which continue to see strong growth numbers. That growth in turn provides ample revenue for Telus to invest in various growth initiatives (such as its Digital services segment), while continuing to pay out a very handsome dividend. As of the time of writing, that dividend offers an insane yield of 7.6%, making it one of the best-paying dividends on the market. This also means that the remaining $1,500 TFSA contribution will generate an income sufficient to generate nearly a half-dozen shares in the first year. The reason I say first-year is because, like Canadian Utilities, Telus has an established cadence of providing increases to its quarterly dividend. In fact, Telus has bumped its dividend on a semi-annual basis for two decades, and plans to continue that cadence. The TFSA is an incredible savings vehicle for investors, but the growth from that account is only as good as the investments allocated to it. Fortunately, the stocks mentioned above can provide that growth and a healthy income to fuel it. You might not retire on the income generated from a first-year $7,000 contribution, but investors will be set up for that growth to continue in subsequent years on autopilot. In my opinion, one or all of the above investments should be considered core holdings in any well-diversified portfolio. Buy them, hold them, and watch your future income grow. The post Transform Your $7,000 TFSA Contribution Into a Wealth-Building Machine appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Demetris Afxentiou has no position in any of the stocks mentioned. The Motley Fool recommends TELUS. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
RioCan Real Estate Investment Trust Announces June 2025 Distribution
RioCan Real Estate Investment Trust ('RioCan') (TSX: today announced a distribution of 9.65 cents per unit for the month of June. The distribution will be payable on July 8, 2025, to unitholders of record as at June 30, 2025. About RioCan RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit
National Post
6 days ago
- Business
- National Post
RioCan Real Estate Investment Trust Announces June 2025 Distribution
Article content TORONTO — RioCan Real Estate Investment Trust ('RioCan') (TSX: today announced a distribution of 9.65 cents per unit for the month of June. The distribution will be payable on July 8, 2025, to unitholders of record as at June 30, 2025. Article content About RioCan Article content Article content RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit Article content Article content Article content
Business Wire
6 days ago
- Business
- Business Wire
RioCan Real Estate Investment Trust Announces June 2025 Distribution
TORONTO--(BUSINESS WIRE)--RioCan Real Estate Investment Trust ('RioCan') (TSX: today announced a distribution of 9.65 cents per unit for the month of June. The distribution will be payable on July 8, 2025, to unitholders of record as at June 30, 2025. About RioCan RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit
National Post
10-06-2025
- Business
- National Post
RioCan Real Estate Investment Trust Announces Results of Voting at its Annual Meeting of Unitholders
Article content TORONTO — RioCan Real Estate Investment Trust ('RioCan' or the 'Trust') (TSX: today announced the results of the votes from its annual meeting of unitholders (the 'Meeting') held today. Article content The total number of units represented by unitholders present in person or by proxy at the Meeting was 172,731,826, representing 58.07% of RioCan's 296,731,826 outstanding units entitled to be voted. Article content Article content Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 25, 2025 was elected as a Trustee. RioCan received proxies with regard to voting on the ten Trustees nominated for election, as set forth in the table below: Article content Name of Nominee Votes For % Votes Withheld % Richard Dansereau 170,543,739 99.62% 644,205 0.38% Janice Fukakusa, C.M. 167,217,663 97.68% 3,970,279 2.32% Jonathan Gitlin 168,820,489 98.62% 2,367,455 1.38% Marie-Josée Lamothe 169,471,182 99.00% 1,716,760 1.00% Dale H. Lastman, C.M., 167,666,003 97.94% 3,521,941 2.06% Jane Marshall 167,271,185 97.71% 3,916,766 2.29% Guy Metcalfe 170,693,242 99.71% 494,702 0.29% Edward Sonshine, K.C. 166,604,994 97.32% 4,580,906 2.68% Siim A. Vanaselja 162,187,474 94.74% 9,000,468 5.26% Charles M. Winograd 162,276,329 94.79% 8,911,615 5.21% Article content Appointment of Auditors Article content Ernst & Young LLP was reappointed as the auditor of the Trust until the next annual meeting of unitholders by resolution passed by a majority of the unitholders. Management received proxies to vote for the appointment of the auditor (and to authorize the Trustees to fix their remuneration) as follows: Article content Say-On-Pay Non-Binding Advisory Vote Article content The non-binding say-on-pay vote on the Trust's approach to executive compensation was passed as follows: Article content About RioCan Article content RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit Article content Article content
