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The U.S. stock market is down about 13.9% from its peak, underperforming the Canadian stock market by about 2.3%. Additionally, the stock market in the U.S. is the largest in the world. So, it makes good sense for Canadian investors to shop south of the border.
Here are a couple of no-brainer U.S. stocks for investors in August.
STORE Capital for a 5.5% dividend
In general, rising interest rates have pressured real estate investment trust (REIT) stocks, which tend to have substantial mortgage loans on their balance sheets. Particularly, STORE Capital (NYSE:STOR) is down 23% from its 52-week high.
Inversely, its dividend yield is elevated to 5.5%, which is attractively at the high end of its dividend yield range, perceiving the 2020 spike to be an outlier that happens once in a blue moon. The REIT’s payout ratio this year is estimated to be sustainable…
