SmallCapPower | January 2, 2020: Dividend-paying stocks can generate income for investors without having to sell shares. We provide investment services and other financial products through several affiliates. When we decided to update our list of the Best Canadian Dividend Stocks for 2021, we focused on four key areas: We hand-pick high dividend stocks … Compare Best Online Brokers in Canada* >. Dividend stocks have long been admired for their ability to create income for investors regardless of market conditions. MoneySense is fully owned by Ratehub Inc. but remains editorially independent. Vermilion Energy (NYSE: VET) Current dividend yield: 8.21% - Utility companies are known to be good dividend stocks and when they pay out dividends monthly, all the better. Looking to balance out your portfolio with bonds? Some clients of Wealthsimple for Advisors have accounts with Wealthsimple Advisor Services Inc. (WASI), a registered mutual fund dealer in each province and territory of Canada. Compare the Best Online Brokers Now* >. Falling interest rates may be a bit of a drag on these stocks, warns Robitaille, although they are trying to immunize themselves. Cryptocurrencies purchased and held in an account with Wealthsimple Crypto are not protected by CIPF, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme. It’s important to be aware that a high yield stock can either be a good income source or a warning sign for the dividend. That’s the principle behind the Dogs of the Dow strategy, where investors buy the blue-chip stocks with the highest yields and sell them at the end of the year. then Methanex may be a company worth a closer look. by implementing hedging strategies to minimize the impacts of interest rates and equity market movements on their underlying investment books. The following is a list of the best dividend stocks in Canada, starting with the highest dividend. WASI is a member of the Mutual Fund Dealers Association of Canada and a member of the MFDA Investor Protection Corporation. Power Corporation of Canada is a diversified international management and holding company with its feet in financial services, asset management, sustainable energy, and other sectors. The electricity they sell comes from various sources, such as landfill gas, natural gas, waste heal, coal, wind, solar, and solid fuels. Before we offer our final grades, we also want to be sure we’re identifying companies that provide value. This year 24 companies measure up as promising prospects. Investors need to be keenly aware of how sustainable those dividends are; sometimes they’re not. While we seek out companies with plump yields, we focus on the ones that can maintain them. Need a brokerage account? Need a Brokerage Account? Use an automated investing platform to manage the entire process for you so you can sit back and watch your money grow. It sells its products through distribution network of third-party financial advisors, consultants, and independent financial advisors. Get $50 FREE Questrade Trades to Buy Dividend Stocks The North West Company stock Three stocks that pay better ... RBC pays you more than Coca-Cola does while providing you with lots of safety as one of Canada's top banks. Share on Facebook High quality dividend paying stocks provide both dividend income, and the potential for stock price growth. The best dividend stocks in Canada Share on Linkedin Top 100 Dividend Stocks of 2019. The idea is to use consistent income and modest, long-term capital growth assets for … It operates in three segments: Bell Wireless offers 4G wireless data and voice communications. Over decades, I've learned that the true tell on great stocks is that big money consistently finds its way into the best companies out there … especially dividend-paying stocks. For more details read our MoneySense Monetization policy. It owns an impressive 5,100 megawatts of power generation capacity. When you sift through this year’s Dividend All-Stars, you’ll find no shortage of high-yield stocks. We simply can’t predict the future, no matter how steady their past has been. MoneySense’s goal is to provide the most relevant and up-to-date information as possible but, with all things you read on the internet, it is recommended you read critically and cross-reference with your own sources, especially before making any financial decisions. I liked companies that were value-priced, meaning they were trading at a low price to earnings. It’s generally safer (but never totally safe) to diversify your investments across the entire stock market using Exchange Traded Funds (ETFs). Or you can spend your dividends on more stocks and bonds to grow your portfolio. Looking for the best high interest savings account in... Find out which robo-advisor is right for you. When you dip into the B-grade stocks, you’ll find better sector diversification, including companies from the utilities and real estate sectors, which are traditionally home to reliable dividend payers. If a sharp increase in yield can indicate that a, stock is oversold—meaning the share price has fallen too far, too fast—. This squeezes out many of the oversized yields, which reach as high as 13% this year. While Methanex isn’t a blue-chip stock, it is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America. Wealth Management offers a suite of products through internal and third-party distribution networks, such as trust services, banking services, investment solutions, loans, and wealth advisory services. They serve clients all over the world through four business units: Canadian Personal and Small Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. All of these companies are in an excellent position to grow their dividends again due to their low payout ratios, strong earnings potential and low debt levels. Cana… In Canada, there are a large number of publicly traded companies with a track record of sharing profits with investors year after year, in the form of regular dividend payments. Our Trade and Save products are offered by Canadian ShareOwner Investments Inc. (ShareOwner), a registered investment dealer in each province and territory of Canada. Annual dividend: $3.48 Oct. 9, 2020 price: $34.74 Dividend yield: 10.02% Exxon Mobil joins Chevron as one of the biggest players in the global energy industry. Past performance is not a guarantee of future results. 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