Breaking Barriers: Canadian Women-Led Stocks That Inspire

Women are slowly but surely taking over more executive roles, but they still deserve celebration for bringing these three companies to the forefront.

| More on:

Diversity is a large driver of success for companies. Different opinions and ideas can make any company perform better, and that means including everyone under the sun. Yet women remain marginalized when it comes to executive roles, with a recent Globe and Mail survey finding about 46% of the largest companies in Canada have women in executive roles.

Today, we’re going to celebrate three of those companies. These are the ones to celebrate if you’re a Canadian looking to support the advancement of women in executive positions, and put your money where your heart is.

So let’s get into why these three companies are a great buy, with women leading the way.

Artizia

Aritzia (TSX:ATZ) has come out as a top stock over the last few years, with a sudden boost during the pandemic in the United States. Since then, the company has continued to see growth quarter after quarter, even during a weakened market both in Canada and the U.S.

Aritzia currently has women in 73% of executive leadership roles. Quarter after quarter the company has beat out earnings estimates, and it remains a strong buy recommendation by several analysts.

And yet, shares of Aritzia stock are up just 9% in the last year, falling 23% year to date. This likely comes as many take their returns from the stock, looking to hold onto cash during this downturn. Yet there is very little that Aritzia stock has done to deserve the drop. Therefore, it looks like the women leading this company need to just keep doing what they’re doing, and investors will certainly return.

Dream Unlimited

A large number of women can be found in executive roles in retail companies. However, some are starting to edge in on the territory of other sectors. This includes Dream Unlimited (TSX:DRM) and the real estate industry, where Dream currently has women in 46% of executive roles.

Here investors can certainly get a deal or this top company which has spin offs in several real estate sectors. Dream stock has beat out estimates in two of the last three quarters, with analysts recommending the stock if you’re looking for a rebound and long-term hold.

Shares of the stock are down 33% in the last year during this poor market, and 16% year to date. This does mean, however, that you can nab shares for a great deal. Dream stock trades at six times earnings, with a dividend yield currently at 2.37%.

Lundin Mining

Finally, we have Lundin Mining (TSX:LUN), another women-led company doing quite well this year. Lundin stock is up 16% in the last year, and a whopping 28% year to date. Thirty-one percent of executive roles are taken by women as of writing.

Now the reason Lundin stock might be doing so well right now is thanks to the mineral it mines for, namely copper. While gold might be doing well for now during a weakened economy, copper is a strong long-term option. It has uses, especially in a world desperate for technology and renewable energy.

As copper production continues to increase Lundin stock should continue climbing as well. The company continued to grow its outlook for 2023, as well as finish up a new acquisition. So there’s definitely more growth to be had for Lundin stock, making it a great buy with that 3.36% dividend yield.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aritzia. The Motley Fool recommends Dream Unlimited. The Motley Fool has a disclosure policy.

More on Dividend Stocks

Train cars pass over trestle bridge in the mountains
Dividend Stocks

Is CNR Stock a Buy, Sell, or Hold for 2025?

Can CNR stock continue its long-term outperformance into 2025 and beyond? Let's explore whether now is a good time to…

Read more »

coins jump into piggy bank
Dividend Stocks

The Smartest Dividend Stocks to Buy With $500 Right Now

These top dividend stocks both offer attractive yields and trade off their highs, making them two of the best to…

Read more »

Middle aged man drinks coffee
Dividend Stocks

Here’s the Average TFSA Balance at Age 35 in Canada

At age 35, it might not seem like you need to be thinking about your future cash flow. But ideally,…

Read more »

ETF stands for Exchange Traded Fund
Dividend Stocks

How to Invest Your $7,000 TFSA Contribution in 2024

Here's how I would prioritize a $7,000 TFSA contribution for growth and income.

Read more »

a man relaxes with his feet on a pile of books
Dividend Stocks

CPP Pensioners: Watch for These Important Updates

The CPP is an excellent tool for retirees, but be sure to stay on top of important updates like these.

Read more »

Technology
Dividend Stocks

TFSA Investors: 3 Dividend Stocks I’d Buy and Hold Forever

These TSX dividend stocks are likely to help TFSA investors earn steady and growing passive income for decades.

Read more »

four people hold happy emoji masks
Dividend Stocks

Love Dividend Growth? Check Out These 2 Income-Boosting Stocks

National Bank of Canada (TSX:NA) and another Canadian dividend-growth stock are looking like a bargain going into December 2024.

Read more »

An investor uses a tablet
Dividend Stocks

A Dividend Giant I’d Buy Over Enbridge Stock Right Now

Enbridge stock may seem like the best of the best in terms of dividends, but honestly this one is far…

Read more »