High Yielding Canadian Dividend Stocks
On Aug 28 this year, I wrote an article on some of the Top Canadian Dividend Stocks trading in the US.
That article used the S&P TSX Canadian Dividend Aristocrats Index as the base.
Today we take a different approach.We shall use the Dow Jones Canada Select Dividend Index to discuss the Canadian dividend stocks available as inter-listed stocks in New York Stock Exchange.This index is “designed to measure the stable and high-yielding segment of top dividend-paying companies within the broad Canada equity market.” This list does not include Canadian Royalty Trusts.
Dow Jones Canada Select Dividend Index components trading in the US:
| Company | Ticker | Dividend Yield | Sector |
|---|---|---|---|
| Canadian Imperial Bank of Commerce | CM | 7.68% | Banking |
| Bank of Montreal | BMO | 7.83% | Banking |
| RBC Financial Group | RY | 5.16% | Banking |
| Toronto-Dominion Bank | TD | 5.19% | Banking |
| Telus Corp | TU | 5.52% | Telecom |
| Bank of Novo Scotia | BNS | 5.84% | Banking |
| Enbridge Inc | ENB | 3.82% | Natural Gas Distribution |
| Transcanada Corp | TRP | 4.75% | Pipelines |
| Transalta Corp | TAC | 5.31% | Electricity |
| Sun Financial Inc | SLF | 6.13% | Life Insurance |
| Manulife Financial Corp | MFC | 5.18% | Life Insurance |
| Teck Cominco Ltd | TCK | 10.19% | Non-ferrous Metals |
| Source: www.TopForeignStocks.com |
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The other DJ Canada Select Dividend Index components that trade on the Toronto Stock Exchange(TSX) are:
Manitoba Telecom Services Inc
National Bank of Canada
Rusel Metals Inc
Transcontinental Inc
IGM Financial Inc
Laurentian Bank of Canada
Canadian Utilities Ltd
Industrial Alliance Insurance
Power Financial Corp
Emera Inc
TMX Group Inc
Great-West Lifeco Inc
Fortis Inc
Power Corp of Canada
Reitmans (Canada) Ltd
Torstar Corp
AGF Management Ltd
Norbord Inc
If you have access to the TSX, you can pickup the iShares CDN Dividend Index Fund ETF (XDV.TO) which tracks the above index.
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That is very useful information, Teck Cominco Ltd has the highest % in dividend yield. How about the capital gain?