Dividend investing is a great way to ensure that you create passive wealth during both bull and bear markets. Dividend stocks are companies that pay out a part of their profits to their shareholders.
Dividend investing is favored by many investors because it gives them the benefit of passive income plus long-term capital gains as the value of the stock rises over time.
Royal Bank of Canada is one of the leading banks in Canada. After losing close to 10% of its value, the Royal Bank stock is now highly undervalued and is close to its 52-week low.
Also, Royal Bank’s second-quarter results were not that bad. Though there was a 3.4% reduction in the revenues, net income was up by 6% YOY to $4.3 Billion.