S&P/TSX Canadian Dividend Aristocrats Index, sign up to receive the monthly SI Investing Report, How to Cancel Accounts When a Loved One Passes Away, Asking Companies for Coupons – What You Should Say, Everything You Need to Know About Brokerage Fees. Like the other Canadian banks on this Best Canadian dividend stocks list, I do not expect Royal Bank to raise its dividends until at least early 2022 because of the global pandemic. The utility company pays an annual dividend of $1.74 a share, reflecting a yield of 5.6%. Currently, Enbridge pays an annual dividend of $3.34, reflecting a yield of 7.8%. Learn how to invest in Dividend … To give you a better sense of the type and just how much information is packed into the spreadsheet take a look at the word cloud below. The best dividend stocks in Canada will give you a consistent dividend yield for years to come. However, if you have funds to invest for 10+ years, now is the time to get started with dividend investing. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. According to founder Kanwal Sarai, stocks held in the Simply Investing portfolio have gained more than 322% since 1999, compared to a total stock market return of 146% during the same period. Dividend stocks are some of the best investment options in Canada. The Dividend Aristocrats Index is a list of 50 stocks that have consecutively increased their dividend payments for at least 25 years. The bank’s diversified portfolio, ability to drive loans and deposits, and operating efficiency support its earnings and, in turn, its dividends. The Canadian Dividend All-Star List is an excel spreadsheet with a lot of stock informationon Canadian companies that have increased their dividend for 5 or more calendar years in a row. 2021 Kick-Off Flash Sale Ends at Midnight , 2 Great Canadian Dividend Stocks That Are Too Cheap to Ignore, CEOs of Canada’s Top Banks Have a Warning for Investors, 3 Pot Stocks to Avoid Like the Plague in 2021, 2 Top TSX Stocks to Add to Your RRSP in 2021. If you’re interested in buying stocks with increasing dividends that are poised for long-term growth, you’ll love this list of the 50 highest dividend paying stocks with strong fundamentals. Shopify offers an e-commerce platform primarily to small and medium businesses globally. Required fields are marked. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Unless a post is clearly marked “Sponsored”, however, products mentioned in editorial articles and reviews are based on the author’s subjective assessment of their value to readers, not compensation. Likewise, making it one of the best dividend stocks in Canada to buy of all time in the stock market. Get your list of STRONG Dividend Growth Stocks Methodology. Each month at Canada Stock Channel, we screen through our coverage universe of dividend paying stocks, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock's trading data to come up with certain calculations about profitability and about the stock's valuation (whether we think it looks ''cheap'' or ''expensive''). He dips into a list of Canadian-listed stocks to find those with a 10-year annualized dividend growth rate of 7.2 per cent or more. And if we were to take it a step further to classify Dividend Kings, which are US listed companies that have raised dividends for 50 consecutive years, there wouldn’t be a single stock on this list that makes it. Here's your chance to profit from high dividend penny stocks. Click here to view your 2021 Kick-Off offer. Table of Contents. Investors can sign up to receive the monthly SI Investing Report (15% off with coupon code MAPLEMONEY15). stock data. Or better yet, here is the June 30, 2019 file as an example: Meanwhile, its $37 billion capital growth program is likely to support its earnings growth and, in turn, its higher dividends in the coming years. If you prefer stable income flow from equities, consider buying dividend stocks. Canadian Utilities (TSX:CU) has raised its dividends for 48 years in a row. Is There a Superior Canadian Alternative to Personal Capital? Free Weekly Dividend Newsletter: Free Dividend Newsletter Gain access to weekly reports featuring our proprietary DividendRank lists broken down by the top ranked stocks in each of 18 categories/industry groupings. For more information, head to Simply Investing. Be the first to know about all the latest topics on MapleMoney. When you open an account with Questrade, you’ll benefit from free ETF purchases as well as a robust trading platform, while relative newcomer Wealthsimple Trade offers 100% free trades on ETFs and dividend stocks through their mobile trading app. That said, the most important advice I can give you is to always keep a long term mindset. For more information, check out our full Canadian discount brokerage review, updated for 2020. Tom Drake is the owner and head writer of the award-winning MapleMoney. These are available from all Canadian banks, as well as a number of independent firms, like Questrade, which happens to be our top choice here at MapleMoney. Meanwhile, it projects its distributable cash flow per share to continue to increase at a decent pace, suggesting investors could expect higher dividend payments in the coming years. Fool contributor Sneha Nahata has no position in any of the stocks mentioned. As for equity income, Citizens is one of the more generous dividend stocks on this list. For 2020, I compiled our list of Top 100 Canadian Dividend Stocks from two sources: The Canadian Dividend Aristocrats Index, as well as the Simply Investing Report. There are a few ways in which you can invest in dividend stocks. There are about 81 stocks on the list as of October 30, 2020. This site/free resource is for Canadian Investors looking to list, find, compare, sort and search Dividend stocks on the Toronto Stock Exchange (TSX/TSE) stock market. This tax-efficient income stream is over and above the increasing value of a company’s share price. The dividends may not rise YOY but have remained constant and it’s a real nice percentage for dividend stocks in Canada. Moreover, the bank raised its annual dividends at an average annual rate of 11% since 1995, which is higher than its peers. The company projects its dividends to grow at an average annual rate of 6% over the next five years and yields over 3.9% at the current price levels. Meanwhile, it projects an 8-10% growth in its annual dividend in 2021 and 5-7% after that. While experienced investors may opt to purchase individual stocks for their dividend portfolio, beginner investors can achieve instant diversification through broad index based mutual funds or exchange traded funds (ETF). To do that, transparency is critical. A list of top Canadian stocks wouldn't be complete without the top performing Canadian stock in recent memory, Shopify . Returns since inception, October 2013. As you can see, the dividends are constant year after year. View a list of the best dividend stocks and ETFs that pay their dividends on a monthly schedule. If you prefer stable income flow from equities, consider buying dividend stocks. As you know, so far in 2020 the world has experienced unprecedented market volatility, unlike anything most of us have ever seen before. If we used this criteria to classify Canadian stocks as Dividend Aristocrats, the list below would be trimmed from 83 companies to 9. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Pharma giant AbbVie is a repeat pick among the 15 best dividend stocks roundup, having made the list in 2020. Right-wing app Parler booted off internet over ties to siege. Here are the top five dividend stocks you could consider buying right now. What You Need to Know About Alternative Investments, About The Canadian Dividend Aristocrats Index, Smartcentres Real Estate Investment Trust. To become a member of the Canadian dividend aristocrats list, 5 years of consecutive dividend increases are already sufficient, while the minimum requirement is 25 years for the US stocks. I think Canadian banks are a pretty solid option to invest in … for a very long period and have increased them in the last 10 years. Canadian Utilities derives its earnings from the regulated utility assets that generate predictable and growing cash flows and support its payouts. If you’re interested in dividend investing, our top 100 list offers a perfect starting point. But first, allow … S&P 500 3,799.61. Stock name & Symbol # of holding : Comments : Algonquin Power & Utilities Corp (TSE:AQN) 700: Dividend growth utilities stock: Altagas Ltd (TSE:ALA) 150: Dividend growth utilities stock: Allied Properties Real Estate Investment (TSE: AP.UN) 100: A Canadian REITs mainly focus on Office properties in the major Canadian market. The S&P 500 applies the following criteria to construct the US Dividend Aristocrats list: Like other Canadian banks, Royal Bank has put aside a huge amount of money in case of any loan defaults. Shaw has a current yield of 5.2%. dividend calendar,ex-dividend calendar,ex-div calendar. Like Canadian Utilities, Fortis also derives its earnings from regulated assets that generate resilient cash flows and support its payouts. Stocks like AGNC Investment (AGNC), DCP Midstream (DCP), Canadian Imperial Bank (CM), China Petroleum & Chemical Corporation (SNP) and Vodafone (VOD) offer a healthy dividend … Utility giant Fortis (TSX:FTS)(NYSE:FTS) has raised its dividends for 47 consecutive years and remains well-positioned to increase it further. There are plenty of funds available that focus specifically on dividend-paying companies. TC Energy currently offers a high yield of 6%. The management fees (MERs) of most index funds are well under 1.00% annually, while ETFs are even cheaper, with many charging less than .10% per year. BMO InvestorLine Review: A Premium Canadian Discount Broker. As a result, many North American dividend stocks are well undervalued, presenting long term investors with a unique buying opportunity, and making it an ideal time to embrace a dividend investing strategy. All rights reserved. There are plenty of other Canadian Financial Dividend Paying stocks to choose from: TD Bank (TD), Royal Bank (RY), Bank of Nova Scotia (BNS) to name a few. My Canadian dividend stocks portfolio as of September 01, 2020. Rob Carrick has this helpful list of Canadian dividend stocks that increased payouts by more than an average 7.2 per cent annually from 2010 through November, 2020. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. 3 Canadian Monthly Dividend Stocks With Yields Up To 8%; The 7 Wide Moat Canadian Stocks; The Best Canadian Bank Stocks Today, Ranked In Order; Canadian Taxes for US Investors: The Comprehensive Guide ; Sure Dividend also maintains several databases of other international stock market indices. Please enable JavaScript in your browser. This is your chance to get in early on what could prove to be very special investment advice. It’s a valuable resource that is typically used as a starting point to identify and screen Canadian dividend growth stocks. You can also listen to my recent interview with Kanwal on The MapleMoney Show, where he discusses the 12 Rules of Simply Investing. The top 10 high yield stocks identified are based on the highest yield of dividend stocks excluding REITs within the Canadian Dividend Performance List covering over 120 of the top Canadian stocks. Another benefit to this passive investment strategy is that it’s highly cost-efficient. Parler squeezed as Trump seeks new online megaphone . In order to be included on the list a company must meet three criteria: Below are my picks for the 11 best Canadian dividend stocks for 2021 investors. Enbridge stock. The 2020 Canadian Dividend Aristocrats are Canadian stocks that that have grown their dividend for 5+ years in a row. High quality dividend paying stocks provide both dividend income, and the potential for stock price growth. According to the S&P, to be included in the S&P/TSX Canadian Dividend Aristocrats Index, companies must meet, among other things, the following criteria: The Simply Investing Report is even more discriminating than Dividend Aristocrats. Specifically, the guide lets you navigate popular dividend investment themes and separately pick the best dividend-focused stocks, ETFs or mutual funds. National Bank is not as old as BMO though! TC Energy (TSX:TRP)(NYSE:TRP) has raised its annual dividends by a CAGR of 7% in the past 20 years. The Motley Fool owns shares of and recommends Enbridge. Leading Canadian lender Toronto-Dominion Bank (TSX:TD)(NYSE:TD) has paid dividends for 164 straight years. I have taken out a list of the top five Canadian dividend stocks that have been paying dividends for a very long period and have increased them in the last 10 years. Robinhood Canada: What Are Canadian Alternatives to the No-Fee Investing App? Investors can use their dividend income to either buy more shares via a dividend reinvestment plan (DRIP) or to generate a steady income stream. Your email address will not be published. If you prefer stable income flow from equities, consider buying dividend stocks. Subscription solutions allow merchants to conduct business through Shopify's tools, while … For a REIT list, se the Canadian REIT list. If dividend investing is something that interests you, there are plenty of places online where you can learn more about this tried and true investment strategy, starting with the following list of Top 100 Canadian Dividend Stocks for 2020. Royal Bank of Canada stock. Furthermore, these companies produce resilient cash flows, indicating they could continue to raise their dividends over the next decade. Best Canadian dividend stocks: BMO stock. Overview Dividend All-Stars Top 100 Dividend Stocks Past Performance Methodology How to use this table We pack a plethora of information about the Dividend All-Stars into these tables. Canadian dividend stocks have historically been strong performers; Dartmouth professor Kenneth French studied stock picking strategies globally and his numbers demonstrate that dividend stocks fared particularly well in Canada.In one study, Professor French sorted Canadian stocks by dividend yield at the end of December and … 5 Stocks Under $49 (FREE REPORT). But 5 years or more of dividend growth does not by itself qualify a stock as a Canadian Dividend Aristocrat. Many of those stocks were income trusts and have switched to corporations and continued with monthly dividend payments. Fortis (TSX:FTS) (NYSE:FTS), Royal Bank of Canada (TSX:RY) (NYSE:RY), and TC Energy (TSX:TRP) are three top Canadian dividend stocks to buy in … Even then, not all monthly income stocks are equal. For our list, I’ve only included Canadian stocks from the SI Investing Report with an SI Criteria score of over 7. The company’s robust dividend payments are backed by its high-quality earnings base. If you prefer stable income flow from equities, consider buying dividend stocks. The Motley Fool Canada » Bank Stocks » The 5 Best Canadian Dividend Stocks to Buy Right Now, Sneha Nahata | January 13, 2021 | More on: ENB FTS TD TRP CU ENB FTS TD TRP. Don't miss out! If dividend investing is something that interests you, there are plenty of places online where you can learn more about this tried and true investment strategy, starting with the following list of Top 100 Canadian Dividend Stocks for 2020. Insider Q&A: Bitcoin's massive rise and what comes next. To be included in the Dividend Achievers Index, a stock must be a member of the S&P 500 and meet certain size and liquidity requirements. Stocks slip as Wall Street takes a breather after 4-day run. Having the list of monthly dividend stocks along with metrics that matter is a great way to begin creating a monthly passive income stream. It analyzes more than 220 North American dividend stocks, and applies the 12 Rules of Simply Investing to each one. Enbridge (TSX:ENB)(NYSE:ENB) has increased its dividends for 26 consecutive years. The Motley Fool Canada » Bank Stocks » The 5 Best Canadian Dividend Stocks to Buy Right Now If you prefer stable income flow from equities, consider buying dividend stocks. This was created for personal use*, but I hope that others can find it useful as there doesn't seem to be a free resource on the net with this information arranged in this format. Furthermore, these companies produce resilient cash flows, indicating they could continue to raise their dividends over the next decade. Starting with Flexible Solutions International.. Current as of January 15, 2021. Our goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. They operate in two primary segments, subscription solutions and merchant solutions. Canadian Utilities’s continued investments in regulated and long-term contracted assets suggest that it could continue to deliver healthy earnings and cash flows in the coming years, which is likely to support its higher dividend payments. The Motley Fool recommends FORTIS INC. Not to alarm you, but you’re about to miss an important event. Fortis’s focus on increasing its rate base growth and opportunistic acquisitions is likely to drive its dividends in the coming years. I understand I can unsubscribe from these updates at any time. © Drake Media Inc. – All rights reserved. The company’s diversified cash flows, secure growth projects, and strength in its core business support its higher payouts. Canadian Stocks That Pay US Dividends. QQQ 314.42. Comprehensive Guide to Dividend Stock, ETF and Fund Investing in 2021 The new Guide to Dividend.com is your one-stop directory for all your favorite dividend lists and investment themes. Genworth MI Canada Inc (MIC) Annual Dividend – 5.05% ... Shaw currently pays an annualized dividend payout of $1.182 per share in Canadian dollars; in U.S. dollars, the stock has a current annual dividend payout of ~$0.93 per share. With only a handful of trading weeks left in the year, ABBV stock earned its superlative, adding about 23% in the calendar year. Join Stock Advisor Canada for 73% OFF today…. In Canada, there are a large number of publicly traded companies with a track record of sharing profits with investors year after year, in the form of regular dividend payments. We’re happy with the strong long-term results generated by the Dividend All-Stars, but aren’t surprised. The company’s dividends are backed by high-quality earnings from its diversified assets that are either regulated or have long-term contractual arrangements. Furthermore, these companies produce resilient cash flows, indicating they could continue to raise their dividends over the next decade. Issued by the Bank of Montreal, this income-producing asset seeks to provide investors with the chance to benefit from exposure to the performance of a yield-weighted portfolio of Canadian dividend-paying stocks. Whether you are wanting to buy ETFs, or purchase individual dividend stocks of companies featured on our top 100 list, the way to do it is by opening a discount brokerage account. Must be a common stock or income trust listed on the TSX and S&P Canada BMI; Increased ordinary cash dividends every year for 5 years; Minimum market capitalization of C$300 million. The bank pays an annual dividend of $3.16 a share, reflecting a yield of 4.2%. I have taken out a list of the top five Canadian dividend stocks that have been paying dividends for a very long period and have increased them in the last 10 years. Hurry, this flash sale will end at midnight…. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Before we jump into the best Canadian companies that pay a monthly dividend income, let’s review the full list. With a career as a Financial Analyst and over a decade writing about personal finance, Tom has the knowledge to help you get control of your money and make it work for you. I have taken out a list of the top five Canadian dividend stocks that have been. 7. I have taken out a list of the top five Canadian dividend stocks that have been paying dividends for a very long period and have increased them in the last 10 years. Although we described them as an anomaly, many would be surprised at how familiar most of these companies are to us. But first, allow me to explain the methodology behind our top picks. BMO Canadian Dividend ETF is another excellent entry on the list of the best dividend ETFs in Canada. With the expected improvement in the economy, Toronto-Dominion Bank’s top and bottom line could show growth in 2021. We compiled a list of penny stocks that pay dividends in 2020. Complete List of Monthly Income Stocks. Under the Rule of … Of course, any duplication from the two lists was removed, as well as the lowest yield performers from the combined list to arrive at 100. But with so many options to choose from, it can get overwhelming to even start thinking about a stock to invest in.. © 2021 The Motley Fool Canada, ULC. Besides these top dividend stocks, take a look at this free report now for high-quality value stocks... Just Released!