Now I try to keep my Canadian exposure to under 30%. In this article, let’s take a look at the top 150+ Canadian dividend stocks in 2020. That's just one reason why Apple and Tesla recently chose to … Many of those stocks were income trusts and have switched to corporations and continued with monthly dividend payments. Analysts are estimating Magna will earn $7.43 in 2021, so the company’s current 2.16% dividend yield has a payout ratio of just 27%. Now yielding 6%, trading at 13 times forward earnings and at a 28% discount to analysts one-year target prices, TC Energy is looking quite attractive for those looking to lock in a high income at attractive valuations. The corporation has increased their dividend 13 times in the last 14 years (keeping it stable through year 2009), at a 5% compound annual growth rate of the dividend. 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 … Intact has proven its resilience before as well. Today, the best positioned to do so is Royal Bank. Through three quarters, Savaria’s earnings per share are actually up year over year. Stocks continue to hit new all-time highs, and the price-to-earnings ratios of most S&P 500 companies make purchasing shares look like an expensive proposition. BCE currently yields an attractive 6.07%, which is above its historical averages. ET Sunday and 5:30 p.m. For more risk-tolerant investors, penny stocks, or names trading for less than $5 per share, are taking center stage. The company has an 11-year dividend growth streak over which time it has averaged approximately 5% annual dividend growth. Market Cap: $50.72 billionForward P/E: 13.06Yield: 6.01%Dividend Growth Streak: 20 yearsPayout Ratio (Earnings): 61.7%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 8%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. This is not surprising as the company has a low-risk business model in which 95% of EBITDA is generated from regulated or long-term contracted assets. Despite the recent economic turmoil, the self-storage sector industry seems secure. The company is now trading at a 15% discount to analysts’ target price of $17.75. Over the course of its streak, it has averaged 7% dividend growth. Over the past five years, Savaria has averaged around 14% annual earnings growth. The Securities and Exchange Commission (SEC) considers stocks that trade under $5 to be penny stocks. Topping the list is Granite REIT which has a ten year dividend growth streak after its latest increase in December. Savaria is a former Stocktrades Bull List stock, brought to the attention of our Stocktrades Premium members in 2018. Fortis is currently trading at 17.46 times forward earnings and 1.36 times book value. However, it appears analysts were being too pessimistic. This is slightly below the industry averages of 20.37 and 1.72 respectively. After all, Canadian banks managed to maintain their payments during the financial crisis of 2008, while other financial institutions were slashing dividends at a rapid pace. Intact has raised its dividend every year for the last 15 years, so even during the 2008 Financial Crisis Intact was able to grow its dividend, showing just how reliable Intact’s dividend growth is. Given this, we believe that Allied Properties REIT (TSX:AP.UN) offers investors an attractive risk to reward opportunity. The shift to work at home has many questioning whether or not there will be a need for office space on the other side. And These 3 Dividend Payers Look Especially Low Risk. Despite facing considerable industry headwinds, TC Energy continues to generate a ton of cash. We can’t talk about the top dividend stocks in Canada without mentioning one of Canada’s pipelines. It is one of the largest auto parts manufacturers in the world. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. Buying the Big 5 bank that has the highest yield has proven to be a good idea historically, and locking in a yield over 5% at a time when the Canadian 10 year bond yield is extremely low is an opportunity too good to pass up. At first glance, the 11-year dividend growth streak might not seem that impressive considering the company’s long and storied history. As of writing, the dividend accounts for only 54.60% of earnings. Not only can investors lock in a safe and attractive dividend, they can do so at respectable valuations. If you are looking for cheap dividend stocks under $5, then here is a list of some of the best ones we found. August 8, 2020 6:45 am. Not only that, but Magna proved this year to have a resilient business. Stock Price: $0.74 (-$0.01) PE Ratio: -0.98. However, Colony Capital easily covers their dividend via FFO. Auto parts are a cyclical business, but Magna has a strong balance sheet to weather any economic storms. Analysts estimated earnings would drop by 14% in 2020 as COVID-19 was expected to stunt growth. If you ask me, I’ll recommend every investor/investment portfolio to have a couple of high paying but stable dividend stocks (blue chips of course). The company is ideally situated to benefit from an aging population. On the contrary, the utility sector contains some of the most reliable income companies in the country. What is being made abundantly clear is that warehouse and distribution spaces will remain in high demand as the shift to eCommerce is here to stay. The Top Canadian Dividend Stocks in January 2020 for passive income and long-term share price growth! Dow stocks are getting investors' attention, but Chimera Investment is one under-$5 stock that offers investors an outsized dividend. Given the strong results posted by Canada’s banks during this pandemic, we believe that it is only a matter of time before Canada’s Big Banks receive the green light to once again raise dividends. Fortis (TSX:FTS) has been a mainstay on our list of top dividend stock for years. We used to have this on a separate page, but decided to merge it into this page so Canadians could have all the relevant information in one place. Fortis owns the second-longest dividend growth streak in Canada. You can change your choices at any time by visiting Your Privacy Controls. ... At the time of filming this video, the stock price is currently trading at $88.68, with a market cap of just under 3.321 billion dollars. Building Your Easy $3000 Canadian Dividend Portfolio. Market Cap: $767 millionForward P/E: 24.83Yield: 3.19%Dividend Growth Streak: 7 yearsPayout Ratio (Earnings): 82.80%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 4.30%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Reflected Annually, Dividend Suspended Temporarily. We've been keeping track of what we believe is hands down the best list of dividend cuts that have happened during the pandemic. With this information in mind, let’s dive into one way that you could build a high paying dividend stock portfolio with roughly $5,000.. Canadian Dividend Stocks Table of Contents: {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}, Canada’s Top 10 Dividend Stocks for 2021 and Beyond, Top 10 Canadian Blue Chip Stocks To Buy in 2021, The Top Canadian Telecommunication Stocks to Buy Now, Canadian Gold Stocks – Top TSX Gold Stocks Today, Canadian REITs for 2021 – 7 of the Top REITs in Canada, PO Box 16018 Lower Mount Royal, Calgary, Alberta, T2T5H7, Canada. About Us:Stocktrades.ca was founded in 2016 by investors Daniel Kent and Dylan Callaghan, with the ultimate goal of providing Canadian investors with the best possible tools to increase their investment portfolios. One of the biggest drawbacks with the company is the high payout ratios. The company has guided that it intends to grow the dividend 7% in 2021 and 5-7% in the years after that. Given this, Magna can be counted on to keep its dividend growth streak going. Since it went public in 1983, BCE has never missed a dividend payment, nor has it cut the dividend. 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. The risk of a dividend cut, in our opinion, is extremely low. The Securities and Exchange Commission (SEC) considers stocks that trade under $5 to be penny stocks. 7 Top Stocks Under $5 These penny stocks show solid growth potential By Divya Premkumar , InvestorPlace Contributor Aug 28, 2020, 9:37 am EST August 28, 2020 Overview Dividend All-Stars Top 100 Dividend Stocks Past Performance Methodology How to use this table We pack a plethora of information about the Dividend All-Stars into these tables. If you want the true best of the best, click here to get started for free. They are all excellent Canadian Blue Chip stocks. 5 Strong Buy Stocks Under $5 With Massive Upside Potential Huge returns don’t always have to come at a hefty cost By Maya Sasson , Writer, TipRanks Dec … You can't go wrong with any of the Big 5 banks here in Canada. This was created for personal use*, but I hope that others can find it useful as there doesn't seem to be a free resource on the net with this information arranged in this format. Now yielding 3.98% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. These companies are priced under $5 yet still pay investors every 30 days like clockwork. If you're looking for a diversified REIT stock trading under $5, then Colony Capital is worth a look. Top Ranked Dividend Stocks With Insider Buying Top Dividend Stocks 2016-2021 Best Dividend Stocks Analysts Like in the S&P Best Dividend Paying Stocks Analysts Like in the Dow 10 Cheap Dividend Stocks Under $10 10 Low Priced Dividend Stocks Under $5 Top High Dividend Yield Stocks 2016-2021 Broker Darlings: Top 15 Analyst Picks of the Dow Discover three top dividend stocks trading under $5, the reasoning behind their stable dividends, and their unique positions within their industries. The performance of Intact Financial (TSX:IFC) is proof that insurers are not as susceptible to an the damage of an economic crisis as they once were. Market Cap: $154 billionForward P/E: 12.42Yield: 3.98%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 54.54%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 8.00%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Market Cap: $4.8 billionForward P/E: N/AYield: 4.52%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 72.50%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 3.05%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Intact expects the deal to increase earnings per share by 6-9% next year and by over 15% within three years. 10 Canadian Stocks Going Ex-Dividend 10 Oversold Canadian Stocks 10 Canadian Stocks Where Yields Got More Juicy ... All viewers agree that under no circumstances will BNK Invest, Inc,. Here are five shares that can be bought with a Sir Wilfred Laurier. European Banks have been forced to cut the dividend, and some US banks such as Wells Fargo have also cut this year. This site/free resource is for Canadian Investors looking to list, find, compare, sort and search Dividend stocks on the Toronto Stock Exchange (TSX/TSE) stock market. It is also above the company’s 10-year average of 4.71%. Market Cap: $49.6 billionForward P/E: 16.87Yield: 6.07%Dividend Growth Streak: 11 yearsPayout Ratio (Earnings): 103.42%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 5.10%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. It is currently trading at a 13% discount to net asset value. Buy some cannabis. Savaria (TSX:SIS) is a global manufacturer and distributor of mobility devices and clinics. The TSX-listed Canadian dividend stocks we’ve discovered have an average yield of 5.4% with an average return of 48.5% in 2019. Several under-$5 stocks still offer outsized dividend yields to those willing to take on additional risk. Continue reading however for detailed research. This is in stark contrast to what happened worldwide. Currently, the dividend accounts for only 66% of free cash flow. It has also raised dividends in 43 of the past 45 years. ... and a subsequent decision to suspend the dividend … To top things off, Granite is in the best financial position among its peers. The company’s 61.7% payout ratio is among the best in the industry and the dividend accounts for only 43% of cash flow. This often results in higher than average yields. Overview Dividend All-Stars Top 100 Dividend Stocks Past Performance Methodology How to use this table We pack a plethora of information about the Dividend All-Stars into these tables. Allied Properties is also in one of the best financial positions of its peers. It has not been a good year for Clearwater Seafoods Incorporated (TSX:CLR), which saw its share price fall from a high of nearly $12 in May, 2017, to under $5 recently. Combine strong dividend growth with an attractive yield (3.93%) and you are looking at the top income stock to own in Canada today. The company is well positioned to continue its dividend growth. 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