Savaria owns a seven-year dividend growth streak over which time it has averaged double-digit dividend growth. This company produces packaging and materials for some industries that are in very high demand right now. It’s around 12.3% at the time of filming. And the way I can do it so efficiently is simply with our dividend screener over at Stocktrades Premium. The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA). The number one way to do it is dividend stocks. Great list. Best Canadian Dividend Stocks – Top 10. With 85 investment properties spanning the globe and increased dividends since 2012, Granite REIT is one of my picks for best Canadian dividend stock. That’s why when it comes to diversification, we are slightly limited. Second Cut. Fast forward to today and the company has a $0.72 annual dividend, which equates to a massive 34% yield on cost. If you notice below, the Bank of Nova Scotia is actually underperforming the TSX over the last 5 years, dividends included. Would you still acquire new shared in those interest sensitive sectors at this time? Thanks for sharing with us! Now, the second quarter is when we will see the full impacts of COVID-19 on the Canadian financial institutions. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries. Results season for a few of our banks this coming few weeks so it’ll be interesting reading. Despite facing considerable industry headwinds, TC Energy continues to generate a ton of cash. This means, if you had purchased the stock 10 years ago, you would be looking at a heafy stock price appreciation as well as a solid yield on cost number. In terms of cash flows, we’re actually not going to speak on that. If you are looking for diversification, Saputo may be a good stock to own. The most versatile and in-depth investment platform in Canada is just a click of a button away, **This article is a transcription of the video above. A similar phenomenon is happening today. Think accounts payable for materials, or debt that has come due. Cheers. I’m not exactly sure why this is the case. Free Weekly Dividend Newsletter: Free Dividend Newsletter Gain access to weekly reports featuring our proprietary DividendRank lists broken down by the top ranked stocks in each of 18 categories/industry groupings. IFC and Saputo are both solid dividend stocks IMO. Personally I would prefer MRU over SAP. Furthermore, it is among the best Office REITs in the country. This is a question we get a lot here at Stocktrades, as investors have no doubt heard that the banking sector is one of the most reliable in the world because of strict regulations. This is in stark contrast to what happened worldwide. Primarily dividend growth stocks. Telus is also expanding other segments like home security, health, TV, and internet. I have a large chunk of my portfolio allocated towards dividend and dividend growth stocks. Reflected Annually. SAP was a disappointment to me, especially when comparing to SYY in the US. We plan to continue adding shares of these stocks in the future. I’ve owned some of these lists in the past (TD, CNR, FTS and SAP) but sold and restructured my dividend portfolio to monthly dividend income. Canadian stock yields are awesome. Our third and final stock is Enghouse Limited (TSX:ENGH). This is an impressive feat. Over the last two quarters provisions for credit losses spiked, yet despite this the dividend remains well covered. The company’s 71% payout ratio is among the best in the industry and the dividend accounts for only 43% of operational cash flows. Is Enbridge (ENB) in your radar and if not do we know why? Dividend stocks have long been admired for their ability to create income for investors regardless of market conditions. Income stocks are extremely popular for new investors learning how to invest in stocks. Interestingly TD gets more than 30% of its net income from the American division, so the company does not rely on the Canadian division as heavily as some might have thought. I originally started looking at the best Canadian dividend growth stocks back in 2013. The shift to work at home has many questioning whether or not there will be a need for office space on the other side. On the contrary, the utility sector contains some of the most reliable income companies in the country. Hey where do you get your payout ratios (and other values)? There are many ways to buy Canadian stocks. As the largest utility in the country, Fortis is arguably one of the most defensive stocks to own. “Current” in terms of assets means the company has the ability to quickly turn it into cash within the next 12 months. Stocktrades offers strictly investment opinions, not investment advice. Watch our top Canadian dividend stock video on Youtube here. It is also well above the company’s 10-year average of 4.71%. The dividend-growth lovers over at Million Dollar Journey have their own list of Canada’s best dividend stocks, which focuses heavily on earnings-per-share, and forward earnings-per-share as their main dividend stock valuation metrics.