Relating to constructing long-term wealth, large-cap shares are sometimes a few of the greatest shares you should purchase because the spine of your portfolio. Giant-cap shares are outlined as any firm with a market cap of greater than $10 billion. So naturally, these are well-established companies with confirmed observe data, robust money flows, and in lots of instances the flexibility to climate financial cycles.

Due to this fact, as a result of these firms are so well-established, typically dominant of their industries and usually defensive, they’re typically a few of the most steady and dependable firms you should purchase, which is why they’re so essential for long-term buyers.

The problem, although, is that many large-cap firms include excessive share costs, generally nicely over $100 per share. That may make it really feel intimidating for buyers who don’t have hundreds of {dollars} to deploy abruptly.

The excellent news, although, is that there are nonetheless loads of high-quality, large-cap Canadian shares buying and selling under $50 to purchase now that may supply each affordability and reliability.

So, in case you’re trying to shore up your portfolio and purchase dependable, well-established companies, listed below are 4 large-cap shares buying and selling under $50 a share.

Relating to investing in large-cap shares, the telecom sector is a superb place to start out. Telecom shares are ultimate long-term investments as a result of they supply important providers, generate billions in money movement, and have years of progress potential forward because the inhabitants continues to develop.

And two of the most effective telecom shares on the TSX, and unsurprisingly two of the most effective large-cap shares to purchase now, are BCE (TSX:BCE) and Telus (TSX:T).

BCE’s share worth at the moment sits round $32, giving it a market cap of simply over $30 billion and exhibiting simply how huge of an organization it’s. Moreover, the inventory gives a present dividend yield of 5.4%, making it among the finest investments that passive earnings mills should buy now.

In the meantime, Telus is buying and selling slightly below $21 per share, giving it a market cap of roughly $32 billion. Moreover, its dividend yield is at the moment sitting at greater than 8%, one of many highest yields of any large-cap inventory you should purchase now.

A prime utility inventory and power inventory

Along with telecom, the utility sector is one other place to seek out high-quality large-cap shares you should purchase and maintain eternally. And whereas many utility shares commerce above $50 per share, one that also has a share worth under $50 is AltaGas (TSX:ALA).

AltaGas is each a utility inventory and a midstream power firm. Due to this fact, though it’s nonetheless an extremely dependable large-cap inventory you should purchase, it technically has barely extra threat than a pure utility inventory, but in addition gives barely extra progress potential.

At the moment it trades at simply over $42 a share and has a market cap north of $13 billion. Moreover, it gives a present dividend yield of three%.

In the meantime, one other large large-cap inventory to purchase whereas it trades under $50 a share is Canadian Pure Assets (TSX:CNQ).

Canadian Pure Assets is the biggest oil producer in Canada. Its operations are usually not solely large and well-diversified but in addition sustainable, making it one of many best possible large-cap shares you should purchase within the power sector.

Moreover, it additionally gives among the finest dividend yields within the power sector once you consider each the yield and its sustainability. Proper now, with Canadian Pure Assets buying and selling at simply over $44 per share, its yield is sitting at 5.3%, exhibiting why this $92 billion power large is without doubt one of the greatest large-cap shares to purchase now.