The top dividend stocks that we have found should perform well in the current inflationary environment
SmallCapPower | February 28, 2022:The steady income stream dividend stocks can help mitigate risk during periods of high stock-market uncertainty. We have today identified three dividend stocks that can boost your portfolio’s return in an inflation-prone 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 country’s largest agricultural retailer. It sells fertilizers, crop chemicals and seeds directly to farmers via 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. The firm produced almost 4.8 million attributed ounces of pure gold and nearly 460,000,000 pounds of copper in 2020. Barrick had 68million ounces of gold and 13 billion pounds of copper reserves.
- 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, an international mining company, is Rio Tinto PLC. The Company is interested in mining for aluminum and borax, copper, gold. 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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