goeasy Ltd.
GSY.TO (TSX)
With a dividend yield of approximately 4.48%, goeasy Ltd. stands out as a member of the S&P/TSX Canadian Dividend Aristocrats Index, reflecting its commitment to delivering consistent income. Despite facing a 19.62% decline over the past year, the stock has shown impressive 5-year growth of 42.47%, and analysts project a potential upside of 49.32% from its current price of C$133.92. This positions goeasy as an attractive option for investors seeking long-term recovery and growth, particularly for those with a higher risk tolerance.
Pros:
- S&P/TSX Canadian Dividend Aristocrats Index member
- Strong historical growth since 2021
Cons:
- Significant drop from recent highs
- Negative 1-year return
In summary, goeasy Ltd. (GSY.TO) may be suitable for investors with a higher risk tolerance who are looking for a combination of dividend income and long-term growth potential, particularly given its historical performance and current valuation. However, potential investors should carefully consider the recent decline and market conditions before making any decisions.
