Investors looking for Canadian stocks with high dividend yields may want to consider these three options.
1. BCE Inc. (BCE)
BCE Inc. is a telecommunications company that offers a dividend yield of around 5%. The company has a strong track record of paying dividends and has consistently increased its payouts over the years. With a stable business model and a solid balance sheet, BCE is a reliable choice for income-seeking investors.
2. Enbridge Inc. (ENB)
Enbridge Inc. is an energy infrastructure company that currently offers a dividend yield of approximately 6%. The company operates a diversified portfolio of pipeline and energy assets, providing a steady stream of cash flow to support its generous dividend payouts. Despite challenges in the energy sector, Enbridge has managed to maintain its dividend payments, making it an attractive option for dividend investors.
3. Bank of Nova Scotia (BNS)
Bank of Nova Scotia, also known as Scotiabank, is one of Canada’s largest banks and offers a dividend yield of around 5%. The bank has a strong presence in both domestic and international markets, providing a stable source of income for investors. With a conservative approach to risk management and a history of dividend growth, Scotiabank is a reliable choice for those seeking high dividend yields in the financial sector.
Overall, these three Canadian stocks offer attractive dividend yields for investors looking to generate income from their investments. It’s important to conduct thorough research and consider other factors before making any investment decisions.