The top dividend stocks we’ve found should perform well during the current inflationary environment
SmallCapPower | February 28, 2022: During periods of elevated stock-market uncertainty, risk is mitigated through the steady income stream dividend stocks have to offer. Today we have uncovered three dividend stocks that should boost your portfolio’s returns in the current inflation environment.
*Share price data and other metrics as of February 25, 2022
Nutrien Ltd (TSX:NTR) – $99.19
Fertilizers
Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients–nitrogen, potash, and phosphate–although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The Company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through both its physical stores and online platforms.
- Market Cap: $58.4B
- 7-Day Return: +5.2%
- 30-Day Return: +16.2%
- 30-Day Average Trading Volume: 1,329,713
- Annual Dividend: $1.84
Barrick Gold Corp (TSX:ABX) – $28.87
Gold Mining
Based in Toronto, Barrick Gold is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. In 2020, the firm produced nearly 4.8 million attributable ounces of gold and nearly 460 million pounds of copper. As of Dec. 31, 2020, Barrick had 68 million ounces and 13 billion pounds of proven and probable gold and copper reserves, respectively.
- Market Cap: $39.4B
- 7-Day Return: -2.9%
- 30-Day Return: +17.8%
- 30-Day Average Trading Volume: 5,143,592
- Annual Dividend: $0.36
Rio Tinto plc (NYSE:RIO) – $75.42
Gold Mining
Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon. RTZ’s various mining operations are located in New Zealand, Australia, South Africa, Europe and Canada.
- Market Cap: $127.5B
- 7-Day Return: +1.7%
- 30-Day Return: +9.2%
- 30-Day Average Trading Volume: 4,614,842
- Annual Dividend: $9.63
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