TC Energy currently offers a high yield of 6%. Investors can use their dividend income to either buy more shares via a dividend reinvestment plan (DRIP) or to generate a steady income stream. 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. For a REIT list, se the Canadian REIT list. 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. Fortis’s focus on increasing its rate base growth and opportunistic acquisitions is likely to drive its dividends in the coming years. The 2020 Canadian Dividend Aristocrats are Canadian stocks that that have grown their dividend for 5+ years in a row. In order to be included on the list a company must meet three criteria: The company’s dividends are backed by high-quality earnings from its diversified assets that are either regulated or have long-term contractual arrangements. 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. Like other Canadian banks, Royal Bank has put aside a huge amount of money in case of any loan defaults. Besides these top dividend stocks, take a look at this free report now for high-quality value stocks... Just Released! Royal Bank of Canada stock. 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. Dividend stocks have long been admired for their ability to create income for investors regardless of market conditions. Complete List of Monthly Income Stocks. There are a few ways in which you can invest in dividend stocks. Tom Drake is the owner and head writer of the award-winning MapleMoney. The company’s robust dividend payments are backed by its high-quality earnings base. 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. Even then, not all monthly income stocks are equal. However, if you have funds to invest for 10+ years, now is the time to get started with dividend investing. TC Energy (TSX:TRP)(NYSE:TRP) has raised its annual dividends by a CAGR of 7% in the past 20 years. And lock in one of the lowest prices we’ve EVER offered for our stock-picking service that's beating the market by nearly 4X! Moreover, the bank raised its annual dividends at an average annual rate of 11% since 1995, which is higher than its peers. The bank’s diversified portfolio, ability to drive loans and deposits, and operating efficiency support its earnings and, in turn, its dividends. Canadian Utilities derives its earnings from the regulated utility assets that generate predictable and growing cash flows and support its payouts. 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. 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. 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. 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. As for equity income, Citizens is one of the more generous dividend stocks on this list. 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. Pharma giant AbbVie is a repeat pick among the 15 best dividend stocks roundup, having made the list in 2020. There are plenty of funds available that focus specifically on dividend-paying companies. Having the list of monthly dividend stocks along with metrics that matter is a great way to begin creating a monthly passive income stream. ... 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. DOW 31,008.69. Your email address will not be published. But with so many options to choose from, it can get overwhelming to even start thinking about a stock to invest in.. Leading Canadian lender Toronto-Dominion Bank (TSX:TD)(NYSE:TD) has paid dividends for 164 straight years. It’s a valuable resource that is typically used as a starting point to identify and screen Canadian dividend growth stocks. 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. Likewise, making it one of the best dividend stocks in Canada to buy of all time in the stock market. 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''). 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. 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. Parler squeezed as Trump seeks new online megaphone . 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. Or better yet, here is the June 30, 2019 file as an example: If you prefer stable income flow from equities, consider buying dividend stocks. Dividend stocks are some of the best investment options in Canada. Get your list of STRONG Dividend Growth Stocks Methodology. 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. 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. Insider Q&A: Bitcoin's massive rise and what comes next. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. 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. 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. Returns since inception, October 2013. Like Canadian Utilities, Fortis also derives its earnings from regulated assets that generate resilient cash flows and support its payouts. 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. 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. Under the Rule of … for a very long period and have increased them in the last 10 years. 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. Utility giant Fortis (TSX:FTS)(NYSE:FTS) has raised its dividends for 47 consecutive years and remains well-positioned to increase it further. Starting with Flexible Solutions International.. 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. To do that, transparency is critical. 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. 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