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.
COMPUTER MODELLING GROUP $13.93 (Toronto symbol CMG; TSINetwork Rating: Speculative) (403- 531-1300; www.cmgroup.com;
Shares outstanding: 37.6 million; Market cap: $502.5 million; Dividend yield: 3.2%) reports that its revenue rose 32.2% in the three months ended June 30, 2011, to $15.9 million from $12.1 million a year earlier.
Earnings rose 57.6%, to $6.7 million, or $0.18 a share, from $4.2 million, or $0.12 …read more »
ALIMENTATION COUCHE-TARD $28.34 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 242.4 million; Market cap: $6.9 billion; Yield: 0.9%) is the largest convenience-store operator in Canada, with over 2,000 outlets. It also has nearly 3,700 U.S. stores.
In the three months ended July 17, 2011, Couche-Tard’s earnings rose 9.9% to $139.5 million, or $0.76 a share. A year …read more »
Bank of Nova Scotia, Toronto symbol BNS, continues to benefit from its growing banking operations in the Caribbean, Latin America, South America and Asia.
Last week, Bank of Nova Scotia agreed to buy 19.99% of the Bank of Guangzhou; the Chinese government owns the remaining 80.01%. This bank is the 29th largest in China, with 84 branches.
Bank of Nova …read more »
Bombardier Inc., Toronto symbols BBD.A $4.56 and BBD.B, recently reported better-than-expected earnings. However, the company may have to cut its regional-jet production, due to slowing demand. That caused the stock to fall.
In the three months ended July 31, 2011, Bombardier’s earnings rose 56.7%, to $210 million, or $0.12 a share (all amounts in U.S. dollars). A year earlier, the company …read more »
MANITOBA TELECOM SERVICES INC. $33 (Toronto symbol MBT; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 65.7 million; Market cap: $2.2 billion; Price-to-sales ratio: 1.2; Dividend yield: 5.2%; TSINetwork Rating: Average; www.mtsallstream.com) has over 1.3 million telephone and wireless customers in Manitoba. This business now accounts for 54% of the company’s revenue. The remaining 46% comes from its Allstream division, which …read more »
TELUS CORP. (Toronto symbols T $53 and T.A $51; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 352.9 million; Market cap: $18.7 billion; Price-to-sales ratio: 1.7; Dividend yield: 4.2%; TSINetwork Rating: Above Average; www.telus.com) continues to expand its wireless business. As a result, it now gets 52% of its earnings from its 7.1 million wireless subscribers across Canada.
The company gets the …read more »
BCE INC. $39 (Toronto symbol BCE; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 777.5 million; Market cap: $30.3 billion; Price-to-sales ratio: 1.6; Dividend yield: 5.3%; TSINetwork Rating: Above Average; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. The company’s main subsidiary, Bell Canada, has 6.3 million residential and business customers in Ontario and Quebec.
BCE sells wireless services …read more »
CANADIAN PACIFIC RAILWAY LTD. $55 (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 169.4 million; Market cap: $9.3 billion; Price-to-sales ratio: 1.9; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.cpr.ca) transports freight between Montreal and Vancouver. It also connects with hubs in the U.S. Midwest and Northeast. CP gets 25% of its revenue from the U.S.
In …read more »
BCE, Telus and Manitoba Telecom are facing rising competition from cable companies, as well as new entrants in the wireless market.
However, all three companies have spent heavily on their wireless and high-speed Internet networks in the past few years. That’s letting them launch new services, like Internet-based TV. The extra cash flows from these services should let all three firms …read more »
BELL ALIANT INC. $27 (Toronto symbol BA, Conservative Growth Portfolio, Utilities sector; Shares outstanding: 227.8 million; Market cap: $6.2 billion; Price-to-sales ratio: 1.0; Dividend yield: 7.0%; TSINetwork Rating: Above Average; www.bellaliant.ca) sells telephone and Internet services to 2.8 million customers in Atlantic Canada, as well as rural parts of Ontario and Quebec. The company also sells wireless services through an …read more »