It’s nonetheless a good time to choose up dividend shares for traders in search of funds throughout this bear market. However don’t neglect {that a} bull market all the time comes after a bear market or recession. Which means proper now could be the proper time to choose up strong dividend shares earlier than a bull market comes down.

I do say strong dividend shares, which suggests firms which might be on account of get better within the bull market. Not those who simply provide excessive yields, with nothing else. So, take into account these three when speaking to your monetary advisor.

NorthWest REIT

NorthWest Healthcare Properties REIT (TSX:NWH.UN) stays a powerful purchase even after earnings that got here in with nothing too thrilling to supply. The REIT reported it continued to have a 97% occupancy price in addition to a 13.6-year common lease settlement.

But NorthWest REIT additionally continues to maneuver ahead with a three way partnership in the UK, one it expects to be up and operating by June 30. So, now might be a good time to choose it up together with your different dividend shares for a restoration within the subsequent few months.

NorthWest REIT is now one of many dividend shares providing a 9.91% dividend yield, with shares down 37% within the final yr, as of writing. Ought to it get better to former 52-week highs, that will be a possible upside of 69% as of writing.

iShares Month-to-month Revenue ETF

If you happen to don’t wish to sink your money into only one inventory, that’s completely honest in a bear market. Which is why now is a superb time to purchase an exchange-traded fund (ETF) that focuses on dividend shares. iShares Canadian Monetary Month-to-month Revenue ETF (TSX:FIE) is subsequently the proper choice for traders on the fearful aspect forward of a bull market.

That is additionally one of many dividend shares offering some safety for a fast restoration, with shares down simply 7.7% within the final yr. It at present gives a 7.07% dividend yield as effectively, with holdings primarily in monetary establishments with some actual property. It additionally gives world publicity, because the ETF invests in firms exterior Canada as effectively.

Ought to shares get better quickly, you could possibly be getting a steal with dividend shares like this one. Ought to the inventory get better to former 52-week highs, that will be a possible upside of about 14% as of writing.

Scotiabank

Each of those dividend shares provide secure passive earnings as a result of they’re receiving secure passive earnings. However what about Canadian banks? Many traders could fear that Canadian banks are going to drop simply as American ones have. Nevertheless, there’s far much less competitors right here the place Canadian banks take pleasure in an oligopoly. Even so, many Canadian banks have loads of publicity in the US and will drop due to it.

Not Financial institution of Nova Scotia (TSX:BNS). Scotiabank inventory gives safety, as its investments exterior of Canada primarily concentrate on Central and Latin America. This concentrate on rising markets has additionally offered sluggish and regular climbs in share worth, quite than climbs and falls.

Scotiabank inventory now gives a dividend yield at 6.19%, with shares down 18% within the final yr. It ought to get better shortly, nevertheless, because it has throughout the previous couple of recessions. So, it at present has a possible upside of 29% to achieve former 52-week highs.