Restaurant Brands
Food is recession-resistant and comes under the consumer staples asset type – one of the few areas that can withstand volatile market forces. Restaurant Brands (TSX:QSR)(NYSE:QSR) is a stock that even Warren Buffett likes.
The owner, operator, and franchiser of Tim Hortons, Burger King, and Popeyes rewards stockholders with a 3.1% dividend yield and an 83% payout ratio that leaves room for growth.
Selling at 16.5% less than its fair value, Restaurant Brands is fairly good value for money. With its earnings set to grow by around 20% per year, this one of the few growth stocks on the TSX that could potentially carry on growing during the next recession.
With 76% total returns by 2025, Restaurant Brands is an appealing play for downturn-ready income that a TFSA investor can rely on.
Canadian Personal finance 