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The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.


    • TSI Research 

      We continue to see 3M as a buy for income investors. The company has paid dividends continuously for over 100 years and has increased that rate each year for the past 65 years. The latest increase was just this month meaning investors now receive $1.50 a share instead of $1.49. The new annual rate of $6.00 yields a high 5.3%.
      The stock is down due to lawsuits regarding ground chemicals and earplugs. If successful, those payouts could hurt 3M’s earnings and dividends. However, it’s likely the company will settle these cases instead of facing uncertain court trials. 3M has also set aside funds to settle these cases.Note that the company is also cutting 3% of its workforce, which should improve its long-term profitability and dividend sustainability.

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