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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:

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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.

written by David

Canada is blessed with many natural resources. Canada exports most of these resources to other countries including the US which is its largest trading partner. Some of the natural resources are timber, minerals like gold, uranium, crude oil(from tar sand), etc.Since Canada is heavily dependent on commodities we can say that the Canadian economy is a commodity-based economy. Unlike commodity driven economies like those of Russia, Brazil, etc. Canada has a stable political system, western style democracy, closer to the US, etc.

Recently as the price of crude oil rose recently Canadian tar sands became even more valuable. In addition to Calgary, Alberta the demand for Canadian crude has create a few boom towns like Fort McMurray in Northern Alberta. Sure that the price of oil is falling for the past few days. But I believe that this is only temporary. In the next few months it may start to back up again. An investor looking to add some stocks from the energy sector can look into the Canadian energy sector stocks listed below. All these stocks trade as interlisted stocks in New York.

1. Company Name: Encana
Ticker: ECA
P/E : 16.52
Dividend Yield : 2.25%

2. Company Name: Suncor Energy Inc
Ticker: SU
P/E : 16.46
Dividend Yield : 0.36%

3. Company Name: Canadian Natural Resources Ltd
Ticker: CNQ
P/E : 25.90
Dividend Yield : 0.44%

4. Company Name: Imperial Oil Ltd
Ticker: IMO
P/E : 13.04
Dividend Yield : 0.79%

5. Company Name: Petro-Canada
Ticker: PCZ
P/E : 5.57
Dividend Yield : 1.82%

6. Company Name: Talisman Energy Inc
Ticker: TLM
P/E : 14.03
Dividend Yield : 1.14%

7. Company Name: Nexen Inc
Ticker: NXY
P/E : 11.25
Dividend Yield : 0.65%

In addition, there are other energy stocks like Husky Energy Inc but they trade on the OTC exchange. For those of you who have access to the Toronto Stock Exchange, a better pick to gain exposure to the Canadian energy sector would be the ishares Canadian Energy Sector Index ETF with ticker XEG.TO.

written by David

Canadian stocks are becoming popular among US investors as they discover the advantages of this resource-rich country. Favorable mention in the media such as the BusinessWeek and the sub-prime mess affecting the dividend paying stocks in the US is fueling this new-found love for Canada as well.

The following is a list of NYSE traded Canadian stocks available for investors in the US. Tech, Energy,Income trust stocks are excluded in this list.

Related Posts:
1.ETF Teardown: Canada’s Top Stocks
2.Dividend Gems - ADRs !!!
3.Performance Analysis: North American Railroad Stocks !!

Technorati Tags: Canadian stocks, Canadian stocks

written by David