Brookfield’s business units include real estate, infrastructure, renewable power, and private equity. That's a consistent return which means using the rule of 72, I double my portfolio every 6 years. If you’re Canadian, most banks will have a trading platform where you can purchase the stocks mentioned above. But with so many options to choose from, it can get overwhelming to even start thinking about a stock to invest in.. No hidden magic.In fact, I have tried all of the investment services for dividend investors like a crash test dummy of investment services. Latest Stock Picks; Recent Headlines. I hope that showing my Canadian dividend stock portfolio on my blog help me track my holding, stay focus, share ideas and specially receive great feedback from fellow dividend investors. Canadian Utilities has core investments in electricity, pipelines & liquids and retail energy business units, as well as its international operations in Australia and Latin America. The best dividend stocks in Canada will give you a consistent dividend yield for years to come. The firm acquires good quality businesses, restructures its operations and subsequently sells them. If you’re anticipating a market crash and looking to invest in a steady dividend payer, Fortis stock would be a good choice for one of Canada’s best Canadian dividend stocks. For example, Metro, Super C and Adonis all target unique markets and customers. Its two business segments, food operations and pharmaceutical operations are combined into one reportable operating segment. Emera reports its results in six operating segments: Emera Florida and New Mexico, Nova Scotia Power Inc., Emera Maine, Emera Caribbean, Emera Energy, and corporate & other. Questrade offers the cheapest trades! The firm is in a good position to benefit from strong infrastructural development across the world. The company also supplies road transportation fuel to approximately 1,300 locations in the U.S. and offers stationary energy and aviation fuel.Couche-Tard caters to more than 9 million global customers daily, offering them merchandise and services (55% of 2018 revenues), motor fuel (43%) and other (2%).As a leading independent convenience store operator, Couche-Tard owns a network of nearly 10,000 convenience stores in 48 states in the U.S., ten provinces in Canada, as well as other countries.It operates more than 16,000 stores worldwide. The third-largest beer maker in the world, Molson Coors Brewing Co (NYSE:TAP) tops the list of the 10 best Canadian dividend stocks to buy and hold. Couche-Tard caters to more than 9 million global customers daily, offering them merchandise and services (55% of 2018 revenues), motor fuel (43%) and other (2%). These are high dividend blue chip stocks in Canada. Investment DataOpportunity Score: 69Ticker: TSE:aco.xSector: UtilitiesIndustry: Utilities - DiversifiedMarket Cap: 4.24BP/E: 15.75Dividend Yield: 4.73%Payout Ratio (Earnings): 74.39%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 7/10#8 – ManulifeManulife Financial Corporation is a leading international financial services company in Canada. #1) Brookfield Asset Management (BAM) Brookfield Asset Management (BAM) is a Canadian financial firm you might not have heard of. The USA, Canada and Mexico are its core geographies and the company has access to North America’s two most prolific natural gas supply basins. It also has renewable energy business. Investment DataOpportunity Score: 73Ticker: TSE:atd.bSector: Consumer DefensiveIndustry: Grocery StoresMarket Cap: 37.28BP/E: 13.56Dividend Yield: 0.82%Payout Ratio (Earnings): 11.15%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 9/10Dividend Income Fit: 5/10#4 – Brookfield InfrastructureBrookfield Infrastructure Partners is one of the largest owners and operators of infrastructure networks globally. If you use Questrade, you could even set up a Questrade Drip to buy more when your dividends roll in. The company serves more than two million customers in over 100 countries around the world.It provides integrated solutions in structures & logistics, electricity, pipelines & liquids, commercial real estate and retail energy.ATCO owns an impressive asset base comprising of 21 power plants with a generation capacity of 2500+ MW, 87,000 km electric power lines, huge hydrocarbon storage capacity, 64,500 km natural gas pipelines, etc. Get $50 in free trades when you open a Questrade account. The company’s stock has also performed well, increasing about 14% over one year. The best dividend stocks offer a growing payout in addition to price returns stemming from a rise in stock … It also has investments in renewable energy assets. It operates through 10 utility companies such as ITC, UNS Energy, Fortis Alberta, Fortis BC, etc. Whether you are wanting to buy ETFs, or purchase individual dividend stocks of companies featured on our top 100 list, the way to do it is by opening a discount brokerage account. The company is one of the largest food retailers in Canada. Disclaimer: Wealth Awesome strives to keep its information accurate and up to date. Just ask me, and you'll learn why there was nothing I could use out there and build the Dividend Snapshot Screeners. With more than 65 years of service, TC Energy is known for delivering energy in a safe and sustainable manner. The company is a good long term buy and hold. In fact, I have tried all of the investment services for dividend investors like a crash test dummy of investment services. This post may contain an affiliate relationship with companies that Wealth Awesome believes in personally. Here is a quick excerpt on the top 10 dividend growth stocks opportunities identified through the Canadian Dividend Stock Screener. Make sure to buy them through a commission-free trading platform so you don’t burn all of your cash on fees. Investment DataOpportunity Score: 77Ticker: TSE:emaSector: UtilitiesIndustry: Utilities - DiversifiedMarket Cap: 13.10BP/E: 14.91Dividend Yield: 4.89%Payout Ratio (Earnings): 72.86%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 9/10#3 – Alimentation Couche-Tard Inc.Alimentation Couche-Tard is one of the largest Canadian companies and the owner of several Canadian convenience stores. Get your list of STRONG Dividend Growth Stocks#1 – TC EnergyTC Energy is a leading North American infrastructure company. As a growing renewable energy company, Algonquin Power owns a strong portfolio of long term contracted wind, solar and hydroelectric assets with 1.5 GW of total installed capacity. It operates a balanced and diversified portfolio consisting of ~90% regulated assets in electric utilities, gas LDCs; and unregulated gas-fired generation across North America. Investment DataOpportunity Score: 67Ticker: TSE:mfcSector: Financial ServicesIndustry: Insurance - LifeMarket Cap: 36.62BP/E: 9.06Dividend Yield: 4.67%Payout Ratio (Earnings): 42.26%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 5/10Dividend Income Fit: 7/10#9 – MetroMetro is a leading food and pharmaceutical company having operations in Quebec and Ontario. It is Alberta’s largest natural gas distribution company, serving approximately 1.2 million customers in nearly 300 communities.ATCO has manufacturing facilities in Canada, the US, Chile, and Australia. Investment DataOpportunity Score: 69Ticker: TSE:aqnSector: UtilitiesIndustry: Utilities - RenewableMarket Cap: 13.03BP/E: 20.86Dividend Yield: 3.61%Payout Ratio (Earnings): 75.03%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 7/10Dividend Income Fit: 8/10#6 – Canadian UtilitiesCanadian Utilities is one of the largest utility companies in Canada. Algonquin Power & Utilities is a diversified utility company in North America with $10 billion in total assets. Dividend Earner will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Your email address will not be published. The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks. My stock selection process breaks down the quantitative and qualitative assessments investors should establish to pull the trigger before buying.If you are interested in more details, the Canadian Dividend Screener provides many more data points to help make your investment decision.Dividend growth investing works and you can generate a healthy retirement income but you have to buy individual stocks. Its drug business is conducted through 650 drugstores and pharmacies operating under the banners Jean Coutu, Brunet, Metro Pharmacy and Drug Basics. The company owns an extensive network consisting of 87,000 km electrical powerlines, 64,500 km pipelines, 21 global generating plants, water infrastructure capacity of 85,200 cubic meters per day, and natural gas and hydrocarbon storage capacities. Be sure to come back, or better yet, follow the top 10 with the Canadian Dividend Screener. The company is one of the largest food retailers in Canada.The company operates through more than 600 food stores operating under the banners Metro, Metro Plus, Super C, Food Basics and Adonis. Brookfield Infrastructure Partners is one of the largest owners and operators of infrastructure networks globally. and serves utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.ITC Holdings is the largest independent electricity transmission company in the U.S. Fortis caters to 3.3 million utility (2 million electric utility customers and 1.3 million gas utility customers) across North America. Since its humble beginning in 1902, 3M has grown to a more than $90 billion business. With 85 investment properties spanning the globe and increased dividends since 2012, Granite REIT is one of my picks for best Canadian dividend stock. My stock selection process breaks down the quantitative and qualitative assessments investors should establish to pull the trigger before buying. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio.The monthly top 10 rarely have the same top 10 stocks. Bank Stocks. These are available from all Canadian banks, as well as a number of independent firms, like Questrade , which happens to be our top choice here at MapleMoney. It's not from the beginning of the year or from 2019, it's from 2009 !!! Usually could identify a pullback if the yield starts to go up or major trouble if it goes too high.Dividend Growth: Uses dividend growth and the Chowder Rule. Ownership of low-risk regulated cost-of-service businesses and long-term contracted energy infrastructure assets differentiate TC Energy from its peers. There are many ways to buy Canadian stocks. Join 90,000+ Monthly Investors & Build a Winning Portfolio, Best Stock Screener to Find an Investment. It supplies more than 25% of natural gas consumed daily across North America. The company has a strong portfolio of diversified assets, storage facilities and power generation plants and operates one of North America’s largest natural gas pipelines networks extending to more than 57,500 miles. Well, let’s just say that the S P 500, inclusive of dividends and when adjusted for inflation, has historically returned 7% annually, with the Dow closer to 5.7% a year, on average, over its 123-year history. This makes it difficult to find top RRSP picks right now, but some attractive dividend stocks still look cheap and could deliver big gains.The post RRSP Investors: A Top Canadian Dividend Stock to Buy Now and Hold … If you are not comfortable with holding individual stocks, you can always buy dividend ETFs or consider different passive income ideas to generate a retirement income. The more expensive the stock, the fewer shares you need to buy in order to invest the money you have. The firm is highly diversified by sectors and geographies which reduces volatility and safeguards against any market fluctuation.Brookfield Infrastructure focuses on the ownership of stable cash flow generating assets operating under regulated frameworks. Its regulated earnings have doubled to 93% in 2017 from 45% in 2012. The company provides financial advice, insurance, as well as wealth and asset management solutions for individuals, groups, and institutions.As of March 2018, Manulife had $1.1 trillion assets under management making it one of the largest life insurance companies in the world. As one of the leading telecoms in Canada, BCE has a built-in advantage of being an established player in a large market with few competitors. By geography, Canada is its principal place of business accounting for 94% of revenues, followed by Australia (5%) and other countries (1%). Therefore Dividend Earner doesn't bear any responsibility for any trading losses you might incur as a result of using this data. BMO Canadian Dividend ETF is another excellent entry on the list of the best dividend ETFs in Canada. If you are not comfortable with holding individual stocks, you can always buy dividend ETFs or consider different passive income ideas to generate a retirement income. Please be fully informed regarding the risks and costs associated with trading, it is one of the riskiest investment forms possible. Brookfield Infrastructure focuses on the ownership of stable cash flow generating assets operating under regulated frameworks. ATCO owns an impressive asset base comprising of 21 power plants with a generation capacity of 2500+ MW, 87,000 km electric power lines, huge hydrocarbon storage capacity, 64,500 km natural gas pipelines, etc. Top 10 Canadian Dividend Stocks – January 2021, Get your list of STRONG Dividend Growth Stocks. Utility stocks are among the most common safe, buy-and-hold stocks. With a very healthy dividend yield of 5.91%, Enbridge is very keen on returning value to its shareholders. A member of the dividend aristocrats, Enbridge has increased its dividends for the past 20 years. Investment DataOpportunity Score: 72Ticker: TSE:bip.unSector: UtilitiesIndustry: Utilities - DiversifiedMarket Cap: 20.93BP/E: 79.49Dividend Yield: 4.29%Payout Ratio (Earnings): 341.28%Canadian Dividend Aristocrat: NOChowder Score: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 8/10Dividend Income Fit: 7/10#5 – Algonquin Power & Utilities CorpAlgonquin Power & Utilities is a diversified utility company in North America with $10 billion in total assets. K12 Inc. (NYSE: LRN) IBM (NYSE: IBM) Toyota (NYSE: TM) Best of all, most of these companies have viable businesses and strong consumer demand that extend outside the corona catalyst. Quickly create your account online and get started with $50 in Free Trades.Opportunity Score FormulaThe top 10 stocks identified above are based on a score calculated using a number of financial data points from the companies. DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. Kimberly-Clark. Growing revenue is important. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio. 3 Low-Risk Canadian Stocks Low-Risk Canadian Stock #1: Pembina Pipeline (PBA) Pembina pays a strong dividend, at 5.0%. The company through its subsidiaries owns an equity interest in more than 39 clean energy facilities. While RY does not currently offer the highest dividend yield, I believe that it is the best bet going forward out of the Big Five banks. Some of the companies are strong blue chip stocks while others are smaller companies with growth or just simply beaten down. Pre-qualified offers are not binding. 3M. A reliable stock for all times Canadian National Railway (NYSE:CNI) has quietly made massive profits for investors who've held the stock and reinvested dividends through the past couple of … Metro has developed a successful market segmentation strategy with its different grocery banners catering to three different market segments. ATCO is a diversified company providing services and business solutions globally. Here are some related post you might enjoy: Despite having such a “financially attractive” name, money market ETFs are not as exciting as you might think. TC Energy operates three complementary energy infrastructure businesses across three major geographies in North America. It is a subsidiary of ATCO. By geography, the US is its largest market accounting for 67% of 2018 revenues, followed by Europe (20%) and Canada (13%). I am not a financial professional, and I can buy, sell, or hold any investment at anytime. The opportunities will vary every month and that’s why it’s important to have a systematic approach to understanding which dividend stocks are an opportunity. By generation type, TC’s assets can be divided into nuclear, natural gas and wind. No hidden magic. For a complete list of my holdings, please see my Dividend Portfolio. Join 90,000+ Monthly Investors & Build a Winning PortfolioDISCLOSURE: Please note that I may have a position in one or many of the holdings listed. Be sure to come back, or better yet, follow the top 10 with the Canadian Dividend Screener. You can open an account as a Canadian or an American. CIBC (CM) CIBC was another big payer of dividends last year, providing a 4.4% yield and a one-year divided-per-share growth rate of 4.7%. I chose these stocks because they span multiple industries in Canada, and are known for their track record and reliability. Scotiabank stock has been performing well. Alimentation Couche-Tard is one of the largest Canadian companies and the owner of several Canadian convenience stores. An opportunity can be for a stock you already own or simply for a new addition to your portfolio.It is important to note that the rankings below do not assess the viability of the business. The company also owns reputed brands like Manulife and John Hancock in the USA.Manulife serves 26 million customers in the USA, Canada, and Asia. 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. TC Energy operates three complementary energy infrastructure businesses across three major geographies in North America. The company provides financial advice, insurance, as well as wealth and asset management solutions for individuals, groups, and institutions. RBC has increased its dividend by 40% in the last five years. But those in the know have it so much simpler thanks to the rare but revered breed of monthly dividend stocks. It supplies more than 25% of natural gas consumed daily across North America. Dividend growth investing works and you can generate a healthy retirement income but you have to buy individual stocks. Indeed, the Canadian dividend aristocrats index (represented by CDZ) is down 18% year-to-date, while the TSX (represented by XIU) is down just 8.4% on the year. Metro and Metro Plus are leading supermarket chains in Quebec and Ontario. Investment DataOpportunity Score: 68Ticker: TSE:mruSector: Consumer DefensiveIndustry: Grocery StoresMarket Cap: 14.47BP/E: 18.47Dividend Yield: 1.55%Payout Ratio (Earnings): 28.66%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 8/10Dividend Income Fit: 5/10#10 – FortisFortis is a leading utility company engaging in regulated power generation, electric transmission, and energy distribution across North America.The US accounts for about 60% of Fortis’ business while Canada constitutes the remaining 40%. The company’s operating segments are Canadian Utilities (electricity, pipelines & liquids, and corporate) which accounted for 78% of total earnings (Q3’18) followed by structures & logistics (4%), Neltume Ports (1%) and corporate and others (17%). I’ve written over 1,000 articles about Canadian TSX stocks, many of which provide dividends to its investors. The insurance, wealth management, and capital markets have pushed RBC’s bottom line. No other investment services provide you with easy to understand data but also actionable data. For example, Metro, Super C and Adonis all target unique markets and customers. All financial products, shopping products and services are presented without warranty. Is the stock pulling back from a 52 week high?P/E Ratio: Is the stock price running away from its earnings?Revenue Growth: Is the revenue growing? Just look at a few ultra-long-term stocks that you can buy now and hold forever as potential income investments in any environment. Clients look to Manulife for reliable and intelligent financial solutions. Over the past five years, RY did well because of its smaller divisions acting as growth vectors. Algonquin’s utility business serves nearly 770,000 customers in twelve states across the U.S., through 1,200 miles of electrical transmission lines and 100 miles of natural gas transmission pipelines. They have low-fee stock trading, and $0 ETF trades also. By generation type, TC’s assets can be divided into nuclear, natural gas and wind. The company also owns reputed brands like Manulife and John Hancock in the USA. Quickly create your account online and get started with $50 in Free Trades. With an attractive dividend yield of 4.75%, this discount store operator can provide income while allowing room for stock appreciation as price margins are expected to increase. Is the company capable of growing the dividend consistently?Dividend Payout Ratio: Uses historical averages to put today's ratio in perspective. The dividend tax credit offered to Canadians can greatly increase your investment returns Canadian taxpayers who hold Canadian dividend stocks get a special bonus. Canada’s Best Dividend Stocks 2020 By Mark Brown on December 16, 2019 We’ve graded the largest, most liquid Canadian dividend stocks based on Yield, Stability and Value. About 99% of the company’s utility assets are regulated and it operates through regulated independent electric transmission (32% of 2018 earnings), regulated US electric & gas (33%), regulated Canadian & Caribbean electric & gas (40%), and non-regulated energy infrastructure (-5%) business segments.Fortis’ assets can be divided into electric (~80% of asset mix), gas, and non-regulated energy infrastructure. Most important, the stocks to buy and hold in your portfolio all have one thing in common: They give you reason to believe they might be worth holding on to indefinitely. You can buy or sell stocks for as low as $4.95. Hello, just wanted to mention, I loved this blog post. The US accounts for about 60% of Fortis’ business while Canada constitutes the remaining 40%. It is important to note that the rankings below do not assess the viability of the business. We don't want to be fooled by share buybacks and cost management only.Dividend Yield: Is the yield attractive? We chose these stocks not just because they pay well, but also because they have a history of dividend stability as well as a little growth. About 86% of Canadian Utilities’ earnings comes from regulated sources, and the remaining 14% is derived from long-term contracted assets. The company owns regulated electric and gas distribution and transmission assets worth $22 billion serving more than two million customers around the world. It completely ignores the business quality, the quality of the company is for every investor to assess. If you are interested in more details, the Canadian Dividend Screener provides many more data points to help make your investment decision. The top 10 stocks identified above are based on a score calculated using a number of financial data points from the companies. By generation type, TC’s assets can be divided into nuclear, natural gas and wind. Make your investment decisions at your own risk – see my full disclaimer for more details. Emera Inc. has operations in Canada, the USA and in four Caribbean countries. 2021, Wealthsimple Crypto Review 2021: Easily Buy Bitcoin in Canada. Investment DataOpportunity Score: 72Ticker: TSE:trpSector: EnergyIndustry: Oil & Gas MidstreamMarket Cap: 39.93BP/E: 11.42Dividend Yield: 6.00%Payout Ratio (Earnings): 68.64%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 9/10#2 – EmeraEmera Inc. is a leading North American diversified energy and services company with assets worth $30 billion. Yes that’s what I was trying to get at with my answer. Royal Bank is a global enterprise with operations in Canada, the United States, and as we'll see the importance of later, 40 other countries. I have been using Questrade for all my stock and ETF trading for the past eight years. The company provides a suite of financial protection and wealth management solutions to meet the current and future needs of individual and group customers. Metro’s largest acquisition of Jean Coutu group that has resulted in the creation of a $16-billion retail leader. These are some of the best long term dividend stocks in Canada to buy and hold. NiSource ( NI, $22.81), a natural gas and electricity utility, finds itself among analysts' favorite dividend stocks for 2021. This is obviously a snapshot in time at the time of writing, many factors could change the rankings.Here is a quick excerpt on the top 10 dividend growth stocks opportunities identified through the Canadian Dividend Stock Screener.Stay on top of your next investment decision with the Dividend Snapshot Canadian Dividend Screener. The company engages in the generation, transmission, and distribution of water, gas, and electricity to communities across the U.S. With its aggressive expansion into international markets, some investors were skeptical, but the strategy seems to have been paying off. About 99% of the company’s utility assets are regulated and it operates through regulated independent electric transmission (32% of 2018 earnings), regulated US electric & gas (33%), regulated Canadian & Caribbean electric & gas (40%), and non-regulated energy infrastructure (-5%) business segments. The company has a strong portfolio of diversified assets, storage facilities and power generation plants and operates one of North America’s largest natural gas pipelines networks extending to more than 57,500 miles.