In May 2024, the Canadian market remains a popular choice for investors looking for stability and growth amid global economic uncertainties. Dividend stocks are highly sought after for their ability to provide consistent income and resilience in various market conditions. Here are the top 10 dividend stocks in Canada:
1. Bank of Nova Scotia (TSX:BNS) – Dividend Yield: 6.47%, Rating: ★★★★★★
2. Whitecap Resources (TSX:WCP) – Dividend Yield: 7.13%, Rating: ★★★★★★
3. Savaria (TSX:SIS) – Dividend Yield: 3.00%, Rating: ★★★★★☆
4. Secure Energy Services (TSX:SES) – Dividend Yield: 3.51%, Rating: ★★★★★☆
5. Enghouse Systems (TSX:ENGH) – Dividend Yield: 3.47%, Rating: ★★★★★☆
6. Boston Pizza Royalties Income Fund (TSX:BPF.UN) – Dividend Yield: 8.54%, Rating: ★★★★★☆
7. Russel Metals (TSX:RUS) – Dividend Yield: 4.32%, Rating: ★★★★★☆
8. Canadian Natural Resources (TSX:CNQ) – Dividend Yield: 4.06%, Rating: ★★★★★☆
9. Royal Bank of Canada (TSX:RY) – Dividend Yield: 3.88%, Rating: ★★★★★☆
10. Sun Life Financial (TSX:SLF) – Dividend Yield: 4.50%, Rating: ★★★★★☆
Bank of Montreal is one of the highlighted companies with a dividend yield of 4.7%. It has a strong track record of consistent payouts and solid dividend stability. Despite some financial pressure, the company’s dividends are considered reliable. North West Company Inc. and Savaria Corporation are also featured for their consistent dividend growth and strong financial performance.
It is important to note that the information provided in this article is based on historical data and analyst forecasts. It is not financial advice and does not take into account individual objectives or financial situations. Simply Wall St aims to provide unbiased analysis driven by fundamental data.
For more in-depth analysis on companies like Savaria, including fair value estimates, risks, dividends, insider transactions, and financial health, you can check out our comprehensive analysis.
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