Emera Inc. is a leading North American diversified energy and services company with assets worth $30 billion. MoneySense continues to update and make changes to correct any factual errors. Annual dividend: $3.48 Oct. 9, 2020 price: $34.74 Dividend yield: 10.02% Exxon Mobil joins Chevron as one of the biggest players in the global energy industry. It supplies more than 25% of natural gas... #2 – Emera. For more information, please read our policies. The company’s payout ratio is still below 30% and it has a history of increasing its dividend, plus its high yield (which is now at 4% up from 1.9% in 2018) and current valuation has investors kicking the tires. 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. Dennis also manages his own investment portfolio and has funded several businesses in the past. This year 24 companies measure up as promising prospects. Read our (investment risk disclosure) for more information. When you invest, your money is at risk and it is possible that you may lose some or all of your investment. Looking to balance out your portfolio with bonds? The dividends of those that have raised annually for decades are considered to be much safer than those with shorter histories. Best Dividend Stocks Canada (American and Canadian Stocks) Since then, the markets have swung up and economies are reopening, though volatility continues to rattle markets … Copyright 2020 Wealthsimple Technologies Inc. Trade stocks with zero commission when you use Wealthsimple Trade. They have a vast portfolio of assets spread across North America, the UK North Sea, and Offshore Africa. High-dividend stocks can be a good choice for investors who want regular income. To earn top marks, each company must demonstrate its ability to provide a steady flow of income to investors, at a reasonable price. Click to skip ahead and see the Top 5 Dividend Stocks That Pay Monthly. We’ve graded the largest, most liquid Canadian dividend stocks based on Yield, Stability and Value. The following is a list of the best dividend stocks in Canada, starting with the highest dividend. The longer the streak, the more committed management is to keeping it alive. All of these companies are in an excellent position to grow their dividends again due to their low payout ratios, strong earnings potential and low debt levels. Share on Linkedin 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). We simply can’t predict the future, no matter how steady their past has been. Royal Bank, the largest company in Canada by market cap, was the only one of the Big Banks not to earn either an A or B rating. The best dividend stocks in Canada 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. Top 10 Canadian Dividend Stocks #1 – TC Energy. Typically, the longer a company’s dividend-growth streak the better. The higher yield, in this case, is indicative of a down year rather than a dramatic increase in its quarterly distribution. When you sift through this year’s Dividend All-Stars, you’ll find no shortage of high-yield stocks. I liked stocks with a high dividend yield, but not too high for the payout ratio to signal trouble. You can spot them using the dividends-to-earnings ratio. Such is the case with the Canadian oil and gas provider, Vermilion Energy (VET). Investors need to be keenly aware of how sustainable those dividends are; sometimes they’re not. 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