Last updated on June 3rd, 2020 at 07:32 pm

In this article, let’s take a look at the Top 30 Canadian Blue Chip stocks you should own in 2020. In case you don’t know – Blue Chip Stocks are evergreen, payout good dividends every year (increasing dividends in fact because the businesses do better over the years), stable stocks irrespective of market crashes (volatility will be less) and good for the overall portfolio be it your TFSAs or RRSPs. Please also note that in this post, we’ll only consider the Canadian Stocks actively trading in the TSX market and not the US stocks (NASDAQ, NYSE..) 

If you ask me, every portfolio should contain a few Blue Chip Stocks if not many. It does not really depend on the risk appetite of the investor, as these stocks give excellent portfolio gains over the long run. Do consider picking up some of the stocks listed here. 

As we go further deep into this article, we’ll look at how the Blue Chip stocks compare with the likes of Growth Stocks, what are the key differences between them, which is the right pick for your portfolio and needs. If you’ve been reading about personal finance, you’ve probably heard of blue chips stocks before. That’s because investing in Blue Chip Stocks is one of the most important aspects of investments and personal finance. Let’s get started. 

What Are Blue Chip Stocks? 

“A Blue Chip stock is the stock of a large, well-established and financially sound company that has operated for many years”

Usually, Blue Chip Stocks have a market capitalization usually in the billions; are generally the market/sector leaders or among the top three companies in its sector, and are more often than not a household name.

Blue Chip stocks, also known as large-cap stocks (because the companies have a high market capitalization of $1 billion or more), tend to rise and fall in conjunction with the stock market in general. Examples of Blue Chip stocks include Coca-Cola, Disney, Intel, and IBM.

The term “Blue Chip Stock” comes from the card game, Poker, where the highest and most valuable playing chip colour is blue.

blue chip stocks - 1

What Are Blue Chip Companies?

The market cap of the Blue chip companies is usually over 500 million at least. I mean to say with the same amount invested over the years your dividends tend to increase because of the dividends percent raise from these companies.

The Blue Chip Stocks that I’m about to recommend have a history of earnings and, in most cases, a history of sustainable dividends. They have established their value over the long term. Like all stocks, they can fluctuate widely and many suffer in a long-term market downturn, but they offer a higher probability of long-term gains

Every portfolio should contain at least a couple of Blue Chip stocks for stability and for long term portfolio growth.

Anyone with common sense would want a stake in businesses they not only understand but that have a demonstrated record of extreme profitability over generations, and blue chips stocks certainly fit the description.

Another reason Blue Chip stocks are popular is that they offer somewhat of a relatively safe harbour during economic catastrophes (especially if coupled with gilt-edged bonds and cash reserves).

In-experienced and poorer investors don’t think about this too much because they’re almost always trying to get rich too quickly, shooting for the moon, looking for that one thing that will instantly make them rich. It hardly ever ends well. Markets will collapse. You will see your holdings drop by substantial amounts no matter what you own

Blue Chip stocks often represent companies residing at the core of Canadian and global business; firms boasting pasts every bit as colourful as any novel and interwoven with politics and history. Their products and services permeate nearly every aspect of our lives.

History Of Blue Chip Stocks  

Do you know the history of Blue Chip stocks?

The phrase was invented by Oliver Gingold of Dow Jones in the year 1923.

Gingold was standing by the stock ticker at the brokerage firm that later became Merrill Lynch.

Noticing several trades at $200 or $250 a share or more, he said to Lucien Hooper of W.E. Hutton & Co. that he intended to return to the office to “write about these Blue Chip stocks.”

The phrase has been in use ever since, originally in reference to high-priced and high-quality stocks.

blue chip stocks - 2

Top 30 Blue Chip Stocks List 

Alright then, let’s jump straight into the list now. 

In order to determine the 30 Best Canadian Blue Chip Stocks in the market – I’ve considered the following parameters to help you better analyze the worthiness of each pick:

  • Stock Name

  • TSX Symbol Name

  • Valuation

  • Dividend

Again under Valuation and Dividend Columns – we have the metrics underneath such as the Price/Earnings ratio, Dividend Growth Percentage, Cash Flow, Annual Dividend Yield, Book Value of the stock etc. These important metrics for every stock on this list should give you a clear representation of which ones to pick.

Measured across long periods, Blue Chip stocks have minted money for owners prudent enough to hang on to them with tenacity through thick and thin, good times and bad times, war and peace, inflation and deflation. In addition, I’ve also split the Blue Chip Stocks into 10 Industry Sectors to better Identify and ease of understanding better.

1. Finance Stocks

Bank of Nova Scotia

(TSE: BNS)

Valuation

Price/Earning: 12.4x
Book Value: $43.24
Price/book: 1.7x
Cash flow: $6.31

 

 

Dividend

5 Year Dividend growth: 6.77%
Annual dividend: $2.96
Dividend yield: 4.22%

Toronto Dominion Bank

(TSE: TD)

Valuation

Price/Earning: 13.1x
Book Value: $35.24
Price/book: 1.6x
Cash flow: $4.96

 

 

Dividend

5 Year Dividend growth: 10.39%
Annual dividend: $2.20
Dividend yield: 3.76%
Payout ratio: 49.99%

Royal Bank Of Canada

(TSE:RY)

Valuation

Price/Earning: 12.0x
Book Value: $43.07
Price/book: 2.0x
Cash flow: $7.88

 

 

Dividend

5 Year Dividend growth: 9.02%
Annual dividend: $3.32
Dividend yield: 4.01%
Payout ratio: 46.46%

Blue Chip stocks offer you both capital gains growth potential and regular dividend income.

The dividend yield is certainly one of the most concrete indicators of a sound investment. It is the percentage you get when you divide the current yearly dividend payment by the share or unit price of the investment

National Bank of Canada

(TSE: NA)

Valuation

Price/Earning: 13.2
Book Value: $31.30
Price/book: 1.6x
Cash flow: $4.90

 

 

Dividend

5 Year Dividend growth: 10.47%
Annual dividend: $2.20
Dividend yield: 4.85%
Payout ratio: 80.74%

Canadian Imperial Bank of Commerce (CIBC)

(TSE: CM)

Valuation

Price/Earning: 9.7x
Book Value: $53.76
Price/book: 1.8x
Cash flow: $11.47

 

 

 

Dividend

5 Year Dividend growth: 4.32%
Annual dividend: $4.84
Dividend yield: 4.83%
Payout ratio: 45.17%

After all, who remembers Coca-Cola losing around 50% of its value due to the sugar crisis shortly after its IPO? A single share bought for $40, which crashed down to $19, is now worth more than $15,000,000 with dividends reinvested

    Sun Life Financials Inc             

    (TSE: SLF)

    Valuation

    Price/Earning: 13.1x
    Book Value: $34.98
    Price/book: 1.4x
    Cash flow: $-

 

 

Dividend

5 Year Dividend growth: 0.95%
Annual dividend: $1.62
Dividend yield: 3.73%
Payout ratio: 46.71%

Brookfield Asset Management Inc

(TSE:BAM.A)

Valuation

Price/Earning: 27.3x
Book Value: $34.59
Price/book: 1.6x
Cash flow: $6.69

 

 

Dividend

5 Year Dividend growth: 6.43%
Annual dividend: $0.52
Dividend yield: 1.45%
Payout ratio: 72.10%

Intact Financial Corporation

(TSE: IFC)

Valuation

Price/Earning: 18.2x
Book Value: $43.54
Price/book: 2.3x
Cash flow: $5.08

 

 

Dividend

5 Year Dividend growth: 9.28%
Annual dividend: $2.32
Dividend yield: 2.49%
payout ratio: 52.80%

2. Real Estate – REIT Stock’s

RioCan Real Estate Investment Trust

(TSE: REI.UN)

Valuation

Price/AFFO: 17.02x
Book Value: $24.58
Price/book: 1.1x
AFFO: $1.57

 

 

 

 

Dividend

5 year Dividend growth: 0.43%
Annual dividend: $1.41
Dividend yield: 5.27%
Payout ratio (based on AFFO): 89.80%

Canadian Apartment Properties Real Estate Investment Trust

(TSX: CAR.UN)

Valuation

Price/AFFO: 17.57x
Book Value: $28.79
Price/book: 1.0x
AFFO: $1.69

 

 

 

Dividend

5 year Dividend growth: 2.19%
Annual dividend: $1.25
Dividend yield: 4.21%
payout ratio (based on AFFO): 73.9%

Boardwalk REIT

(TSE: BEI.UN)

Valuation

Price/AFFO: 16.18x
Book Value: $62.56
Price/book: 0.8x
AFFO: $3.23

 

 

Dividend

5 year Dividend growth: 2.53%
Annual dividend: $2.25
Dividend yield: 4.31%
payout ratio (based on FFO): 69.66%

3. Energy Stocks

Enbridge

(TSE: ENB)

Valuation

Price/Cash flow: 16.7x
Book Value: $21.77
Price/book: 3.9x
Cash flow: $3.68

 

 

 

Dividend

5 year Dividend growth: 11.85%
Annual dividend: $2.12
Dividend yield: 3.67%
Payout ratio (based on FFO): 57.60%

TransCanada Corporation

(TSE: TRP)

Valuation

Price/DCF: 12.23x
Book Value: $23.40
Price/book: 3.1x
Distributable Cash Flow (DCF): $5.00

 

 

Dividend

5 year Dividend growth: 5.39%
Annual dividend: $2.26
Dividend yield: 3.70%
Payout ratio (based on DCF): 45.2%

Suncor Energy Inc

(TSE: SU)

Valuation

Price/Earning: – (negative value)
Book Value: $27.00
Price/book: 1.4x
Cash flow: $3.39

 

 

 

Dividend

5 year Dividend growth: 23.30%
Annual dividend: $1.16
Dividend yield: 3.09%

Imperial Oil Limited

(TSE: IMO)

Valuation

Price/Earning: 122.5x
Book Value: $27.62
Price/book: 1.6x
Cash flow: $2.27

 

 

Dividend

5 year Dividend growth: 4.63%
Annual dividend: $0.69
Dividend yield: 1.30%
Payout ratio: 158.86%

4. Telecommunication Stocks 

BCE Inc

(TSE: BCE)

Valuation
Price/Earning: 19.1x
Book Value: $19.67
Price/book: 4.2x
Cash flow: $7.28

 

 

Dividend

5 year Dividend growth: 7.81%
Annual dividend: $2.73
Dividend yield: 4.53%
Payout ratio: 90.00%

Rogers Communication Inc

(TSE: RCI.B)

Valuation

Price/Earning: 20.0x
Book Value: $11.16
Price/book: 4.7x
Cash flow: $7.34

 

 

Dividend

5 year Dividend growth: 8.45%
Annual dividend: $1.92
Dividend yield: 3.54%
Payout ratio: 70.32%

Telus Corporation

(TSE: T)

Valuation

Price/Earning: 18.0x
Book Value: $12.91
Price/book: 3.1x
Cash flow: $5.71

 

 

Dividend

5 year Dividend growth: 10.93%
Annual dividend: $1.84
Dividend yield: 4.34%
Payout ratio: 73.94%

5. Utility Stocks

Fortis Inc

(TSE: FTS)

Valuation

Price/Earning: 21.1x
Book Value: $35.09
Price/book: 1.4x
Cash flow: $5.25

 

 

Dividend

5 year Dividend growth: 4.49%
Annual dividend: $1.60
Dividend yield: 3.76%
payout ratio: 72.07%

Canadian Utilities

(TSE: CU)

Valuation

Price/Earning: 26.6x
Book Value: $23.20
Price/book: 2.2x
Cash flow: $3.91

 

 

Dividend

5 year Dividend growth: 9.34%
Annual dividend: $1.30
Dividend yield: 3.50%
payout ratio: 108.92%

Emera Inc

(TSX: EMA)

Valuation

Price/Earning: 14.4x
Book Value: $28.53
Price/book: 2.0x
Cash flow: $5.77

 

 

Dividend

5 year Dividend growth: 7.42%
Annual dividend: $2.09
Dividend yield: 4.47%
payout ratio: 55.82%

Brookfield Renewable Energy Partners LP

(TSE: BEP.UN)

Valuation

Price/FFO: 22.07x
Book Value: $32.83
Price/book: 1.15x
Cash flow: $6.34

 

 

 

Dividend

5 year Dividend growth: 5.78%
Annual dividend: $1.78 (USD)
Dividend yield: 5.74%
payout ratio: 105.3%

Algonquin Power & Utilities Corp

(TSE: AQN)

Valuation

Price/AFFO: 10.01x
Book Value: $7.56
Price/book: 1.42x
AFFO: $1.15

 

 

 

Dividend

5 year Dividend growth: 15.16%
Annual dividend: $0.49
Dividend yield: 4.82%
payout ratio (based on AFFO): 42.6%

Dollarama Inc.

(TSE: DOL)

Valuation 

Price/Earning: 24.78
Book Value: –
Price/book: –
Cash flow (TTM) : $605.91M

 

 

Dividend

5 Year Dividend Growth: –
Annual dividend: $0.176
Dividend yield: $0.044
Payout ratio: 9.51%

6. Material Stocks

Agrium Inc

(TSE: AGU)

Valuation

Price/Earning: 14.3x
Book Value: $57.15
Price/book: 1.9x
Cash flow: $13.01

 

 

Dividend

5 year Dividend growth: 83.20%
Annual dividend: $3.50
Dividend yield: 3.89%
payout ratio: 55.76%

7. Information Technology (IT) Stocks

CGI Group Inc

(TSE:GIB.A)

Valuation

Price/Earning: 18.8x
Book Value: $19.68
Price/book: 3.1x
Cash flow: $4.57

 

 

Dividend

5 Year Dividend growth: 0%
Annual dividend: $0
Dividend yield: 0%
payout ratio: –

Constellation Software Inc

(TSE: CSU)

Valuation 

Price/Earning: 55.99
Book Value: –
Price/book: 38.48
Cash flow (TTM) : 940.70M

 

 

Dividend

5 Year Dividend Growth:
Annual dividend: 1.315
Dividend yield: 0.36%
Payout ratio: 119.2%

8. Consumer Stocks

Saputo Inc

(TSE: SAP)

Valuation

Price/Earning: 29.0x
Book Value: $10.20
Price/book: 4.5x
Cash flow: $2.12

 

 

Dividend

5 year Dividend growth: 11.35%
Annual dividend: $0.60
Dividend yield: 1.28%
payout ratio: 33.11%

Loblaw Companies Limited

(TSE: L)

Valuation

Price/Earning: 41.7x
Book Value: $32.08
Price/book: 2.1x
Cash flow: $5.33

 

 

Dividend

5 year Dividend growth: 3.44%
Annual dividend: $1.04
Dividend yield: 1.56%
payout ratio: 63.22%

Metro Inc

(TSX: MRU)

Valuation

Price/Earning: 18.0x
Book Value: $10.91
Price/book: 3.6x
Cash flow: $3.12

 

 

Dividend

5 year Dividend growth: 15.83%
Annual dividend: $0.56
Dividend yield: 1.34%
payout ratio: 23.53%

9. Consumer Discretionary Stocks

Canadian Tire Corporation Limited

(TSE: CTC)

Valuation

Price/Earning: 14.6x
Book Value: $67.63
Price/book: 2.0x
Cash flow: $16.00

 

 

Dividend

5 year Dividend growth: 20.11%
Annual dividend: $2.30
Dividend yield: 1.18%
payout ratio: 24.64%

Magna Internations Inc

(TSE: MG)

Valuation

Price/Earning: 8.5x
Book Value: $29.28
Price/book: 1.7x
Cash flow: $9.48

 

 

Dividend

5 year Dividend growth: 29.71%
Annual dividend: $1.00
Dividend yield: 2.34%
payout ratio: 18.47%

Cineplex Inc

(TSX: CGX)

Valuation

Price/Earning: 25.3x
Book Value: $12.11
Price/book: 4.4x
Cash flow: $3.54

 

 

Dividend

5 year Dividend growth: 4.10%
Annual dividend: $1.62
Dividend yield: 3.15%
payout ratio: 77.49%

Thomson Reuters Corporation

(TSE: TRI)

Valuation

Price/Earning: 26.0x
Book Value: $21.76
Price/book: 2.5x
Cash flow: $4.81 

 

 

Dividend

5 year Dividend growth: 2.93%
Annual dividend: $1.36
Dividend yield: 3.34%
payout ratio: 87.68%

10. Infrastructure and Transportation Stocks

Canadian National Railway Company

(TSE: CNR)

Valuation

Price/Earning: 19.2x
Book Value: $18.99
Price/book: 4.5x
Cash flow: $6.03

 

 

 

Dividend

5 year Dividend growth: 18.28%
Annual dividend: $1.50
Dividend yield: 1.72%
payout ratio: 29.96%

Brookfield Infrastructure Partners L.P

(TSE: BIP.UN)

Valuation

Price/FFO: 14.25x
Book Value: $16.65
Price/book: 2.0x
FFO: $3.14

 

 

 

Dividend

5 year Dividend growth: 14.02%
Annual dividend: $2.04
Dividend yield: 4.0%
payout ratio (based on FFO): 64.50%

Exco Technologies Limited

        (TSE: XTC)

      Valuation

Opportunity Score: 89%
Stock: TSE:XTC
Sector: Consumer Cyclical
Dividend Yield: 3.25%
Dividend Payout Ratio: 29.91%

 

SU – SmallSuncor

Opportunity Score: 86%
Stock: TSE:SU
Sector: Energy
Dividend Yield: 3.24%
Dividend Payout Ratio: 79.01%

 

MRU – Metro Inc.

Opportunity Score: 85%
Stock: TSE:MRU
Sector: Consumer Defensive
Dividend Yield: 1.59%
Dividend Payout Ratio: 25.90%

CP – SmallCanadian Pacific

Opportunity Score: 85%
Stock: TSE:CP
Sector: Industrials
Dividend Yield: 1.16%
Dividend Payout Ratio: 20.18%

ATCO – ATCO Group

Opportunity Score: 83%
Stock: TSE:ACO.X
Sector: Utilities
Dividend Yield: 2.85%
Dividend Payout Ratio: 47.81%

CU – Canadian Utilities Limited

Opportunity Score: 81%
Stock: TSE:CU
Sector: Consumer Cyclical
Dividend Yield: 3.65%
Dividend Payout Ratio: 66.82%

BMO – Bank Of Montreal

Opportunity Score: 80%
Stock: TSE:BMO
Sector: Industrials
Dividend Yield: 4.02%
Dividend Payout Ratio: 44.28%
Technical Trend: Technical Trend Analysis
First National Financial Corporation

FN – First National

Opportunity Score: 80%
Stock: TSE:FN
Sector: Financial Services
Dividend Yield: 7.15%
Dividend Payout Ratio: 49.60%

SAP – Saputo

Opportunity Score: 80%
Stock: TSE:SAP
Sector: Consumer Defensive
Dividend Yield: 1.42%
Dividend Payout Ratio: 31.58%

 

Air Canada

(TSE: AC)

Valuation

Price/Earning: 11.50
Book Value: –
Price/book: 3.095
Cash flow (TTM) : 4.808B

 

 

Dividend

5 Year Dividend Growth: NA
Annual dividend: NA
Dividend yield: NA
Payout ratio: NA

Blue Chip Stocks Vs Growth Stocks 

As we have already detailed before – Blue chip stock refers to the stock of a company that is well established, publicly traded and with a historical record of generating profit for its stockholders.

In plain English, when you ask, “what are Blue chip stocks?” the answer is usually shared in a company you already know. Companies that have stood the test of time and pose less risk to an investor even in the worst financial crises are Blue chip stock companies. Coca-Cola and Apple are two good examples.

blue chip stocks

Blue Chip stocks are also the best dividend stocks; your best promise of investment quality—and of strong returns for years to come

Also, Blue chip companies have a reputation for operating in a safe, profitable and reliable manner, are often leaders in their industry and have typically been in operation for 25 years or more.

VGRO

What Are Growth Stocks Then?

Growth stocks are generated from new-to-the-market[newbie] companies showing recent earnings growth and expected to gain profit quickly in a particular sector.

Growth stock companies often conduct development and research in a field of interest, such as technology or medicine, and may be considered pioneers in a particular industry. Because these companies are newly traded, they lack a track record of reliable operation (Blue Chip companies edge here).

Instead of reliability, a growth stock is purchased because of the possible higher profits they could generate once the company succeeds.

Are Blue Chip Stocks Safe?

The majority of investors know blue-chip stocks have stable earnings. During an economic downturn, investors may turn to these safe havens because of their secure nature.

Blue Chip companies offer security during periods of slower growth due to their intelligent management teams and the ability to generate stable profits.

If the stock market is experiencing a bear market, investors don’t need to worry about their investments in blue-chips because, generally, they recover.

Blue Chip stocks are considered a good investment for persons wanting to build wealth in a steady, conservative manner. Because Blue Chip companies are often quite large and very popular with investors, the price of their stock is generally much higher than a growth stock making them less affordable. 

canadian etfs

Top 10 Canadian Blue Chip Stocks List of All Time – 2020

Here’s the list of the Top 10 All-Time Favourite Canadian Blue-Chip Stocks you should have as part of your investment portfolios. Again just to re-iterate, even having a couple of these blue chips will be good. All of these stocks have delivered consistently over a longer period of time, withstanding the great recession periods and blue chips for a reason. 

You may want to at least have a couple of these stocks, be it you are an aggressive, dividend only investor or the average Joe kind of an investor. The longer the periods of investment, the better the results. That’s the mantra be blue-chip stocks. The same rule is applicable to any good investment elsewhere too. 

1. Royal Bank of Canada – TSE: RY, NYSE: RY

RBC – Royal Bank of Canada

Opportunity Score: 63%
Stock Price: $80.10
52 Week Ratio: 95.52% ($64.52 – $80.83)
Market Capitalization: $120.82B
P/E: 12.06
Dividend Yield: 4.04%
10 Year CAGR Dividend Growth: 10.12%
Sector: Financial Services

2. Toronto-Dominion Bank – TSE: TD, NYSE: TD

TD – TD Bank Toronto-Dominion Bank

Opportunity Score: 61%
Stock Price: $56.65
52 Week Ratio: 85.74% ($47.75 – $58.13)
Market Capitalization: $104.96B
P/E: 12.90
Dividend Yield: 3.88%
10 Year CAGR Dividend Growth: 9.54%
Sector: Financial Services

3. Bank Of Nova Scotia – TSE: BNS, NYSE: BNS

BNS – Scotia Bank

Opportunity Score: 61%
Stock Price: $65.63
52 Week Ratio: 89.09% ($51.17 – $67.40)
Market Capitalization: $79.27B
P/E: 11.78
Dividend Yield: 4.39%
10 Year CAGR Dividend Growth: 7.50%
Sector: Financial Services

4. Canadian National Railway – TSE: CNR, NYSE: CNI

CNR – Canadian National Railway

Opportunity Score: 58%
Stock Price: $80.58
52 Week Ratio: 81.21% ($66.62 – $83.81)
Market Capitalization: $62.68B
P/E: 17,75
Dividend Yield: 1.86%
10 Year CAGR Dividend Growth: 17.46%
Sector: Industrials

5. Suncor – TSE: SU, NYSE: SU

SU – Suncor

Opportunity Score: 42%
Stock Price: $36.08
52 Week Ratio: 67.23% ($27.32 – $40.35)
Market Capitalization: $59.90B
P/E: N/A (negative earnings)
Dividend Yield: 3.22%
10 Year CAGR Dividend Growth: 25.25%
Sector: Energy

6. Bank Of Montreal – TSE: BMO, NYSE: BMO

BMO – Bank of Montreal

Opportunity Score: 54%
Stock Price: $84.73
52 Week Ratio: 98.57% ($64.01 – $85.03)
Market Capitalization: $54.75B
P/E: 12.72
Dividend Yield: 4.06%
10 Year CAGR Dividend Growth: 5.76%
Sector: Financial Services

7. Bell Canada – TSE: BCE, NYSE: BCE

BCE – Bell Canada

Opportunity Score: 51%
Stock Price: $62.52
52 Week Ratio: 94.24% ($51.56 – $63.19)
Market Capitalization: $54.38B
P/E: 19.78
Dividend Yield: 4.37%
10 Year CAGR Dividend Growth: 6.88%
Sector: Communication Services

8. Enbridge – TSE: ENB, NYSE: ENB

ENB – Enbridge

Opportunity Score: 50%
Stock Price: $53.94
52 Week Ratio: 70.50% ($40.03 – $59.76)
Market Capitalization: $49.47
P/E: 30.47
Dividend Yield: 3.93%
10 Year CAGR Dividend Growth: 13.59%
Sector: Energy

9. TransCanada Pipeline – TSE: TRP, NYSE: TRP

TRP – TransCanada Pipeline

Opportunity Score: 21%
Stock Price: $61.19
52 Week Ratio: 98.80% ($40.58 – $61.44)
Market Capitalization: $48.94B
P/E: N/A (negative earnings)
Dividend Yield: 3.69%
10 Year CAGR Dividend Growth: 5.48%
Sector: Energy

10. Canadian Natural Resources – TSE: CNQ, NYSE: CNQ

CNQ – Canadian Natural Resources

Opportunity Score: 30%
Stock Price: $76.34
52 Week Ratio: 97.62% ($21.27 – $41.85)
Market Capitalization: $45.64
P/E: N/A (negative earnings)
Dividend Yield: 4.24%
10 Year CAGR Dividend Growth: 10.12%
Sector: Energy

Conclusion 

Blue Chip stocks come from companies whose stocks have a national reputation for quality, reliability and the ability to operate profitably in good times and bad.

With that said, owning a couple of blue chips in your portfolio is definitely worth your time and money

If you ask me which ones to choose, I will leave that option for you. Choosing the best stocks always depends on your Investment type, risk, age factor and personal finance choice. But there’s one thing I can assure you of – the earlier you start investing, the better you are. Your investments will grow that much faster and over a period of time with compounded growth – you see magical numbers. I’ve seen that in a couple of my good investments. 

With that said – There are passive, mediocre and aggressive investors in the market. One thing for sure – By far blue chips are market-tested time and again and are the safest investments for all three types of investors. 

Whether we’re talking about socks or stocks, I like buying quality merchandise, when it is marked down – Warren Buffett

If you liked the content of this article, please share it on social media and help spread the word. Also, do please let me know your thoughts and comments below.

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Sagar Sridhar

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.

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Daniel Lucas

Great read! I think every investor should learn from what you’ve written here. I do have a Blue chip stock in Toronto-Dominion Bank and it’s been a wonderful experience so far.

Rachel

Very insightful. Getting a blue chip stock is a very wise way to go by every investor that understands the game.

Mitchell

Indeed an eye opener! These are things I’d yearn to know few months back. However, I don’t think it’s too late either. It’s time I look into getting few blue chip stocks in some of these investments. It will be really wise.

David Smith

I absolutely agree with you that getting a few blue chip stocks in one’s portfolio is a wise decision any serious investor could make. I can’t imagine myself making such mistake again. The last experience was a terrible one. Nice post. Thanks!

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Hilario

Wow, amazing blog format! How lengthy have you ever been running a blog for?

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Frank Wilson

Someone from work mentioned going into blue chip stocks so I have been doing a bit of research on them. I appreciate all the information complied here for the top 30 blue chip stocks in Canada. I recently became a citizen here (moved from the US) so I am new to how stocks differ. This information was very helpful.

Admin

Thanks Frank!

CathyP

This blog post is a gold mine! I’m going to keep it bookmarked so I can keep referring back to it as I’m building my portfolio

Jonathon

Real Estate and Energy stocks are what I typically invest in. The way I see it is- people have to have somewhere to live and they have to have electricity! This is a great list of blue chip stocks btw.

Jamie

If you live in Canada and have a little extra to spare, you should def. invest in the Canadian blue chip stocks. It’s never too late to start.

SabrinaTarn

I already own a good portion of these so I think I’ve got some good diversity going on there

ThomasGD

As someone who’s only just getting into the stock market, this is more helpful than you could imagine. Thanks for making the list so easy to digest!

sonny panday

Awesome God Bless That really good