Here are the best Canadian dividend stocks to invest in, the best dividend stocks in Canada, in my humble opinion. Emera Inc. is a leading North American diversified energy and services company with assets worth $30 billion. If you are not comfortable with holding individual stocks, you can always buy dividend ETFs or consider different passive income ideas to generate a retirement income. Metro is a leading food and pharmaceutical company having operations in Quebec and Ontario. The 5 Best Canadian Dividend Stocks to Buy Right Now - The Motley Fool Canada fool.ca - Sneha Nahata | January 13, 2021 | More on: ENB FTS TD TRP CU ENB FTS TD TRP. Emerson Electric. The company engages in the generation, transmission, and distribution of water, gas, and electricity to communities across the U.S. For example, Metro, Super C and Adonis all target unique markets and customers. Investment DataOpportunity Score: 69Ticker: TSE:aqnSector: UtilitiesIndustry: Utilities - RenewableMarket Cap: 13.03BP/E: 20.86Dividend Yield: 3.61%Payout Ratio (Earnings): 75.03%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 7/10Dividend Income Fit: 8/10#6 – Canadian UtilitiesCanadian Utilities is one of the largest utility companies in Canada. The more expensive the stock, the fewer shares you need to buy in order to invest the money you have. The following is a list of the best dividend stocks in Canada, starting with the highest dividend. and serves utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.ITC Holdings is the largest independent electricity transmission company in the U.S. Fortis caters to 3.3 million utility (2 million electric utility customers and 1.3 million gas utility customers) across North America. Algonquin Power operates through two subsidiaries: Liberty Utilities (64% of 2018 earnings) and Liberty Power (36%).The company has more than 50 power generation facilities and 20 utilities across North America. It completely ignores the business quality, the quality of the company is for every investor to assess. Latest Stock Picks; Recent Headlines. It’s tough to see a scenario where dividends would plummet for Bell. It operates through 10 utility companies such as ITC, UNS Energy, Fortis Alberta, Fortis BC, etc. A member of the dividend aristocrats, Enbridge has increased its dividends for the past 20 years. To some investors it’s tough to detach in their mind value from share price. Investment DataOpportunity Score: 73Ticker: TSE:atd.bSector: Consumer DefensiveIndustry: Grocery StoresMarket Cap: 37.28BP/E: 13.56Dividend Yield: 0.82%Payout Ratio (Earnings): 11.15%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 9/10Dividend Income Fit: 5/10#4 – Brookfield InfrastructureBrookfield Infrastructure Partners is one of the largest owners and operators of infrastructure networks globally. As a growing renewable energy company, Algonquin Power owns a strong portfolio of long term contracted wind, solar and hydroelectric assets with 1.5 GW of total installed capacity. If you’re anticipating a market crash and looking to invest in a steady dividend payer, Fortis stock would be a good choice for one of Canada’s best Canadian dividend stocks. The opportunities will vary every month and that’s why it’s important to have a systematic approach to understanding which dividend stocks are an opportunity. The company has a strong portfolio of diversified assets, storage facilities and power generation plants and operates one of North America’s largest natural gas pipelines networks extending to more than 57,500 miles. Pre-qualified offers are not binding. The US accounts for about 60% of Fortis’ business while Canada constitutes the remaining 40%. It has since been updated to include the most relevant information available. An opportunity can be for a stock you already own or simply for a new addition to your portfolio.It is important to note that the rankings below do not assess the viability of the business. The company is one of the largest food retailers in Canada.The company operates through more than 600 food stores operating under the banners Metro, Metro Plus, Super C, Food Basics and Adonis. I chose these stocks because they span multiple industries in Canada, and are known for their track record and reliability. Required fields are marked *. The 5 Best Canadian Dividend Stocks to Buy Right Now; TFSA Investors: 2 of the Best Canadian Stocks to Buy for 2021 Be sure to come back, or better yet, follow the top 10 with the Canadian Dividend Screener. The TSX Index is at an all-time high. 3M. Your email address will not be published. Investment DataOpportunity Score: 69Ticker: TSE:aco.xSector: UtilitiesIndustry: Utilities - DiversifiedMarket Cap: 4.24BP/E: 15.75Dividend Yield: 4.73%Payout Ratio (Earnings): 74.39%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 7/10#8 – ManulifeManulife Financial Corporation is a leading international financial services company in Canada. It operates more than 16,000 stores worldwide. I hope that showing my Canadian dividend stock portfolio on my blog help me track my holding, stay focus, share ideas and specially receive great feedback from fellow dividend investors. Yes that’s what I was trying to get at with my answer. Couche-Tard caters to more than 9 million global customers daily, offering them merchandise and services (55% of 2018 revenues), motor fuel (43%) and other (2%). You can open an account as a Canadian or an American. The company is known for its highly regulated, low risk and diversified utility businesses. Your email address will not be published. The company serves more than two million customers in over 100 countries around the world. Ownership of low-risk regulated cost-of-service businesses and long-term contracted energy infrastructure assets differentiate TC Energy from its peers. The firm’s objective is to generate an equity return of 12%-15% in the long term and grow its annual distribution by 5%-9%. Royal Bank is a global enterprise with operations in Canada, the United States, and as we'll see the importance of later, 40 other countries. You can buy or sell stocks for as low as $4.95. The company engages in the generation, transmission, and distribution of electricity and gas, and provides other utility energy services.Emera Inc. has operations in Canada, the USA and in four Caribbean countries. I recently updated this article for 2020, replacing three of the names with new ones, to try to identify some of the best stocks for 2020 and beyond. It is Alberta’s largest natural gas distribution company, serving approximately 1.2 million customers in nearly 300 communities.ATCO has manufacturing facilities in Canada, the US, Chile, and Australia. TC Energy is a leading North American infrastructure company. Save my name, email, and website in this browser for the next time I comment. Since its humble beginning in 1902, 3M has grown to a more than $90 billion business. The firm acquires good quality businesses, restructures its operations and subsequently sells them. The company operates through Couche-Tard and Mac’s brands in Canada and Circle K globally.With nearly four decades of experience, Couche-Tard has adapted to the changing customer habits and preferences and has a sound track record of successful acquisitions over the last decade. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio.The monthly top 10 rarely have the same top 10 stocks. It operates a balanced and diversified portfolio consisting of ~90% regulated assets in electric utilities, gas LDCs; and unregulated gas-fired generation across North America. If you use Questrade, you could even set up a Questrade Drip to buy more when your dividends roll in. There are many ways to buy Canadian stocks. They have low-fee stock trading, and $0 ETF trades also. Algonquin’s utility business serves nearly 770,000 customers in twelve states across the U.S., through 1,200 miles of electrical transmission lines and 100 miles of natural gas transmission pipelines. The company engages in the generation, transmission, and distribution of water, gas, and electricity to communities across the U.S. With more than 125 years of experience, the company has developed strong customer relations and a deep understanding of their financial needs. NextEra Energy (NYSE: NEE) is now the largest electric utility … Canadian utilities are on top of my list for my buy-and-hold portfolio. Stay on top of your next investment decision with the Dividend Snapshot Canadian Dividend Screener. About 99% of the company’s utility assets are regulated and it operates through regulated independent electric transmission (32% of 2018 earnings), regulated US electric & gas (33%), regulated Canadian & Caribbean electric & gas (40%), and non-regulated energy infrastructure (-5%) business segments.Fortis’ assets can be divided into electric (~80% of asset mix), gas, and non-regulated energy infrastructure. Dividend Yield: 2.9% Annual Dividend Increases: 50. Bank Stocks. The USA, Canada and Mexico are its core geographies and the company has access to North America’s two most prolific natural gas supply basins. The company provides financial advice, insurance, as well as wealth and asset management solutions for individuals, groups, and institutions.As of March 2018, Manulife had $1.1 trillion assets under management making it one of the largest life insurance companies in the world. It supplies more than 25% of natural gas consumed daily across North America. 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