The TSX-listed Canadian dividend stocks we’ve discovered have an average yield of 5.4% with an average return of 48.5% in 2019. Keyera Corp. transports, stores, and markets natural gas liquids and iso-octane in Canada and the United States. Green Power and Transmission operates renewable energy assets (wind, solar, geothermal, and waste heat recovery facilities) and transmission facilities in Alberta, Ontario, and Quebec, Canada; and in several parts of the United States. I liked companies that were value-priced, meaning they were trading at a low price to earnings. Get $50 FREE Questrade Trades to Buy Dividend Stocks The North West Company stock The following is a list of the best dividend stocks in Canada, starting with the highest dividend. While high yields can be a warning sign, they can also suggest a company is undervalued. BCE Inc. is a vertically integrated telecommunications and media company that provides wireless and wired Internet and TV services to residential, business, and wholesale customers in Canada. Over the past year, there have been mounting concerns about the global economy. It sells its products through distribution network of third-party financial advisors, consultants, and independent financial advisors. Almost one in five companies has a yield above 5%, up slightly from last year. While Methanex isn’t a blue-chip stock, it is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America. Mark Brown  on December 16, 2019. The Motley Fool Canada » Coronavirus » The 3 Best Monthly-Paying Dividend Stocks I’d Buy With $50 for 2021 The 3 Best Monthly-Paying Dividend Stocks I’d … Past performance is no guarantee of future results. This year 24 companies measure up as promising prospects. Let's review some of the best cheap dividend stocks in the market today in this slideshow. The top three dividend issuers in the second quarter were Enbridge (ENB) (US$1.11 billion in dividends paid out), RBC (RY) (US$1.089 billion in dividends paid out) and TD Bank (TD) (US$1.008 billion in dividends paid out). The Vancouver-based methanol producer was beaten up last year. It produces and supplies methanol in North America, the Asia Pacific, Europe, and South America, and also purchases and resells methanol produced by other companies. ... Best online brokers in Canada … TransAlta Renewables is a renewable energy company and subsidiary of TransAlta Corporation. Customer accounts are protected by the Canadian Investor Protection Fund within specified limits. Methanex is the largest producer and supplier of methanol in the world thanks to its low-cost natural gas feedstock and long-term natural gas contracts. Here are some of the top dividend-paying stocks to buy for the year ahead. Market cap: $4.1 billion While we seek out companies with plump yields, we focus on the ones that can maintain them. Wealthsimple Crypto is made available through the Wealthsimple Trade app, but is offered by Wealthsimple Digital Assets Inc., a virtual currency dealer money services business authorized by FINTRAC. Top 10 Canadian High Yield Dividend Stocks This month’s results are a snapshot in time at the time of writing and many factors could change the rankings. Our content is made possible by clients who pay for our smart financial services. Read Financial priorities for the new year, Read Canadian investment pros’ best tips for 2021, Read Making sense of the markets: a look back at 2020, Read Using The Wealth Formula to boost investment success, Read What investors need to know about forex: a beginner’s guide. And while these firms have the ability to either continue or increase payouts, they do not always feature the highest dividend yield. . The company was formerly known as Keyera Facilities Income Fund. We don’t endorse any of one stock because there’s no guarantee that any of these stocks will continue to pay dividends. Read Best high-interest savings accounts in Canada 2021, Read A guide to the best robo-advisors in Canada for 2021. Given this, there is no company more committed than Canadian Utilities(TSX:CU). Seeking long-term total returns, its approach consists of using reliable dividend-paying assets. They find, develop, produce, and market crude oil, natural gas, and natural gas liquids. Like the other insurance companies on this list, Power Corporation offers life, disability, and illness insurance, reinsurance products, retirement products, annuities, securities, and mortgage products, wealth management services, and other financial products. It owns the largest collection of methanol equipment assets, including ocean tankers, barges, railways, trucks, and pipelines. Typically, stocks that pay dividends are larger, more established companies. By using this website, you accept our (Terms of Use) and (Privacy Policy). The electricity they sell comes from various sources, such as landfill gas, natural gas, waste heal, coal, wind, solar, and solid fuels. ... we reward firms that earn more than they pay out in dividends. Our Trade and Save products are offered by Canadian ShareOwner Investments Inc. (ShareOwner), a registered investment dealer in each province and territory of Canada. Bell Wireline provides Internet access, telephone services, and other communications products. You can spot them using the dividends-to-earnings ratio. Need a brokerage account? Perish the thought, but it happens. It operates a network of 4,000+ kilometers of pipelines and 17 natural gas processing plants located on the western side of the Western Canada Sedimentary Basin., provides natural gas gathering and processing services, markets natural gas liquids (such as propane, butane, condensate, sulphur, and iso-octane), and offers processing services through its network of underground caverns, fractionation facilities, rail and truck terminals, and pipelines. Copyright 2020 Wealthsimple Technologies Inc. Trade stocks with zero commission when you use Wealthsimple Trade. CIBC is the only bank to earn top marks with its 5.15% yield. Financial Markets sells risk management services and products, equity underwriting, and advisory services. Some stocks pay dividends, which are payments made to shareholders. #1 - Amgen (NASDAQ:AMGN) Share Price: $238.49 If a sharp increase in yield can indicate that a stock is oversold—meaning the share price has fallen too far, too fast—then Methanex may be a company worth a closer look. Cryptocurrencies purchased and held in an account with Wealthsimple Crypto are not protected by CIPF, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme. 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. Buying stocks can be overwhelming, especially if you don’t know the market well. Click to skip ahead and see the Top 5 Dividend Stocks That Pay Monthly. When you invest, your money is at risk and it is possible that you may lose some or all of your investment. With all signs pointing to a recession, dividend stocks will offer investors some safety over the mid- and long-term, she says. The share price has risen 15.64% over the past 12 months and is now 3.30% below the 52-week high and 77.35% above the 52-week low. Dividends deliver returns through a down market and allow investors to avoid locking in losses by liquidating down positions. Our Cash product is offered by Wealthsimple Payments Inc., a money services business registered by FINTRAC. The content is not intended to be investment advice, tax, legal or any other kind of professional advice. Is your credit card’s travel insurance enough? It’s important to be aware that a high yield stock can either be a good income source or a warning sign for the dividend. Compare Best Online Brokers in Canada* >. He writes about personal finance for Wealthsimple. Insurance companies tend to perform well on the Dividend All-Stars, but investors need to be mindful of the shifting interest-rate environment. It also sells smartphones and tablets, mobile Internet hubs, Wi-Fi devices, and smart devices. “It’s hard to find cheap dividend stocks today,” contends Michele Robitaille, managing director at Guardian Capital LP, but she believes they are still the best option for investors right now. If a sharp increase in yield can indicate that a, stock is oversold—meaning the share price has fallen too far, too fast—. Welcome to one of Canada's most popular dividend stock lists, compiled by Kyle Prevost with the help of Canada's foremost dividend stock expert, Mike from Dividend Stocks Rocks (click this link for 45% discount for Mike's premium newsletter). We are committed to looking at all available products in the market, and where a product ranks in our article or whether or not it's included in the first place is never driven by compensation. They have a wide line of products that expands every year, which makes this company a great buy as auto sales continue to climb. U.S. SmallCapPower | January 2, 2020: Dividend-paying stocks can generate income for investors without having to sell shares. The longer the streak, the more committed management is to keeping it alive. Please contact us. Emera Inc. is a leading North American diversified energy and services company with assets worth $30 billion. Investors need to be keenly aware of how sustainable those dividends are; sometimes they’re not. Gas Transmission and Midstream owns natural gas utility operations that serve residential, commercial, and industrial customers in Ontario, Quebec, and New Brunswick. Dividend stocks have long been admired for their ability to create income for investors regardless of market conditions. It is one of the largest generators of wind power in Canada. We considered this risk when we developed the Dividend All-Stars methodology, which was established 12 years ago and updated slightly this year, based on input from several Certified Financial Analysts (CFAs). High quality dividend paying stocks provide both dividend income, and the potential for stock price growth. Subsequently, between its healthy growth in its earnings in recent years and its relative value, it’s an interesting opportunity. Dream … MoneySense continues to update and make changes to correct any factual errors. TC Energy is a leading North American infrastructure company. Mark Brown  on December 16, 2019, By  Dennis holds a Bachelor's degree from the University of Connecticut. then Methanex may be a company worth a closer look. The company is undertaking a major capital investment program, which could put some stress on its balance sheet and limit the company’s ability to buy back shares. Buy and sell thousands of stocks and funds with just a few taps, all commission-free. It owns hundreds of media assets (TV and radio stations, streaming services, websites, etc.). Options trading is the practice of buying and selling option contracts on the open market. Dennis also manages his own investment portfolio and has funded several businesses in the past. Read Should you buy a condo to live in during retirement—before you retire? Money in your Cash account is held in an account with ShareOwner. Best Dividend Stocks In Canada 2020, Investors pursuing a long-term financial goal tend to favour dividend-paying stock because it can be an important potential step toward finally living off of a regular stream of income.. Kevin O’Leary, chairman, O’Leary Financial Group, says that when it comes to investing in stocks, always look for the ones that pay a dividend. Additional, Power Corporation generates renewable energy through solar and wind facilities, manufactures LED lighting solutions and zero-emission vehicles, and operates equity investment funds. Our top 10 Canadian dividend stocks to be looking at heading into 2021 Savaria (TSX:SIS) Sunlife Financial (TSX:SLF) Granite REIT (TSX:GRT.UN) Bank of Nova Scotia (TSX:BNS) Allied Properties REIT (TSX:AP.UN) TC Energy (TSX:TRP) Genworth MIC (TSX:MIC) BCE (TSX:BCE) Royal Bank of Canada … In fact, there are only 22 stocks on this list. Looking to balance out your portfolio with bonds? I think Canadian banks are a pretty solid option to invest in despite the pandemic and recession. When you sift through this year’s Dividend All-Stars, you’ll find no shortage of high-yield stocks. Market cap: $105 billion We place as much weight on a company’s ability to maintain and grow its dividend as we do on its yield. Capital Power Corporation develops, acquires, owns, and operates power generation facilities throughout the United States and Canada. This article is provided for informational purposes only. This may not be all of the monthly dividend payers here in Canada, but it's the ones we'd recommend looking at, especially for new investors looking to learn how to buy stocks. Typically, the longer a company’s dividend-growth streak the better. Enbridge Inc. is the largest energy infrastructure company in North America, serving 3.7 million customers in Canada and the United States. Canadian Natural Resources is a gas and oil exploration and production company. Canadian stocks that pay monthly dividends are quite rare. It operates through five segments: Liquids Pipelines operates oil, gas, and refined products pipelines and terminals. Before we offer our final grades, we also want to be sure we’re identifying companies that provide value. It sells a wide line of products, including life, disability, critical illness, and health insurance products, retirement accounts, wealth savings and income products, employer-sponsored defined contribution plans, reinsurance products, wealth management services, and much more. As much as dividend investors love the concept of being paid to wait, we don’t think investors want to extend that period by overpaying upfront for that privilege. Wealthsimple Crypto is currently not registered as a securities adviser or securities dealer. A brochure describing the nature and limits of coverage is available upon request or at (www.cipf.ca). By  For more information, please read, Calculating how much money you’ll need at retirement. Three stocks that pay better ... RBC pays you more than Coca-Cola does while providing you with lots of safety as one of Canada's top banks. But with so many options to choose from, it can get overwhelming to even start thinking about a stock to invest in.. 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