I have written about investment opportunities in Canada many times before.Many others have written on the same topic as well. More recently Seeking Alpha published an excellent piece by Joseph L. Shaefer of Stanford Wealth Management, LLC.
In this post let me list some of the top dividend stocks of Canada. These stocks are part of the S&P/TSX Canadian Dividend Aristocrats Index. Components of the index must satisfy the following criteria:
1.The company’s security is a common stock or income trust listed on the Toronto Stock Exchange and a constituent of the S&P Canada Broad Market Index (BMI).
2.The security has increased ordinary cash dividends every year for at least five consecutive years.
3.The float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.
Some of the Canadian dividend aristocrats trading on the organized U.S. exchanges are listed below with their current dividend yields:
1.Company: TransCanada Corp (TRP)
Current Dividend Yield: 4.06%
Sector:Natural Gas Utilities
2.Company: TELUS Corp (TU)
Current Dividend Yield: 4.33%
Sector: Telecom
3.Company: Shaw Communications Inc (SJR)
Current Dividend Yield: 4.59%
Sector:Broadcasting & Cable TV
4.Company: Enbridge Inc (ENB)
Current Dividend Yield: 3.08%
Sector: Oil Well Services & Equipment
5.Company: Thomson Reuters Corp (TRI)
Current Dividend Yield: 3.09%
Sector:Printing & Publishing
6.Company: Canadian National Railway Co (CNI)
Current Dividend Yield: 1.78%
Sector: Railroads
7.Company: Tim Hortons Inc (THI)
Current Dividend Yield: 1.44
Sector:Restaurants
8.Company: Canadian Pacific Railway Ltd (CP)
Current Dividend Yield: 1.67%
Sector: Railroads
9.Company: Talisman Energy Inc (TLM)
Current Dividend Yield: 1.04%
Sector:Oil & Gas Operations
10.Company: Cameco Corp(CCJ)
Current Dividend Yield:1.39%
Sector:Metal Mining
11.Company: Canadian Natural Resources Ltd (CNQ)
Current Dividend Yield: 0.80%
Sector:Oil & Gas Operations
Note: Yields noted are as of April 28, 2011
Disclosure: Long CNI
