In this article, let’s take a look at the list of over 150+ Canadian dividend Stocks List for 2020. tabulated the list of stocks for your easier reference. Every portfolio needs to have a couple of high paying but stable dividend stocks. Especially if you plan on investing in the blue-chip companies, your dividends will increase over time. That’s the usual norm.
Dividend stocks are ranked by dividend yield (percentage/s) from high to low.
There are two main categories what you can look for when investing in the Stock Market
1. Investing In Growth Only Stocks (Without substantial Dividends, but expect excellent price growth)
2. or Invest In Good Quality Dividend Stocks (Such as REIT’s, with not exponential growth as in other blue-chips such as Apple, RBC, ENB or Google but dividends are good)
But, what If we want a combination of both Growth + Good dividend?
That’s the power combo I want to talk about here. Look now don’t get me wrong here – Growth stocks are great as well.
Simply put, Investing in good growth stocks with 0 dividends is good as well. But that’s not what I want to discuss here.
There are some of the best and amazing companies in the Toronto Stock Market which do not pay any dividend but with the profits and share price growth, you may not need dividends at all.
Also remember, always invest in dividend stocks in your TFSA’s an RRSP. Your dividends are tax-free here.
First, max those two accounts and then think of the regular investment accounts, where you need to pay tax even on the dividend income you make.
Why Invest In Canadian Dividend Stocks?
Instead, let me put it this way – Why not invest in dividend stocks?
You get that extra monthly, quarterly or annual dividend payments – which you may re-invest to buy more stocks in the same company or others and thus grow your investment value over time.
If not, enjoy the dividends you get or use it for your monthly expenses, saving a part of your salary towards bills. It’s a win-win either way.
Any TSX stock with descent YOY growth and good dividends (cash flow and reserves), is the best pick.
Also, having a mixed bag of growth + dividend stocks + ETFs is the best portfolio you can possibly think of.
Here’s The Parameters Considered For Selecting Dividend Stocks:
Market capitalization: is greater than $500 Million
Yield is more than 0%
150+ Dividend Stocks List On The Toronto Stock Exchange (TSX)
52 Wk High
52 Wk Low
|THO||Tahoe Resources Inc.||$12.64||$22.13||$9.45||N/A||$3.21||25.4%|
|CUF.UN||Cominar Real Estate Investment Trust||$13.85||$18.33||$13.53||8.7||$1.47||10.6%|
|EIT.UN||Canoe EIT Income Fund||$11.55||$11.66||$9.60||64.6||$1.20||10.4%|
|CJR.B||Corus Entertainment Inc. Class B Non-V…||$11.64||$14.10||$8.74||7.6||$1.14||9.8%|
|AX.UN||Artis Real Estate Investment Trust||$11.55||$13.77||$10.45||N/A||$1.08||9.4%|
|DRG.UN||Dream Global Real Estate Investment Trust||$9.17||$9.42||$7.51||7.1||$0.80||8.7%|
|NVU.UN||Northview Apartment Real Estate Invest…||$18.94||$22.88||$15.63||18.6||$1.63||8.6%|
|D.UN||Dream Office Real Estate Investment Trust||$17.54||$21.47||$14.00||16.5||$1.50||8.6%|
|PEG||Pattern Energy Group Inc.||$25.58||$33.00||$20.50||N/A||$2.18||8.5%|
|TMC||Timbercreek Financial Corp.||$8.29||$8.53||$6.95||10||$0.68||8.3%|
|NWH.UN||NorthWest Healthcare Properties Real||$9.74||$10.91||$8.00||N/A||$0.80||8.2%|
|AD||Alaris Royalty Corp.||$20.26||$31.20||$17.80||11.2||$1.62||8.0%|
|TF||Timbercreek Financial Corp.||$8.58||$8.73||$7.86||10||$0.68||8.0%|
|GEI||Gibson Energy Inc.||$16.57||$19.04||$11.46||N/A||$1.32||8.0%|
|MTG||Timbercreek Financial Corp.||$8.65||$8.66||$7.30||10||$0.68||7.9%|
|STB||Student Transportation Inc.||$7.56||$8.02||$4.28||169||$0.58||7.7%|
|CHR||Chorus Aviation Inc. Voting||$6.36||$6.73||$4.96||7||$0.48||7.5%|
|BEI.UN||Boardwalk Real Estate Investment Trust||$43.41||$59.76||$38.47||14.5||$3.25||7.5%|
|CPX||Capital Power Corporation||$21.00||$22.16||$15.41||20.8||$1.56||7.4%|
|FN||First National Financial Corporation||$24.43||$32.23||$18.35||9||$1.70||7.0%|
|JE||Just Energy Group Inc.||$7.24||$10.22||$6.41||3.1||$0.50||6.9%|
|MRT.UN||Morguard Real Estate Investment Trust||$14.00||$16.25||$11.81||12.2||$0.96||6.9%|
|CHE.UN||Chemtrade Logistics Income Fund||$17.84||$18.99||$14.38||N/A||$1.20||6.7%|
|RNW||TransAlta Renewables Inc.||$13.25||$15.09||$8.99||26.9||$0.88||6.6%|
|CBL||Callidus Capital Corporation||$18.10||$18.43||$6.94||13.6||$1.20||6.6%|
|CRR.UN||Crombie Real Estate Investment Trust||$13.45||$15.79||$12.21||N/A||$0.89||6.6%|
|HR.UN||H&R Real Estate Investment Trust||$21.30||$23.83||$18.03||29.1||$1.38||6.5%|
|BEP.UN||Brookfield Renewable Partners L.P.||$38.35||$41.94||$29.69||N/A||$2.38||6.2%|
|DR||Medical Facilities Corporation||$18.14||$23.45||$12.75||N/A||$1.13||6.2%|
|LIF||Labrador Iron Ore Royalty Corporation||$16.18||$16.78||$6.85||20.8||$1.00||6.2%|
|SPB||Superior Plus Corp.||$11.77||$12.23||$8.42||4.6||$0.72||6.1%|
|IGM||IGM Financial Inc.||$37.02||$40.00||$31.47||12.5||$2.25||6.1%|
|AAR.UN||Pure Industrial Real Estate Trust||$5.14||$5.80||$4.10||8.3||$0.31||6.1%|
|RUS||Russel Metals Inc.||$25.51||$25.89||$13.95||N/A||$1.52||6.0%|
|IPL||Inter Pipeline Ltd.||$27.35||$28.89||$18.43||20.2||$1.62||5.9%|
|RSI||Rogers Sugar Inc.||$6.08||$6.74||$4.00||9.9||$0.36||5.9%|
|ESI||Ensign Energy Services Inc.||$8.20||$9.11||$4.72||N/A||$0.48||5.9%|
|GRT.UN||Granite Real Estate Investment Trust||$42.70||$44.98||$35.60||10.2||$2.44||5.7%|
|MIC||Genworth MI Canada Inc.||$30.93||$36.35||$22.14||7.5||$1.76||5.7%|
|SRU.UN||Smart Real Estate Investment Trust||$30.23||$38.91||$28.51||17.2||$1.70||5.6%|
|ENF||Enbridge Income Fund Holdings Inc.||$33.66||$34.76||$24.32||15.8||$1.87||5.5%|
|SIA||Sienna Senior Living Inc.||$16.28||$17.94||$14.54||62.6||$0.90||5.5%|
|CHP.UN||Choice Properties Real Estate||$12.95||$14.69||$11.07||N/A||$0.71||5.5%|
|REI.UN||RioCan Real Estate Investment Trust||$26.17||$30.35||$22.32||18.1||$1.41||5.4%|
|FSZ||Fiera Capital Corporation Class A Subo…||$11.96||$13.95||$9.76||33.3||$0.64||5.4%|
|CIX||CI Financial Corp.||$25.80||$31.88||$23.52||13.6||$1.38||5.3%|
|AQN||Algonquin Power & Utilities Corp.||$10.68||$12.45||$10.09||25.5||$0.57||5.3%|
|NSU||Nevsun Resources Ltd.||$3.96||$4.81||$3.27||36.4||$0.21||5.3%|
|TRP.PR.J||TransCanada Corporation cumulative red…||$26.02||$26.98||$25.49||N/A||$1.38||5.3%|
|RY.PR.Q||Royal Bank of Canada Non-Cumulative 5-…||$26.03||$27.09||$24.95||N/A||$1.38||5.3%|
|TD.PF.G||Toronto-Dominion Bank (The) 5-Year Rat…||$26.09||$27.20||$25.05||N/A||$1.38||5.3%|
|BNS.PR.G||Bank of Nova Scotia (The) 5-Year Rate …||$26.10||$27.44||$25.20||N/A||$1.38||5.3%|
|RY.PR.R||Royal Bank of Canada Non-Cumulative 5-…||$26.16||$27.30||$25.15||N/A||$1.38||5.3%|
|BPY.UN||Brookfield Property Partners L.P.||$28.55||$32.80||$26.00||6.4||$1.50||5.3%|
|BOX.UN||Brookfield Canada Office Properties||$25.20||$29.73||$23.46||12.3||$1.31||5.2%|
|NPI||Northland Power Inc.||$21.41||$25.14||$16.90||N/A||$1.08||5.0%|
|NWC||The North West Company Inc.||$24.63||$33.00||$24.08||17.2||$1.24||5.0%|
|EIF||Exchange Income Corporation||$41.85||$43.50||$21.21||21.2||$2.10||5.0%|
|MERC.U||Mercer International Inc.||$9.19||$10.45||$6.12||13||$0.46||5.0%|
|KMP.UN||Killam Apartment Real Estate||$12.01||$13.30||$9.80||10.3||$0.60||5.0%|
|PPL||Pembina Pipeline Corporation||$38.44||$41.98||$26.05||36.6||$1.92||5.0%|
|PLZ.UN||Plaza Retail REIT||$5.10||$5.28||$4.19||17.4||$0.25||4.9%|
|BNE||Bonterra Energy Corp.||$24.57||$29.63||$11.71||N/A||$1.20||4.9%|
|CJ||Cardinal Energy Ltd.||$8.72||$11.21||$5.59||N/A||$0.42||4.8%|
|VET||Vermilion Energy Inc.||$53.66||$55.26||$29.71||N/A||$2.58||4.8%|
|BIP.UN||Brookfield Infrastructure Partners L.P.||$43.47||$46.42||$29.75||43.3||$2.09||4.8%|
|TD.PF.H||Toronto-Dominion Bank (The) 5-Year Rat…||$25.42||$25.94||$25.24||N/A||$1.21||4.8%|
|PWF||Power Financial Corporation||$33.00||$34.25||$28.84||12.7||$1.57||4.8%|
|INE||Innergex Renewable Energy Inc.||$13.59||$15.80||$9.98||N/A||$0.64||4.7%|
|CM||Canadian Imperial Bank Of Commerce||$104.08||$104.97||$82.19||10||$4.84||4.7%|
|LB||Laurentian Bank of Canada||$51.65||$55.82||$42.42||15.1||$2.40||4.6%|
|CMG||Computer Modelling Group Ltd.||$8.67||$10.88||$7.67||28.8||$0.40||4.6%|
|GMM.U||General Motors Company||$33.09||$36.41||$26.94||3.8||$1.52||4.6%|
|CRT.UN||CT Real Estate Investment Trust||$14.84||$15.76||$12.46||11.4||$0.68||4.6%|
|AFN||Ag Growth International Inc.||$52.64||$54.50||$24.68||526.1||$2.40||4.6%|
|POW||Power Corporation of Canada||$29.46||$31.83||$26.25||14.6||$1.34||4.5%|
|AP.UN||Allied Properties Real Estate||$33.01||$39.70||$29.11||12.7||$1.50||4.5%|
|POW.PR.E||Power Corporation of Canada||$29.51||$30.00||$27.00||N/A||$1.34||4.5%|
|SJR.B||Shaw Communications Inc.||$26.20||$28.17||$22.55||10.5||$1.19||4.5%|
|NA||National Bank of Canada||$49.28||$49.48||$34.86||14||$2.20||4.5%|
|DDC||Dominion Diamond Corporation||$11.75||$16.82||$9.96||N/A||$0.52||4.4%|
|ET||Evertz Technologies Limited||$16.40||$19.24||$15.72||17.2||$0.72||4.4%|
|DII.B||Dorel Industries Inc||$37.54||$38.70||$25.88||368.1||$1.61||4.3%|
|WEF||Western Forest Products Inc.||$1.88||$2.40||$1.77||11.1||$0.08||4.3%|
|FCR||First Capital Realty Inc.||$19.96||$23.31||$17.56||12.7||$0.84||4.2%|
|PSI||Pason Systems Inc.||$16.28||$21.41||$14.46||N/A||$0.68||4.2%|
|CAR.UN||Canadian Apartment Properties Real||$30.22||$33.64||$25.21||8.3||$1.25||4.1%|
|BNS||Bank of Nova Scotia (The)||$72.00||$72.56||$51.17||12.6||$2.96||4.1%|
|MST.UN||Milestone Apartments Real Estate||$18.17||$21.33||$13.83||10.9||$0.75||4.1%|
|MSI||Morneau Shepell Inc.||$19.05||$20.52||$13.35||43.4||$0.78||4.1%|
|REF.UN||Canadian Real Estate Investment Trust||$44.72||$51.49||$38.50||15.8||$1.83||4.1%|
|PKI||Parkland Fuel Corporation||$28.02||$31.77||$19.69||44.4||$1.13||4.0%|
|GWO||Great-West Lifeco Inc.||$35.00||$37.10||$30.83||12.9||$1.38||4.0%|
|FRU||Freehold Royalties Ltd.||$12.19||$13.46||$8.29||N/A||$0.48||3.9%|
|BMO||Bank of Montreal||$87.84||$87.92||$68.65||13||$3.44||3.9%|
|PEY||Peyto Exploration & Development Corp.||$34.15||$39.41||$21.55||46.4||$1.32||3.9%|
|CSH.UN||Chartwell Retirement Residences||$14.55||$16.14||$11.74||N/A||$0.56||3.9%|
|HCG||Home Capital Group Inc.||$26.98||$39.84||$22.87||6.9||$1.04||3.9%|
|RY||Royal Bank of Canada||$87.27||$87.40||$64.52||12.6||$3.32||3.8%|
|RCI.B||Rogers Communications Inc. Class B Non…||$51.51||$58.99||$46.15||22.9||$1.92||3.7%|
|RCI.A||Rogers Communications Inc. Class A Shares||$52.05||$60.98||$46.36||25.5||$1.92||3.7%|
|H||Hydro One Limited||$23.20||$26.80||$21.53||18.6||$0.84||3.6%|
|CSW.A||Corby Spirit and Wine Limited||$23.38||$24.59||$17.50||26.4||$0.84||3.6%|
|CU||Canadian Utilities Limited Class A Non…||$36.50||$40.78||$29.49||24.3||$1.30||3.6%|
|CU.X||Canadian Utilities Limited Unlimited||$36.65||$40.40||$29.52||24.3||$1.30||3.5%|
|TD||Toronto-Dominion Bank (The)||$63.27||$63.48||$48.52||14.1||$2.20||3.5%|
|MBT||Manitoba Telecom Services Inc.||$38.12||$39.07||$28.15||N/A||$1.30||3.4%|
|WFC||Wall Financial Corporation||$17.75||$19.74||$12.51||18.9||$0.60||3.4%|
|BLX||Boralex Inc. Class A Shares||$16.78||$20.46||$12.71||94.7||$0.56||3.3%|
|CWB||Canadian Western Bank||$27.69||$29.30||$19.26||11.9||$0.92||3.3%|
|IIP.UN||InterRent Real Estate Investment Trust||$7.14||$8.65||$6.21||15.7||$0.23||3.2%|
|SLF||Sun Life Financial Inc.||$51.99||$52.39||$36.64||13.8||$1.68||3.2%|
|MFC||Manulife Financial Corporation||$22.95||$23.19||$15.32||15.2||$0.74||3.2%|
|ARE||Aecon Group Inc.||$14.32||$19.19||$12.75||12.4||$0.46||3.2%|
|TRI||Thomson Reuters Corporation||$56.97||$57.66||$47.56||24.8||$1.82||3.2%|
|ITP||Intertape Polymer Group Inc.||$23.86||$24.84||$15.46||21.9||$0.75||3.2%|
|WSP||WSP Global Inc.||$47.64||$47.95||$35.11||31||$1.50||3.1%|
|TOG||TORC Oil & Gas Ltd.||$7.63||$9.23||$3.71||N/A||$0.24||3.1%|
|FTT||Finning International Inc.||$25.94||$26.32||$16.37||N/A||$0.73||2.8%|
|SES||Secure Energy Services Inc.||$8.53||$10.21||$5.33||N/A||$0.24||2.8%|
|HLF||High Liner Foods Incorporated||$19.94||$27.62||$12.08||14.3||$0.56||2.8%|
|X||TMX Group Limited||$64.31||$65.61||$33.30||N/A||$1.80||2.8%|
|TCN||Tricon Capital Group Inc.||$9.29||$10.34||$7.53||9.1||$0.26||2.8%|
|SU||Suncor Energy Inc.||$41.81||$42.20||$27.32||N/A||$1.16||2.8%|
|SGY||Surge Energy Inc.||$2.74||$3.13||$1.40||N/A||$0.08||2.7%|
|CCA||Cogeco Communications Inc. Subordinate…||$63.61||$71.67||$58.32||N/A||$1.72||2.7%|
|ACO.Y||ATCO Ltd. Class II Shares||$43.00||$49.25||$33.40||20.8||$1.14||2.7%|
|ACO.X||ATCO Ltd. Class I Non-voting Shares||$43.11||$49.65||$33.14||20.6||$1.14||2.6%|
|WJA||WestJet Airlines Ltd. variable voting …||$21.31||$24.98||$14.67||8.6||$0.56||2.6%|
|CGO||Cogeco Inc. Subordinate Voting Shares||$52.94||$57.82||$47.55||N/A||$1.36||2.6%|
|ARX||ARC Resources Ltd.||$23.46||$24.94||$14.43||N/A||$0.60||2.6%|
|WCP||Whitecap Resources Inc.||$10.95||$12.04||$5.60||N/A||$0.28||2.6%|
|IFC||Intact Financial Corporation||$93.57||$97.20||$77.49||22.5||$2.32||2.5%|
|CFX||Canfor Pulp Products Inc.||$10.12||$14.62||$9.05||8.8||$0.25||2.5%|
|MG||Magna International Inc.||$54.83||$61.98||$42.09||7.8||$1.35||2.5%|
|PSK||PrairieSky Royalty Ltd.||$29.44||$30.79||$17.15||493.8||$0.72||2.4%|
|PJC.A||Jean Coutu Group (PJC) Inc. (The) Clas…||$20.08||$22.41||$17.02||18||$0.48||2.4%|
|FFH||Fairfax Financial Holdings Limited Sub…||$589.00||$780.13||$588.95||38.6||$14.00||2.4%|
|EMP.A||Empire Company Limited Non-Voting Class||$17.59||$27.34||$16.90||N/A||$0.41||2.3%|
|CPG||Crescent Point Energy||$15.49||$24.01||$11.42||N/A||$0.36||2.3%|
|CNQ||Canadian Natural Resources Limited||$43.09||$44.38||$21.27||N/A||$1.00||2.3%|
|CG||Centerra Gold Inc.||$6.93||$8.22||$5.64||14.2||$0.16||2.3%|
|IAG||Industrial Alliance Insurance||$55.87||$56.58||$35.00||14.8||$1.28||2.3%|
|CEE||Centamin plc Ordinary Shares||$2.23||$3.05||$1.19||43.3||$0.05||2.3%|
|LNF||Leon’s Furniture Limited||$17.47||$17.59||$13.08||16.1||$0.40||2.3%|
|WTE||Westshore Terminals Investment Corpora…||$28.38||$28.70||$9.84||15.1||$0.64||2.3%|
|NFI||New Flyer Industries Inc.||$42.16||$44.87||$23.50||18.9||$0.95||2.3%|
|PBH||Premium Brands Holdings Corporation||$67.55||$68.28||$35.78||32.6||$1.52||2.3%|
|POT||Potash Corporation of Saskatchewan Inc.||$24.05||$27.70||$19.93||29||$0.54||2.2%|
|UNC||United Corporations Limited||$95.51||$96.70||$84.00||7.9||$2.13||2.2%|
|CNU||CNOOC Limited american depositary rece…||$167.08||$183.15||$137.00||N/A||$3.52||2.1%|
|MDA||MacDonald Dettwiler and Associates Ltd.||$70.49||$92.92||$69.52||22.5||$1.48||2.1%|
|ZZZ||Sleep Country Canada Holdings Inc.||$28.68||$34.15||$15.12||17.6||$0.60||2.1%|
|AIF||Altus Group Limited||$30.38||$30.73||$16.90||89.1||$0.60||2.0%|
|MTL||Mullen Group Ltd.||$18.76||$19.32||$13.02||32.8||$0.36||1.9%|
|SNC||SNC-Lavalin Group Inc.||$55.04||$58.46||$36.47||27.2||$1.04||1.9%|
|CTC.A||Canadian Tire Corporation Limited Clas…||$140.94||$147.00||$101.53||15.3||$2.60||1.8%|
|RBA||Ritchie Bros. Auctioneers Incorporated||$50.15||$50.85||$29.73||35.3||$0.91||1.8%|
|CNR||Canadian National Railway Company||$87.00||$89.40||$66.62||19||$1.50||1.7%|
|MRE||Martinrea International Inc.||$7.05||$11.19||$6.70||6.9||$0.12||1.7%|
|LUC||Lucara Diamond Corp.||$3.54||$4.39||$2.00||11.9||$0.06||1.7%|
|TIH||Toromont Industries Ltd.||$42.58||$43.30||$27.25||21.6||$0.72||1.7%|
|AGT||AGT Food and Ingredients Inc.||$35.51||$42.16||$30.00||16.4||$0.60||1.7%|
|TPX.B||Molson Coors Canada Inc. Class B Excha…||$130.85||$147.85||$114.90||39.4||$2.20||1.7%|
|CARA||Cara Operations Limited Subordinate Vo…||$24.75||$35.88||$22.85||10.9||$0.41||1.6%|
|CLR||Clearwater Seafoods Incorporated||$12.18||$14.85||$9.95||26.9||$0.20||1.6%|
|WN||George Weston Limited||$108.31||$120.10||$99.25||30.4||$1.76||1.6%|
|EQB||Equitable Group Inc.||$55.61||$63.05||$44.73||7||$0.88||1.6%|
|BAM.A||Brookfield Asset Management Inc. Class…||$45.56||$47.85||$37.70||15.6||$0.70||1.5%|
|GCG.A||Guardian Capital Group Limited Class A…||$22.36||$23.23||$15.50||9.6||$0.34||1.5%|
|L||Loblaw Companies Limited||$68.48||$74.59||$61.25||30.9||$1.04||1.5%|
|OTC||Open Text Corporation||$83.13||$87.50||$57.93||6.6||$1.23||1.5%|
|QSR||Restaurant Brands International Inc.||$62.42||$64.32||$40.75||N/A||$0.91||1.5%|
|QSP.UN||Restaurant Brands International Limite…||$62.50||$64.25||$41.00||N/A||$0.90||1.4%|
|MAL||Magellan Aerospace Corporation||$18.01||$19.97||$13.50||12||$0.26||1.4%|
|HBC||Hudson’s Bay Company||$14.48||$21.82||$14.40||19.2||$0.20||1.4%|
|CTC||Canadian Tire Corporation Limited||$190.00||$209.40||$173.00||21.5||$2.60||1.4%|
|ECN||ECN Capital Corp.||$2.94||$3.59||$2.60||6.8||$0.04||1.4%|
|BAD||Badger Daylighting Ltd.||$29.47||$30.10||$19.50||26||$0.40||1.3%|
|IMO||Imperial Oil Limited||$44.75||$46.27||$37.25||45.9||$0.60||1.3%|
|SLW||Silver Wheaton Corp.||$25.30||$40.80||$14.51||N/A||$0.32||1.3%|
|MFI||Maple Leaf Foods Inc.||$28.92||$31.59||$20.58||28.4||$0.36||1.2%|
|OR||Osisko Gold Royalties Ltd||$13.26||$18.64||$12.34||35.4||$0.16||1.2%|
|GIL||Gildan Activewear Inc.||$35.55||$42.44||$31.24||18.5||$0.42||1.2%|
|DHX.B||DHX Media Ltd.||$6.83||$8.99||$5.99||43.5||$0.07||1.1%|
|FSV||FirstService Corporation Subordinate V…||$55.24||$69.55||$45.30||49.8||$0.58||1.0%|
|CVE||Cenovus Energy Inc.||$19.63||$21.39||$12.74||N/A||$0.20||1.0%|
|CP||Canadian Pacific Railway Limited||$196.79||$204.82||$140.02||19.5||$2.00||1.0%|
|LAS.A||Lassonde Industries Inc. Class A Subor…||$205.15||$219.00||$153.00||21.9||$2.04||1.0%|
|ENGH||Enghouse Systems Limited||$56.33||$77.54||$48.40||36.3||$0.56||1.0%|
|MTY||MTY Food Group Inc.||$48.65||$49.30||$27.91||26.6||$0.46||0.9%|
|WCN||Waste Connections Inc.||$102.00||$104.48||$85.00||50.3||$0.96||0.9%|
|AEM||Agnico Eagle Mines Limited||$57.04||$78.35||$34.27||122.1||$0.54||0.9%|
|BNP||Bonavista Energy Corporation||$4.33||$4.94||$0.94||N/A||$0.04||0.9%|
|CCL.B||CCL Industries Inc. Unlimited Class B …||$226.88||$260.00||$171.52||24.6||$2.00||0.9%|
|EFN||Element Fleet Management Corp.||$11.50||$17.63||$11.00||14||$0.10||0.9%|
|CSU||Constellation Software Inc.||$623.14||$650.00||$427.99||48||$5.35||0.9%|
|CCL.A||CCL Industries Inc. Unlimited Class A …||$240.00||$252.00||$181.00||26.2||$1.95||0.8%|
|RCH||Richelieu Hardware Ltd.||$27.01||$28.88||$20.04||25.3||$0.21||0.8%|
|ELF||E-L Financial Corporation Limited||$765.00||$765.00||$630.00||6.9||$5.00||0.7%|
|YRI||Yamana Gold Inc.||$4.10||$7.87||$2.00||N/A||$0.03||0.7%|
|SVM||Silvercorp Metals Inc.||$3.18||$4.73||$0.60||22.5||$0.02||0.6%|
|WFT||West Fraser Timber Co. Ltd.||$46.64||$55.99||$35.35||16||$0.28||0.6%|
|BYD.UN||Boyd Group Income Fund||$89.39||$91.31||$54.16||84.6||$0.52||0.6%|
|ABX||Barrick Gold Corporation||$20.66||$30.45||$9.40||N/A||$0.11||0.5%|
|ATD.B||Alimentation Couche-Tard Inc. Class B …||$62.37||$68.63||$51.21||24.6||$0.31||0.5%|
|ATD.A||Alimentation Couche-Tard Inc. Class A …||$62.91||$69.48||$51.07||21.8||$0.31||0.5%|
|QBR.A||Quebecor Inc. Class A Multiple Voting …||$37.82||$41.88||$31.74||148.5||$0.18||0.5%|
|QBR.B||Quebecor Inc. Class B Subordinate Voti…||$37.85||$41.22||$31.53||125.3||$0.18||0.5%|
|CEU||Canadian Energy Services & Technology …||$6.49||$6.75||$2.85||N/A||$0.03||0.5%|
|TCK.B||Teck Resources Limited||$30.80||$32.21||$3.65||N/A||$0.10||0.3%|
|PAA||Pan American Silver Corp.||$21.99||$27.56||$7.85||N/A||$0.07||0.3%|
|AGI||Alamos Gold Inc.||$8.65||$13.65||$3.27||N/A||$0.03||0.3%|
|ONEX||ONEX Corporation Subordinate Voting Sh…||$91.74||$92.25||$74.33||N/A||$0.28||0.3%|
|CIGI||Colliers International Group Inc.||$46.53||$63.08||$42.80||22.3||$0.13||0.3%|
|HBM||HudBay Minerals Inc.||$7.69||$8.40||$2.26||N/A||$0.02||0.3%|
Investing in dividend stocks with excellent YOY growth is any day good, but investing in stable stocks with good growth and fantastic dividends is great. The best part is that the dividends increase YOY in many of the below-mentioned dividend stocks in Canada to buy in 2019. That’s a nice passive income to get.
Let’s dive deep into this conversation and look at the top 14 high-quality dividend stocks in Canada to buy with good growth history and fantastic dividends to boast about.
Top 14 Dividend Stocks In Canada
1. Dream Global REIT (Symbol – DRG.UN)
Annual Dividend – 8.57%
Dream Global Real Estate Investment Trust (Dream Global REIT) is an open-ended real estate investment trust. The Trust provides investors with the opportunity to invest in real estate exclusively outside of Canada.
Dream Global REIT’s portfolio comprises office, industrial and mixed-use properties located in Germany and Austria. Its investment properties are classified as initial properties and acquisition properties. Dream Global REIT’s portfolio consists of over 197 properties and comprises approximately 13.2 million square feet of gross leasable area (GLA).
Of this total, approximately 196 of the properties are located in Germany and over one property is located in Vienna, Austria. Approximately nine properties, including the asset in Austria, are held within joint ventures of which Dream Global REIT retained an approximately 50% ownership interest. The Company’s assets are managed by Dream Asset Management Corporation (DAM), which is a subsidiary of Dream Unlimited Corp.
As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
One of the top Canadian REIT’s dividend stocks in Canada to buy.
Let’s take a look at the stock’s chart and financial ratios below: Best dividend stocks in Canada
Now, let us take a look at the dividend information below :
As you can see from the above chart, Dream global is very consistent in terms of dividend payments.
You can sit back relax and enjoy making the passive income of almost 9% every month.
2. Canadian Imperial Bank of Commerce (CM)
Annual dividend – 4.4%
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.
The Company’s Retail and Business Banking segment provide personal and business clients across Canada with financial advice, products and services in its banking centres or through remote channels, such as mobile advisors, telephone, online or mobile banking. The Company’s Wealth Management segment provides advice and investment solutions. The Company’s Capital Markets segment provides integrated credit and global markets products, investment banking advisory services and research to corporate, government and institutional clients around the world.
One of the top Canadian banks. You can expect excellent growth, stable dividends and good dividend growth over the years. As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
Here is the quick chart and financial ratios for this stock: Best dividend stocks in Canada
Now, let us have a look at the dividend for the stock
As you can clearly see from the above chart, there has been a dividend increase at-least-once or twice every year. You can expect the same trend to continue in the coming years. Great stock to own in any portfolio for the amazing YOY growth and fantastic dividends.
3. Royal Bank of Canada (RY)
Annual Dividend – 3.58%
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.
The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries. The Company’s business segments include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets. The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions (Canadian Banking), Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other.
RBC is again one of Canada’s largest banks. RBC stock is very stable with good growth and dividend history. As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
Let’s take a quick look at the stock chart below and the financial ratios:
Now, let us look at the dividend history of RBC stock below :
As you can see there is a dividend increase almost every year. That’s the amazing part of owning great dividend stocks in Canada to buy like these, you can expect good growth in the investment value and fantastic dividends.
4. Corus Entertainment Inc. ( CJR.B)
Annual Dividend – 8.82%
Corus Entertainment Inc. is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.
Corus’ roster of premium brands includes Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY, Showcase, National Geographic Channel, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
Corus Entertainment Inc. is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world.
Let us take a look at dividend stock’s chart and financial ratios below :
Now, let us take a look the dividend history chart of Chorus over the years below –
As you can clearly see in the dividend chart above, dividends have been increased every single year from the company.
Also, the growth of the dividend stock looks pretty decent. Great buy from any portfolio with a fantastic dividend.
5. Enbridge Inc (ENB)
Annual Dividend – 3.69%
Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate.
The Company operates the crude oil and liquids transportation system in Canada and the United States. The Company also has involvement in natural gas gathering, transmission and midstream businesses.
It provides natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in over 2,200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power.
Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and its energy services businesses, along with renewable energy and transmission facilities.
As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
Let’s take a look at the chart and financial ratios below :
Now, let us take a look at the dividend history below: dividend stocks in Canada
As you can clearly see in the above charts, it looks like it’s a solid investment with great dividends and can ideally be a part of any portfolio. The dividends are being increased every YOY.
6. RioCan Real Estate Investment Trust (REI.UN)
Annual Dividend – 5.23%
RioCan Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company primarily owns, develops, manages and operates grocery-anchored retail centres and mixed-use developments located in Canada.
The Company invests in, develops and manages approximately 300 properties, including shopping centres and mixed-use developments in over six markets in Canada.
It owns a portfolio of shopping centres with ownership interests in a portfolio of approximately 310 Canadian retail and mixed-use properties, including over 20 properties under development, containing an aggregate net leasable area (NLA) of approximately 46,063,000 square feet.
Its Canadian property portfolio includes grocery-anchored, new format retail, urban retail, mixed-use and non-grocery anchored centres, of which over 250 properties are owned and over 60 are co-owned through joint arrangements with co-owners.
As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
Now, let us take a look at the stock’s chart and financial ratio’s below :
Let us take a look at the dividend history over the years from Rio Canada REIT:
As you can see, the dividends are constant year after year. The dividends may not rise YOY but have remained constant and it’s a real nice percentage for dividend stocks in Canada. Likewise, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
7. Genworth MI Canada Inc (MIC)
Annual Dividend – 5.05%
Genworth MI Canada Inc is a Canada-based company, which through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, is the private residential mortgage insurer in Canada. Genworth provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time home buyers.
The Company offers both transactional and portfolio mortgage insurance.
Genworth also provides portfolio mortgage insurance to lenders for loans with loan-to-value ratios of 80% or less. The Company underwrites mortgage insurance for residential properties in all provinces and territories of Canada.
Therefore making it one of the best dividend stocks in Canada of all time in the stock market.
Let us take a look at the stock’s chart and financial ratios for MIC below :
Now let’s take a look at the dividend stock below: Best dividend stocks in Canada
As you can see the dividends have been increased over the years consistently. Great dividend stock in Canada to pick for any portfolio.
8. Artis Real Estate Investment Trust ( AX.UN)
Annual Dividend – 8.46%
Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax-efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units.
Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.
The Company’s properties are diversified across industrial, retail, and office asset classes, and geographically across western Canada, Ontario, and in select markets in the United States.
Its REIT portfolio includes over 250 commercial properties totalling approximately 26.2 million square feet of gross leasable area. Artis’ portfolio includes Hudson’s Bay Centre, Union Crossings II, Cargill R&D, Stampede Station II, Park 8Ninety, 601 Tower at Carlson, Corridor Park, Crowfoot Village, Shoppes of St. Vital and Union Crossings III. As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
Now let us take a look at the dividend stock’s chart and a financial ratio below:
Now, let us take a look at the dividends of Artis below:
As you can see the dividends from this stock are very consistent and can be trusted upon over the years. The dividend percentage is very good too at over 8% every month. One of the best dividend stocks in Canada to buy.
10. Telus Corporation (T)
Annual Dividend – 4.34%
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
The Company operates through two business segments: Wireless segment and the Wireline segment.
Its Wireline segment offers products and services, including voice; TELUS TV; Internet protocol (IP) networks and applications; contact centre, business process and information technology (IT) outsourcing solutions in over 30 languages; hosting, managed IT and cloud-based services; healthcare, and conferencing and collaboration.
The Company offers wireless services for consumers and businesses across Canada, such as data and voice, and mobile applications, as well as devices, which include smartphones, tablets and wearable technology.
Now let’s take a quick look at the dividend stocks chart and the financial ratio of the company: Best dividend stocks in Canada
Now let us take a look at the dividends by Telus below :
As you can see from the two charts, Telus is a robust company with great financials and a telecom giant in Canada. The dividends have constantly been increased YOY and this trend should continue. Overall a great stock for any portfolio. As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
11. Inter Pipeline Ltd. (IPL)
Annual Dividend – 5.45%
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe.
Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
Its oil sands transportation business consists of the Corridor, Cold Lake and Polaris pipeline systems, which transport petroleum products and provide related blending and handling services in Alberta.
It’s conventional oil pipeline’s business involves the transportation, storage and processing of hydrocarbons, as well as midstream marketing blending and handling services.
Its NGL extraction business consists of processing natural gas to extract NGLs, including ethane and a mixture of propane, butane and pentanes plus. Its bulk liquid storage business involves the storage and handling of bulk liquid products through the operation of over 10 bulk liquid storage terminals.
Now, let look at the dividend sock’s chart and financial ratios of the company :
Now, Let’s look at the stock’s dividends below :
The best part about IPL stock is that the dividends are increased every year. It’s a great stock for any portfolio for its amazing growth and dividends. Also, dividends are paid out every month. One of the best dividend stocks in Canada of all time.
12. Capital Power Corporation (CPX)
Annual Dividend – 6.57%
Capital Power Corp (Capital Power) is a power-producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources.
It operates through the operation of electrical generation facilities within Canada (Alberta, British Columbia and Ontario) and in the United States (North Carolina and New Mexico) segment. It also holds a portfolio of wind and solar development sites in the United States.
Capital Power owns over 3,200 megawatts (MW) of power generation capacity across North America and owns approximately 370 MW of capacity through its interest in the Sundance power purchase agreement (PPA).
It has over 530 MW of owned capacity under construction or in advanced stages of development in Alberta. It owns approximately 2,370 MW of power generation capacity in Alberta, with ownership interests in over nine facilities. Its power generation operations and assets are owned by Capital Power L.P. (CPLP), a subsidiary of the Company.
Now, let take a look at the company’s chart and financial ratio’s: Best dividend stocks in Canada
Now, let us look into the stock’s dividends below :
As you can clearly see from the charts, the dividends at CPX have risen every YOY.
Also, take a look at this dividend stocks growth, its must-have dividend stocks for any portfolio. Great growth and dividend stock to buy. As a result, making it one of the best dividend stocks in Canada of all time in the stock market.
13. Algonquin Power & Utilities Corp (AQN)
Annual Dividend – 5.12%
Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.
The Generation Business Group (Generation Group) owns and operates a portfolio of non-regulated renewable and thermal electric generation utility assets.
The Transmission Business Group (Transmission Group) is responsible for evaluating and capitalizing upon natural gas pipeline and electric transmission asset opportunities in North America.
When it comes to the Distribution Business Group (Distribution Group) owns and operates a portfolio of North American electric, natural gas, and water distribution and wastewater collection utility systems.
Finally, The Generation Group has interests in hydroelectric, wind, solar and thermal facilities.
Now, let us take a look at the dividend stocks chart and a financial ratio below :
Now, let us take a look at the dividend stocks chart:
Look at the dividends chart, you can clearly make out from the info graph that dividend has increased every single year. Great stock to buy for any portfolio. As a result, making it one of the best dividend stocks in Canada to buy of all time in the stock market.
14. Altagas Ltd ( ALA )
Annual Dividend – 6.03%
AltaGas Ltd. is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (BCD/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
The Power segment includes generation assets located across North America with over 2,000 megawatts (MW) of capacity from over five fuel types, with opportunities to expand in California and across the United States, as well as the opportunity to develop new gas-fired and renewable generation in Alberta to replace coal.
The Utility segment serves over 560,000 customers through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering natural gas to homes and businesses.
Now, let us take a look at the stocks chart and financial ratio below :
Now Let have a look at the stock’s dividend chart below :
As you can clearly see from the dividend chart, dividends have been increased YOY. Great dividend stock for any portfolio with a 6% dividend and great financials to back up. Thus making it one of the best dividend stocks in Canada to buy of all time in the stock market.
That’s it for now, hope you enjoyed this review on the top 14 best dividend stocks in Canada to buy in 2019 with good dividends and growth.
Please leave your thoughts and comments below.
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Sagar Sridhar is a personal finance blogger from Canada. His genuine passion for personal finance coupled with his unique style of writing is what stands out. Professionally, he is a computer engineer, agile certified and has a master’s degree in Project Management. His writing has been featured or quoted in the leading Canadian publications such as Credit Canada and many other personal finance publications. While he is juggling between his day job and blogging, he is the main author on this blog and has miles to go before making the final pit stop.