Through 2024, Fortis expects to raise the dividend by 6% annually – inline with historical averages. Despite the price of oil crashing, the company has re-iterated dividend growth guidance several times. NASDAQ:MOTS. The most versatile and in-depth investment platform in Canada is just a click of a button away, Disclaimer: The writer of this article may have positions in the securities mentioned in this article. That has helped plump up an already generous yield to 5… Many of those stocks were income trusts and have switched to corporations and continued with monthly dividend payments. 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. Over the course of its streak, it has averaged 7% dividend growth. Reflected Annually, Dividend Suspended Temporarily. Clearwater Seafoods. Our top 10 Canadian dividend stocks to be looking at heading into 2021, Dividend Suspended. It has also raised dividends in 43 of the past 45 years. In August, the company re-iterated that its capital program and dividend growth guidance remains intact despite the current pandemic. Stocks that are defensive in nature and more reliable during economic downturns have seen an increase in ranking. Over the past five years, this industrial REIT has averaged 4.25% dividend growth. 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. Before I reveal the list, some caveats. 5 Stocks Trading Under $5 With Massive Upside Potential . Tyler is an individual investor and has been investing in stocks, REITs, and private real estate for over 10 years. In reality, we could litter our top 10 list with Canada’s Big Five banks. 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. They are all excellent Canadian Blue Chip stocks. 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. However, these fears have proved to be overblown. It accounts for only 83.4% of adjusted funds from operations (AFFO), one of the best coverage ratios in the industry. ... 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. Last updated July 2020 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. And These 3 Dividend Payers Look Especially Low Risk. This update also has one important factor tied in to our rankings, and that is the COVID-19 crisis. 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. Motus GI. Not surprising as BCE is one of the most consistent and reliable stocks in the country. More reading List of Monthly Dividend Stocks Under $5 On the contrary, the utility sector contains some of the most reliable income companies in the country. However, Royal Bank is certainly one of the best. 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 … Remember, there are over 3000 stocks trading on the TSX and the TSX Venture. Index Funds Vs ETFs – What’s The Difference? But unlike stocks under $10 or stocks under $20, stocks under $5 are in a separate category. We've been keeping track of what we believe is hands down the best list of dividend cuts that have happened during the pandemic. Despite the recent economic turmoil, the self-storage sector industry seems secure. But first, allow me to explain the methodology behind our top picks. Although the oil & gas industry has been under pressure recently, pipelines are not as sensitive to the price of commodities. Further demonstrating its reliability, Fortis is one of the few companies which provides multi-year dividend growth targets. Given our current environment of uncertainty, dividend safety and reliability is the main reason why Fortis is our top dividend stock in Canada. Top Cannabis Stocks Under $5 Pot stocks have been flying of late, but these three stocks are still not that expensive. It has an industry leading debt-to-gross book value (24%) and interest coverage ratio (8.8x). In this article, let’s take a look at the Top 30 Canadian Blue Chip stocks you should own in 2020.. Market Cap: $28.94 billionForward P/E: 13.01Yield: 2.16%Dividend Growth Streak: 10 yearsPayout Ratio (Earnings): 25.40%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 9.59%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Fortis owns the second-longest dividend growth streak in Canada. It can be hard to find good stocks under $5, even though the stock market has had an incredible bull-run since the Great Recession of 2008 and 2009. Three-year total dividend growth of at least 50% (to prove that 2020 wasn’t a one-hit wonder), and A market cap of $500 million or more (for liquidity). Furthermore, it is among the best office REITs in the country. You can't go wrong with any of the Big 5 banks here in Canada. Considering the company’s current payout ratio is at the low end of its historical range, and the earnings growth coming from Intact’s acquisitions, there is no reason the company shouldn't be able to keep the dividend growth inline with its past growth. Global pays a dividend $0.26, a great yield for a dividend stock under $5. In this article, let’s take a look at the Top 30 Canadian Blue Chip stocks you should own in 2020.. Market Cap: $23.88 million. Suncor Energy (TSE:SU): Best-in-class balance sheet. Insurers are much better capitalized and are now better suited to navigating the current crisis. Right off the bat, if you’re below 30, generally speaking, you have a … It is the second-largest midstream company in the country and owns a 20-year dividend growth streak. https://www.marketbeat.com/market-data/low-priced-stocks/stocks-under-5 To top things off, Granite is in the best financial position among its peers. However, not one cut the dividend. ET Sunday and 5:30 p.m. Dividend stocks are popular with income investors who enjoy received a cash payout every 3 months from several companies. Last Updated: August 8, 2020 8:37 am. ET Friday. 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. The company is currently trading inline with historical averages, and is neither cheap, nor expensive compared to its peers. Building Your Easy $3000 Canadian Dividend Portfolio. Last updated July 2020 We are neither licensed nor qualified to provide investment advice through this platform. It is also above the company’s 10-year average of 4.71%. In this article, let’s take a look at the top 150+ Canadian dividend stocks in 2020. Reflected Annually. At 55.53%, it has the lowest payout ratio among its peers. At first glance, the 11-year dividend growth streak might not seem that impressive considering the company’s long and storied history. It has been the top performing Big Five bank over the past 3, 5, and 10-year periods. They are among the most reliable income stocks in the world. The monthly top 10 rarely have the same top 10 stocks. Canadian Stocks Have Less Political Baggage than U.S. or Chinese Stocks Right Now. Currently, the dividend accounts for 103% of adjusted earnings. 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,. The company is well positioned to continue its dividend growth. It is important to seek out a qualified investment, tax or legal professional before making any decisions related to your own personal investments. Among the best pipelines in the country, TC Energy (TSX:TRP). Given this, we believe that Allied Properties REIT (TSX:AP.UN) offers investors an attractive risk to reward opportunity. Analysts have begun to revise their estimates upwards, a trend that is likely to continue. 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. The four selected stocks were chosen from a sample size of 57 companies with a market capitalization under $5 billion, the average dividend yield of our sample is 5… ... and a subsequent decision to suspend the dividend … European Banks have been forced to cut the dividend, and some US banks such as Wells Fargo have also cut this year. Not only can investors lock in a safe and attractive dividend, they can do so at respectable valuations. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. 5 year dividend adjusted return of RY vs the TSX: Market Cap: $134.20 billion Forward P/E: 12.51 Yield: 4.58% Dividend Growth Streak: 9 Payout Ratio (Earnings): 54.54% 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. It is why you see few high-growth (or technology) Canadian Dividend Aristocrats. As of writing, the dividend accounts for only 54.60% of earnings. 5 year dividend adjusted return of RY vs the TSX: Market Cap: $134.20 billion Forward P/E: 12.51 Yield: 4.58% Dividend Growth Streak: 9 Payout Ratio (Earnings): 54.54% 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. Over the past five years, Savaria has averaged around 14% annual earnings growth. Royal Bank owns a nine-year dividend growth streak over which time it has grown the dividend by an average of 7.5% annually. Continue reading however for detailed research. If you're looking for cheap dividend stocks, one thing is important to remember above all else: Many stocks have a low price for a reason. The company owns a nine-year dividend growth streak in which it has averaged ~2.5% annual dividend growth. One of the biggest drawbacks with the company is the high payout ratios. Are you looking for the best low-priced stocks trading under $0.50 to buy in 2021? Building Your Easy $5000 Canadian Dividend Portfolio. 3 Top Stocks Under $5 ... Canadian marijuana stocks such as Aphria had their day in the sun as Canada was preparing to legalize cannabis. 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,. These are great stocks to add to your portfolio today! The company said it will distribute $1.455 million to its shareholders for a total dividend payment of $0.085 per share. Another huge benefit is the fact the company pays a monthly dividend, with a yield in the 3.2% range. If dividend investing is something that interests you, there are plenty of places online where you can learn more about this tried and true investment strategy, starting with the following list of Top 100 Canadian Dividend Stocks for 2020. Our team is available between 5:30 p.m. Several under-$5 stocks still offer outsized dividend yields to those willing to take on additional risk. Amidst the ongoing pandemic, industrial REITs have been among the best performing in the Real Estate Sector. 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. Why has the Bank of Nova Scotia (TSX:BNS) made our list over some of the others? Buy some cannabis. 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%. Be sure to come back, or better yet, follow the top 10 with the Canadian Dividend Screener. Magna supplies car companies with a wide range of parts, including many parts required for the production of electric vehicles and self driving cars. Although the Feds have asked Canada’s banks not to raise the dividend during the pandemic, there is no current risk of a dividend cut at the Bank of Nova Scotia. narrowed the vast number of dividend-paying, under-$5 stocks by including only those companies based in the U.S. with a yield above 2%. 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. ASE Technology Holding Co., ... Headquartered in Canada BB is another major stock trading under $5, which is a participant in the 5G race. Fortis (TSX:FTS) has been a mainstay on our list of top dividend stock for years. It has an industry leading debt-to-gross book value of only 28.8% and its 3.3x interest coverage ratio is second best among REITs (after Granite REIT). The company currently pays quarterly dividends of $0.201 per share, representing a dividend yield of 3.7%. Allied Properties is also in one of the best financial positions of its peers. If you're looking for a diversified REIT stock trading under $5, then Colony Capital is worth a look. In many ways, Suncor Energy is the pick of the … * 9 Monthly Dividend Stocks to Buy to Pay the Bills In addition to this, the company also has a number of new clinical trials that will be initiated in 2021. The company froze the dividend in 2008 when it was being taken private by a group led by the Ontario’s Teachers Plan. 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. Throughout the past three, five and ten-year time frames, Fortis has consistently raised the dividend by approximately 6%. It is the largest telecommunications firm in the country and provides services to over 9.6 million customers across Canada. Here are five shares that can be bought with a Sir Wilfred Laurier. Here are the 5 dividend stocks in Canada that I think would make a great addition to your dividend investing portfolio. Known for its software-oriented security services, Blackberry is a popular name in the tech industry. Given this, Magna can be counted on to keep its dividend growth streak going. Discover three top dividend stocks trading under $5, the reasoning behind their stable dividends, and their unique positions within their industries. 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