Canadian Dividend Stocks
You’ll see how we select the best dividend stocks for a Canadian portfolio—and some of our top choices—when you download our free special report, Dividend Paying Stocks: How High Dividend Stocks Can Supercharge Your Income Investing.
Content from our paid publications is delayed 90 days. You can find our most recent advice and recommendations on Canada’s top dividend stocks in The Successful Investor.
TECK RESOURCES LTD. $36 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 590.8 million; Market cap: $21.3 billion; Price-to-sales ratio: 1.9; Dividend yield: 1.7%; TSINetwork Rating: Average; www.teck.com) is spending $1 billion to increase production at its metallurgical coal mines in B.C., and reopen its Quintette coal mine in northern B.C. This investment will help Teck increase its …read more »
BCE INC. $38.22 (Toronto symbol BCE; Shares outstanding: 777.1 million; Market cap: $30.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.4%; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. It also sells wireless and satellite-TV services across Canada.
In the three months ended June 30, 2011, BCE’s earnings per share rose 10.3%, to $0.86 from $0.78. Revenue rose …read more »
Many investors are concerned about today’s market outlook. However, a strong point over the past few years has been the reliability of Canadian dividend stocks. A good example of this is BCE, a utility stock that has grown its dividend and continues to provide capital gains to patient investors.
BCE faces challenges and opportunities
BCE Inc. (Toronto symbol BCE; www.bce.ca) earned $663 …read more »
We still think safety-conscious investors should focus on well-established stocks with strong businesses. The best of these stocks offer an attractive combination of low p/e ratios, steady or rising dividend yields and promising growth prospects. BCE has raised its dividend six times since December 2008. The stock now yields a high 5.3%. The shares are also inexpensive in relation to …read more »
TELUS $48.57 (Toronto symbol T.A; Shares outstanding: 335.6 million; Market cap: $16.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%; www.telus.com) is Canada’s second-largest telephone and wireless provider after BCE Inc..
Telus has 7.1 million wireless subscribers across Canada, and gets twice as much of its revenue from wireless as BCE (52% compared to BCE’s 26%). The company continues to expand …read more »
ENCANA CORP. $19.59 (Toronto symbol ECA; Shares outstanding: 738.6 million; Market cap: $14.4 billion; TSINetwork Rating: Average; Dividend yield: 4.0%; www.encana.com) has agreed to sell its midstream operations in Colorado’s Piceance basin. These operations mainly consist of pipelines that collect natural gas from nearby wells and transport it to storage and processing facilities. Encana will hang to its gas wells …read more »
CANADIAN PACIFIC RAILWAY LTD. $52.02 (Toronto symbol CP; Shares outstanding: 170.7 million; Market cap: $8.2 billion; TSINetwork Rating: Average; Dividend yield: 2.3%; www.cpr.ca) reports that its operating ratio worsened in the three months ended June 30, 2011, to 81.8% from 77.8% a year earlier. (Operating ratio is calculated by dividing regular operating costs by revenue. The lower the ratio, the …read more »
Loblaw Companies Ltd., Toronto symbol L, continues to expand its private-label business. That’s because the company earns higher profits selling private-label merchandise than national brands.
In October 2011, Loblaw is launching a new line of gourmet foods under the President’s Choice Black Label brand. These foods include mustards, condiments, dressings and sauces, biscuits, crackers, nuts and desserts. Products like these should …read more »
Encana Corp., Toronto symbol ECA, has agreed to sell its midstream operations in Colorado’s Piceance basin. These operations mainly consist of pipelines that collect natural gas from nearby wells and transport it to storage and processing facilities. Encana will hang to its gas wells in this region.
The company will receive $590 million when the deal closes later this year (all …read more »
Transcontinental Inc., Toronto symbol TCL.A, is the largest commercial printer in Canada, and the fourth largest in North America. It also publishes newspapers and magazines, and has over 1,000 web sites.
In the three months ended July 31, 2011, Transcontinental’s revenue rose 2.3%, to $492.6 million from $481.3 million a year earlier. The company has won a number of new printing …read more »