A Super-Cheap Dividend Stock for Your Passive-Income Fund

Posted by Joey Fredette

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Who says you need to pay a pretty penny to get robust dividends?

Industrial Alliance (TSX:IAG) is a Canadian insurer and diversified financial firm that has one of the cheapest stocks on the entire TSX index.

The 3.62% dividend may not seem like much when you consider that a 4-5% yield is standard for most financials. When you have a look under the hood, however, it’s more apparent that Industrial Alliance also has one of the more conservative payout ratios out there….CLICK for complete article